Totals
- Total revenue
- $3,583,701
- Total expenses
- $3,907,122
- Contributions and grants received
- $2,008,452
- Grants paid
- $0
- Program service revenue
- $1,542,402
- Investment income
- $11,718
- Other revenue
- $21,129
- Total assets, end of year
- $3,044,139
- Total liabilities, end of year
- $619,533
- Net assets or fund balances, end of year
- $2,424,606
- Program services expenses (Part IX)
- $2,720,685
- Management and general expenses
- $1,014,271
- Fundraising expenses
- $172,166
- Program service expenses (Part III)
- $2,720,685
Program services were 69.6% 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.
-
1b · Membership dues
$1,562,062
-
1f · All other contributions, gifts and grants
$446,390
-
2a · Program service revenue: Annual Conference
total $1,224,060 · related or exempt $1,224,060
-
2b · Program service revenue: Meeting Revenue
total $318,342 · related or exempt $318,342
-
3 · Investment income
total $28,141 · excluded $28,141
-
7a · Gross sales of assets other than inventory
securities $467,862
-
7b · Less cost or other basis and sales expenses
securities $484,285
-
7c · Gain or loss
securities -$16,423
-
7d · Net gain or loss
total -$16,423 · excluded -$16,423
-
11a · Other revenue: Other Income
total $21,129 · related or exempt $21,129
-
11e · Other revenue, total
$21,129
Functional expenses
Part IX, the statement of functional expenses.
-
6 · Compensation of disqualified persons
total $473,672 · program services $270,216 · management and general $173,536 · fundraising $29,920
-
7 · Other salaries and wages
total $1,287,669 · program services $739,758 · management and general $469,811 · fundraising $78,100
-
9 · Other employee benefits
total $241,973 · program services $140,523 · management and general $84,464 · fundraising $16,986
-
10 · Payroll taxes
total $97,573 · program services $52,294 · management and general $38,214 · fundraising $7,065
-
11b · Fees: legal
total $6,475 · program services $3,467 · management and general $2,528 · fundraising $480
-
11c · Fees: accounting
total $19,475 · program services $10,427 · management and general $7,605 · fundraising $1,443
-
11g · Fees: other
total $92,848 · program services $91,312 · management and general $1,536
-
13 · Office expenses
total $255,474 · program services $136,782 · management and general $98,494 · fundraising $20,198
-
14 · Information technology
total $70,022 · program services $37,490 · management and general $27,342 · fundraising $5,190
-
17 · Travel
total $967 · program services $967
-
24a · Other expenses: Program Expenses
total $597,263 · program services $584,608 · management and general $8,457 · fundraising $4,198
-
24b · Other expenses: Annual Meeting
total $562,307 · program services $562,307
-
24c · Other expenses: Member Relations
total $98,396 · program services $67,955 · management and general $25,585 · fundraising $4,856
-
24d · Other expenses: Dues and Staff Developm
total $55,131 · management and general $55,131
-
24e · All other expenses
total $47,877 · program services $22,579 · management and general $21,568 · fundraising $3,730
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,560,141 · end of year $1,312,783
-
2 · Savings and temporary cash investments
beginning of year $914,289 · end of year $928,074
-
3 · Pledges and grants receivable
beginning of year $4,962 · end of year $0
-
4 · Accounts receivable
beginning of year $240,091 · end of year $166,181
-
9 · Prepaid expenses and deferred charges
beginning of year $185,039 · end of year $84,377
-
10a · Land, buildings and equipment: cost or other basis
$45,888
-
10b · Land, buildings and equipment: accumulated depreciation
$45,755
-
10c · Land, buildings and equipment, net
beginning of year $1,674 · end of year $133
-
11 · Investments: publicly traded securities
beginning of year $315,873 · end of year $324,697
-
15 · Other assets
beginning of year $326,624 · end of year $227,894
-
17 · Accounts payable and accrued expenses
beginning of year $399,069 · end of year $210,248
-
19 · Deferred revenue
beginning of year $63,918 · end of year $103,568
-
25 · Other liabilities
beginning of year $438,641 · end of year $305,717
-
27 · Net assets without donor restrictions
beginning of year $2,033,783 · end of year $1,806,736
-
28 · Net assets with donor restrictions
beginning of year $613,282 · end of year $617,870
Mission and programs · 2023
Mission
Philanthropy Southeast strengthens Southern philanthropy, welcoming our members to listen, learn and collaborate on ideas and actions to help build an equitable, prosperous South.
-
Annual Meeting - information sessions to provide professional development and networking opportunities for directors, trustees, members, and officers of the foundation.
Expenses $562,307 · Revenue $1,224,060
-
Constituency Meetings - seminars and conferences to provide professional development and encourage courageous leadership for its members.
Expenses $67,955 · Revenue $290,822
-
The South's Premiere Philanthropic Leadership Development Program- If you look at today's leaders in Southern Philanthropy, you'll see men and women from all walks of life. They work at a variety of foundations, all with different visions and missions. Increasingly, however, these leaders have one thing in common - they were members of PSE's Hull Fellows program. Of the more than 300 graduates of our premiere leadership development program, dozens now serve as CEOs and senior executives throughout the region. Over the course of a year, these three elements are delivered through in-person and virtual programs that explore the history of the South, the latest trends and best practices and the major issues facing foundations today.
Expenses $2,090,423 · Revenue $48,649
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert Dortch
Board Chair
- Total calculated
- $0
- Hours/week
- 1.3
-
Kristen Keely-Dinger
Chair-Elect
- Total calculated
- $0
- Hours/week
- 0.8
-
Jennifer Barksdale
Secretary/Treausrer
- Total calculated
- $0
- Hours/week
- 0.8
-
Dr Laura Gerald
Governance Chair
- Total calculated
- $0
- Hours/week
- 0.8
-
Darrin Goss
At-Large
- Total calculated
- $0
- Hours/week
- 0.8
-
Michael Tipton
At-Large
- Total calculated
- $0
- Hours/week
- 0.8
-
Jane Alexander
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Carol Butler
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Kim Davis
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Jerry Gonzalea
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Sara Hemingway
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Deanna James
Board Member
- Total calculated
- $0
- Hours/week
- 0.55
-
Allen Mast
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Velma Monteiro-Tribble
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Christopher Steed
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Mijo Vodopic
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Kenita T Williams
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Janine Lee
President & CEO
- Total calculated
- $383,940
- From this org
- $342,725
- From related orgs
- $0
- Other
- $41,215
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $283,010
- Bonus
- $59,715
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $41,215
- Filer's total
- $383,940
-
Dena Chadwick
Chief Operating Officer
- Total calculated
- $254,893
- From this org
- $222,407
- From related orgs
- $0
- Other
- $32,486
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $193,146
- Bonus
- $29,261
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $32,486
- Filer's total
- $254,893
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
- 1a · Tax indemnification and gross-up payments
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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
The filer's explanations (Part III)
- Part I, Line 3
- The Executive Committee met and approved the President & CEO's 2022 Bonus and 2023 compensation. The Chair of the Board further indicated that the bonus would be grossed up thus, the organization would pay the employee's portion of the taxes.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413179349307246
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