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Nonprofiteer
← PI FOUNDATION INC

Form 990 for tax year 2024

Filed by PI FOUNDATION INC.

Totals

Total revenue
$2,732,382
Total expenses
$6,301,943
Contributions and grants received
$4,200
Grants paid
$6,050,362
Program service revenue
$172,820
Investment income
$2,546,681
Other revenue
$8,681
Total assets, end of year
$32,244,162
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$32,244,162
Program services expenses (Part IX)
$6,059,585
Management and general expenses
$242,358
Fundraising expenses
$0
Program service expenses (Part III)
$6,059,585

Program services were 96.2% 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.

  • 1f · All other contributions, gifts and grants

    $4,200

  • 2a · Program service revenue: FEE INCOME

    total $172,820 · excluded $172,820

  • 3 · Investment income

    total $868,685 · related or exempt $10,467 · excluded $858,218

  • 7a · Gross sales of assets other than inventory

    securities $3,285,778 · other assets $54,747

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

    securities $1,662,529

  • 7c · Gain or loss

    securities $1,623,249 · other assets $54,747

  • 7d · Net gain or loss

    total $1,677,996 · related or exempt $21,312 · excluded $1,656,684

  • 11a · Other revenue: RENTAL INCOME THRU K-1S

    total $88,770 · excluded $88,770

  • 11b · Other revenue: FORTIUS K-1

    total $1,961 · unrelated business $1,961

  • 11c · Other revenue: CIMARRON HEALTHCARE

    total -$25,979 · unrelated business -$25,979

  • 11d · All other revenue

    total -$56,071 · unrelated business -$28,374 · excluded -$27,697

  • 11e · Other revenue, total

    $8,681

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,050,362 · program services $6,050,362

  • 11b · Fees: legal

    total $100,074 · program services $4,223 · management and general $95,851

  • 11c · Fees: accounting

    total $24,560 · management and general $24,560

  • 11f · Fees: investment management

    total $108,376 · management and general $108,376

  • 23 · Insurance

    total $4,700 · management and general $4,700

  • 24a · Other expenses: BAD DEBT WRITE OFF

    total $5,000 · program services $5,000

  • 24b · Other expenses: WEBSITE

    total $3,535 · management and general $3,535

  • 24c · Other expenses: FOREIGN TAXES PAID

    total $3,322 · management and general $3,322

  • 24d · Other expenses: BANK FEES

    total $1,398 · management and general $1,398

  • 24e · All other expenses

    total $616 · management and general $616

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,942,737 · end of year $3,358,208

  • 6 · Loans and receivables from disqualified persons

    beginning of year $298,388 · end of year $194,269

  • 7 · Other notes and loans receivable

    beginning of year $24,323

  • 11 · Investments: publicly traded securities

    beginning of year $19,479,394 · end of year $19,507,223

  • 12 · Investments: other securities

    beginning of year $10,905,300 · end of year $9,184,462

  • 31 · Retained earnings, endowment or other funds

    beginning of year $34,650,142 · end of year $32,244,162

Mission and programs · 2024

Mission

THE PI FOUNDATION'S MISSION IS TO SUPPORT, ENCOURAGE, AND FOSTER CHARITABLE GIVING. THE FOUNDATION DOES THIS THROUGH EDUCATION, RESOURCES, AND DONOR ADVISED FUNDS. THE FOUNDATION FINANCIALLY SUPPORTS A WIDE RANGE OF LOCAL AND NATIONAL ORGANIZATIONS.

  • DONATIONS IN THE SUPPORT OF 501(C)(3) ORGANIZATIONS

    Expenses $6,059,585 · Grants $6,050,362 · Revenue $172,820

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • L S MCCULLOUGH II

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • GREGORY C ZAUGG

    VP/TREASURER

    Total calculated
    $0
    Hours/week
    8

  • L STANFORD MCCULLOUGH IV

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.0
Source object
202513189349314166

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

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