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Nonprofiteer
← 1 PETER 410 INC

Form 990 for tax year 2023

Filed by 1 PETER 410 INC.

Totals

Total revenue
$2,814,989
Total expenses
$2,737,000
Contributions and grants received
$2,814,693
Grants paid
$2,736,775
Program service revenue
$0
Investment income
$296
Other revenue
$0
Total assets, end of year
$77,989
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$77,989
Program services expenses (Part IX)
$2,736,775
Management and general expenses
$225
Fundraising expenses
$0
Program service expenses (Part III)
$2,736,775

Program services were 100.0% 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

    $2,814,693

  • 3 · Investment income

    total $296 · excluded $296

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,736,775 · program services $2,736,775

  • 13 · Office expenses

    total $225 · management and general $225

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    end of year $77,989

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $77,989

Mission and programs · 2023

Mission

BREAKING DOWN THE BARRIERS OF POVERTY BY INSPIRING YOUTH COMMUNITY INVOLVEMENT, EMPOWERING THE YOUTH THROUGH EQUALIZING ACCESS TO POSITIVE COMMUNITY INTERACTION TO FOSTER SUCCESS BY PROVIDING EQUAL OPPORTUNITIES FOR ALL.

  • 1 PETER 4:10, IN PARTNERSHIP WITH THE CAP RIPKEN, SR. FOUNDATION, IS BUILDING A MULTIPURPOSE TURF FOOTBALL/SOCCER FIELD AND TRACK AT HEARNE HIGH SCHOOL IN HEARNE, TX. TOGETHER, WE WILL ENCOURAGE HEALTHY PHYSICAL ACTIVITY AND PROVIDE MENTORSHIP OPPORTUNITIES THROUGH YOUTH SPORTS AND ENRICHMENT PROGRAMS.

    Expenses $2,736,775 · Grants $2,736,775

As filed on the 2023 return.

Listed in Part VII

  • Sharon Pedroncelli

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Andrew Pedroncelli

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Kim Lewis

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Clifton Lewis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

  • 1 PETER 4:10, IN PARTNERSHIP WITH THE CAP RIPKEN, SR. FOUNDATION, IS BUILDING A MULTIPURPOSE TURF FOOTBALL/SOCCER FIELD AND TRACK AT HEARNE HIGH SCHOOL IN HEARNE, TX. TOGETHER, WE WILL ENCOURAGE HEALTHY PHYSICAL ACTIVITY AND PROVIDE MENTORSHIP OPPORTUNITIES THROUGH YOUTH SPORTS AND ENRICHMENT PROGRAMS.

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2024
IRS schema version
2023v5.0
Source object
202401349349306270

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