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Nonprofiteer
← PI FOUNDATION INC

Form 990 for tax year 2023

Filed by PI FOUNDATION INC.

Totals

Total revenue
$7,857,032
Total expenses
$5,339,033
Contributions and grants received
$4,274,145
Grants paid
$5,099,629
Program service revenue
$206,623
Investment income
$2,687,601
Other revenue
$688,663
Total assets, end of year
$34,650,142
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$34,650,142
Program services expenses (Part IX)
$5,209,989
Management and general expenses
$129,044
Fundraising expenses
$0
Program service expenses (Part III)
$5,209,989

Program services were 97.6% 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.

  • 1f · All other contributions, gifts and grants

    $4,274,145

  • 1g · Noncash contributions included above

    $4,088,916

  • 2a · Program service revenue: FEE INCOME

    total $206,623 · excluded $206,623

  • 3 · Investment income

    total $806,815 · excluded $806,815

  • 7a · Gross sales of assets other than inventory

    securities $2,408,642 · other assets $1,517,840

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

    securities $485,696 · other assets $1,560,000

  • 7c · Gain or loss

    securities $1,922,946 · other assets -$42,160

  • 7d · Net gain or loss

    total $1,880,786 · related or exempt -$59,995 · excluded $1,940,781

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

    total $732,453 · excluded $732,453

  • 11b · Other revenue: FORTIUS K-1

    total $100 · unrelated business $100

  • 11c · Other revenue: K-1S

    total -$6,012 · excluded -$6,012

  • 11d · All other revenue

    total -$37,878 · unrelated business -$37,878

  • 11e · Other revenue, total

    $688,663

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,099,629 · program services $5,099,629

  • 11b · Fees: legal

    total $99,012 · program services $1,474 · management and general $97,538

  • 11c · Fees: accounting

    total $21,110 · management and general $21,110

  • 11f · Fees: investment management

    total $95,208 · program services $95,208

  • 23 · Insurance

    total $5,000 · management and general $5,000

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $7,598 · program services $7,598

  • 24b · Other expenses: PROPERTY TAX

    total $5,955 · program services $5,955

  • 24c · Other expenses: WEBSITE

    total $3,250 · management and general $3,250

  • 24d · Other expenses: BANK FEES

    total $1,671 · program services $125 · management and general $1,546

  • 24e · All other expenses

    total $600 · management and general $600

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,320,699 · end of year $3,942,737

  • 6 · Loans and receivables from disqualified persons

    beginning of year $356,990 · end of year $298,388

  • 7 · Other notes and loans receivable

    end of year $24,323

  • 10c · Land, buildings and equipment, net

    beginning of year $1,500,000

  • 11 · Investments: publicly traded securities

    beginning of year $14,448,802 · end of year $19,479,394

  • 12 · Investments: other securities

    beginning of year $11,889,028 · end of year $10,905,300

  • 31 · Retained earnings, endowment or other funds

    beginning of year $33,515,519 · end of year $34,650,142

Mission and programs · 2023

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 $5,209,989 · Grants $5,099,629 · Revenue $206,623

As filed on the 2023 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

  • Teresa M Robison

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

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
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202423209349321017

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

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