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← PRESSLEY RIDGE TEXAS

Form 990 for tax year 2022

Filed by PRESSLEY RIDGE TEXAS.

Totals

Total revenue
$139,000
Total expenses
$139,000
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$139,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,228,011
Total liabilities, end of year
$1,228,011
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$139,000
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$139,000

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.

  • 2a · Program service revenue: FOSTER CARE SERVICES

    total $139,000 · related or exempt $139,000

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $22,250 · program services $22,250

  • 8 · Pension plan contributions

    total $1,415 · program services $1,415

  • 9 · Other employee benefits

    total $111 · program services $111

  • 10 · Payroll taxes

    total $1,447 · program services $1,447

  • 11g · Fees: other

    total $19,537 · program services $19,537

  • 13 · Office expenses

    total $1,065 · program services $1,065

  • 16 · Occupancy

    total $395 · program services $395

  • 17 · Travel

    total $10,804 · program services $10,804

  • 23 · Insurance

    total $81,434 · program services $81,434

  • 24a · Other expenses: PROFESSIONAL DUES

    total $542 · program services $542

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,174,701

  • 4 · Accounts receivable

    end of year $196

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

    $53,114

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $53,114

  • 19 · Deferred revenue

    end of year $1,179,762

  • 25 · Other liabilities

    beginning of year $0 · end of year $48,249

  • 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 $0

Mission and programs · 2022

Mission

TEXAS FAMILY CARE NETWORK, A DIVISION OF PRESSLEY RIDGE TEXAS, IS THE SINGLE SOURCE CONTINUUM CONTRACTOR (SSCC) FOR REGION 5 (DEEP EAST) OF TEXAS. AS THE SSCC, TEXAS FAMILY CARE NETWORK FINDS FOREVER FAMILIES FOR CHILDREN IN STATE CARE BY FINDING FOSTER OR ADOPTIVE HOMES OR OTHER LIVING ARRANGEMENTS AND PROVIDING A FULL RANGE OF CASE MANAGEMENT SERVICES.

  • TO PROVIDE TREATMENT, CARE AND ASSISTANCE TO CHILDREN AND THEIR FAMILIES WITHIN TEXAS, INCLUDING, BUT NOT LIMITED TO ASSISTING WITH FINDING FOREVER FAMILIES FOR CHILDREN IN STATE CARE (INCLUDING IN THE TEXAS FOSTER CARE SYSTEM AND CHILD PROTECTIVE SERVICES), BY FINDING FOSTER OR ADOPTIVE HOMES OR OTHER LIVING ARRANGEMENTS AND PROVIDING A FULL RANGE OF CASE MANAGEMENT SERVICES.

    Expenses $139,000 · Revenue $139,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SUSANNE COLE

    PRESIDENT/CEO/CHAIR

    Total calculated
    $541,794
    From this org
    $0
    From related orgs
    $496,676
    Other
    $45,118
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $435,196 related
    Bonus
    $0 + $61,480 related
    Other
    $0
    Deferred
    $0 + $27,537 related
    Nontaxable benefits
    $0 + $17,581 related
    Filer's total
    $0 + $541,794 related

  • DOUG MULLINS

    CFO/TREASURER

    Total calculated
    $330,397
    From this org
    $0
    From related orgs
    $302,018
    Other
    $28,379
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,088 related
    Bonus
    $0 + $28,930 related
    Other
    $0
    Deferred
    $0 + $27,095 related
    Nontaxable benefits
    $0 + $1,284 related
    Filer's total
    $0 + $330,397 related

  • RICHARD NEDELKOFF

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • KENNETH BULLOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA CORRERA

    DIRECTOR

    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. 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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
PRESSLEY RIDGE, A RELATED ORGANIZATION, ESTABLISHES THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR WITH THE FOLLOWING METHODS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 7
THE EXECUTIVE QUALITY INCENTIVE PROGRAM WAS CREATED TO PROVIDE INCENTIVE WITHIN THE FRAMEWORK OF COMPENSATION ARRANGEMENTS THAT THE U.S. INTERNAL REVENUE SERVICE HAS VIEWED AS REASONABLE AND IS THE AWARD OF AN INCENTIVE SALARY PAYMENT IN ADDITION TO BASE PAY THAT IS MADE BASED ON THE ACHIEVEMENT OF QUALITY GOALS FOR THE ORGANIZATION THAT ARE ASSIGNED TO INDIVIDUAL PARTICIPANTS. ALL PAYMENTS ARE APPROVED BY THE BOARD OF DIRECTORS PRIOR TO PAYMENT.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • PRESSLEY RIDGE

    501(C)(3) · FOSTER CARE, RESIDENTIAL, EDUCATION AND COMMUNITY BASED · PA

  • PRESSLEY RIDGE FOUNDATION

    501(C)(3) · TO PROVIDE SUPPORT TO PRESSLEY RIDGE · PA · controlled entity

    Directly controlled by PRESSLEY RIDGE

  • PRESSLEY RIDGE - MARYLAND

    501(C)(3) · FOSTER CARE AND COMMUNITY BASED · PA · controlled entity

    Directly controlled by PRESSLEY RIDGE

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202401319349302895

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