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← POISE FOUNDATION

Form 990 for tax year 2022

Filed by POISE FOUNDATION.

Totals

Total revenue
$9,083,941
Total expenses
$12,593,865
Contributions and grants received
$8,454,835
Grants paid
$10,247,315
Program service revenue
$168,831
Investment income
$460,275
Other revenue
$0
Total assets, end of year
$13,933,027
Total liabilities, end of year
$2,388,921
Net assets or fund balances, end of year
$11,544,106
Program services expenses (Part IX)
$11,907,308
Management and general expenses
$527,328
Fundraising expenses
$159,229
Program service expenses (Part III)
$11,907,308

Program services were 94.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,790,709

  • 1f · All other contributions, gifts and grants

    $6,664,126

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $168,831 · related or exempt $168,831

  • 3 · Investment income

    total $218,951 · excluded $218,951

  • 7a · Gross sales of assets other than inventory

    securities $1,820,122

  • 7b · Less cost or other basis and sales expenses

    securities $1,578,798

  • 7c · Gain or loss

    securities $241,324

  • 7d · Net gain or loss

    total $241,324 · excluded $241,324

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,247,315 · program services $10,247,315

  • 5 · Compensation of officers, directors and key employees

    total $315,700 · program services $119,650 · management and general $164,164 · fundraising $31,886

  • 7 · Other salaries and wages

    total $712,429 · program services $440,300 · management and general $196,571 · fundraising $75,558

  • 8 · Pension plan contributions

    total $126,053 · program services $88,350 · management and general $26,232 · fundraising $11,471

  • 10 · Payroll taxes

    total $100,308 · program services $55,170 · management and general $34,646 · fundraising $10,492

  • 11b · Fees: legal

    total $2,527 · program services $2,527

  • 11c · Fees: accounting

    total $18,200 · management and general $18,200

  • 11f · Fees: investment management

    total $35,149 · program services $34,526 · management and general $623

  • 11g · Fees: other

    total $194,545 · program services $169,023 · management and general $25,522

  • 12 · Advertising and promotion

    total $9,507 · management and general $2,279 · fundraising $7,228

  • 13 · Office expenses

    total $14,741 · program services $3,041 · management and general $11,178 · fundraising $522

  • 16 · Occupancy

    total $44,436 · program services $24,438 · management and general $15,349 · fundraising $4,649

  • 17 · Travel

    total $17,993 · program services $5,988 · management and general $5,102 · fundraising $6,903

  • 22 · Depreciation, depletion and amortization

    total $995 · program services $223 · management and general $772

  • 23 · Insurance

    total $17,717 · program services $9,743 · management and general $6,120 · fundraising $1,854

  • 24a · Other expenses: FISCAL SPONSOR

    total $694,544 · program services $693,944 · management and general $600

  • 24b · Other expenses: DUES AND FEES

    total $41,706 · program services $13,070 · management and general $19,970 · fundraising $8,666

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,525,032 · end of year $1,309,205

  • 2 · Savings and temporary cash investments

    beginning of year $3,436,759 · end of year $2,602,165

  • 3 · Pledges and grants receivable

    beginning of year $3,770,000 · end of year $2,570,000

  • 4 · Accounts receivable

    beginning of year $53,732 · end of year $90,574

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,619 · end of year $16,730

  • 10a · Land, buildings and equipment: cost or other basis

    $20,579

  • 10b · Land, buildings and equipment: accumulated depreciation

    $15,629

  • 10c · Land, buildings and equipment, net

    beginning of year $5,945 · end of year $4,950

  • 11 · Investments: publicly traded securities

    beginning of year $8,303,995 · end of year $6,902,367

  • 15 · Other assets

    beginning of year $136,416 · end of year $437,036

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,250 · end of year $213,661

  • 18 · Grants payable

    beginning of year $6,837 · end of year $1,330,318

  • 19 · Deferred revenue

    end of year $259,207

  • 25 · Other liabilities

    beginning of year $1,689,852 · end of year $585,735

  • 27 · Net assets without donor restrictions

    beginning of year $1,540,695 · end of year $1,153,495

  • 28 · Net assets with donor restrictions

    beginning of year $13,960,864 · end of year $10,390,611

Mission and programs · 2022

Mission

TO ASSIST THE PITTSBURGH REGION'S BLACK COMMUNITY IN ACHIEVING SELF-SUSTAINING PRACTICES, THROUGH STRATEGIC LEADERSHIP, COLLECTIVE GIVING, GRANTMAKING AND ADVOCACY.

  • PROVIDED GRANTS AND PROGRAM SUPPORT TO ORGANIZATIONS THAT ARE DESIGNED TO STRENGTHEN EDUCATIONAL, ECONOMIC OR CULTURAL OPPORTUNITIES FOR THE BLACK COMMUNITY. THE FOUNDATION PROVIDES GRANTS TO NONPROFIT CHARITABLE ORGANIZATIONS THAT EXECUTE PROGRAMS AND SERVICES IN LINE WITH THE FOUNDATION'S MISSION. THIS ALSO INCLUDES PROVIDING GRANTS AND ADMINISTRATION SERVICES FOR THIRD PARTY ORGANIZATIONS DUE TO FOUNDATION'S GRANTS ADMINISTRATION EXPERTISE AND KNOWLEDGE AND RELATIONSHIP TO THE COMMUNITY SERVED.

    Expenses $9,316,388 · Grants $9,096,734

  • POISE ACTS AS A FISCAL SPONSOR FOR VARIOUS PROGRAMS, PROJECTS AND ORGANIZATIONS THAT ARE NOT DEFINED AS CHARITABLE ORGANIZATIONS BASED ON THE INTERNAL REVENUE CODE OR QUALIFIED ORGANIZATIONS SEEKING TO INCREASE THEIR CAPICITY THROUGH FISCAL SPONSORSHIP.

    Expenses $2,244,866 · Grants $934,173 · Revenue $168,831

  • EDUCATION IMPROVEMENT TAX CREDIT. PROVIDED SCHOLARSHIPS TO FAMILIES ATTENDING PRIVATE SCHOOLS FOR PRE KINDERGARTEN THROUGH TWELFTH GRADE. THIS PROGRAM IS FUNDED BY CORPORATE AND OTHER QUALIFYING DONATIONS WHICH PROVIDE THE DONORS A TAX CREDIT TOWARDS THEIR PENNSYLVANIA TAX LIABILITY.

    Expenses $214,170 · Grants $208,002

  • Expenses $131,884 · Grants $8,406

As filed on the 2022 return.

Listed in Part VII

  • Gregory R Spencer

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ron Lawrence

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dale C Perdue

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Darrell E Smalley

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lucille Dabney

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Annette Gillcrese

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Edward E Guy

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rev Cornell Jones

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Samantha Clancy

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Lewis

    PRESIDENT

    Total calculated
    $184,610
    From this org
    $155,000
    From related orgs
    $0
    Other
    $29,610
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $155,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,610
    Filer's total
    $184,610

  • Karris Jackson

    CHIEF OPERATING OFFICER

    Total calculated
    $131,090
    From this org
    $117,500
    From related orgs
    $0
    Other
    $13,590
    Hours/week
    45

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
12 July 2023
IRS schema version
2022v5.0
Source object
202321939349301222

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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