The Pando Initiative Inc
- Assets
- $1.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 46
- Location
- Wichita, KS
- Founding
- 04/1991
- Data as of
- 06/2022
- EIN
- 48-1093130
Organization Overview
The Pando Initiative Inc is located in Wichita, KS. The organization was established in 1991. As of 06/2022, Pando Initiative Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pando Initiative Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Pando Initiative Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 2.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE PANDO INITIATIVE, INC. IS TO CONNECT WITH STUDENTS TO HELP THEM ENGAGE AND THRIVE IN EDUCATION AND THEIR FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PANDO INITIATIVE PLACES QUALIFIED PROFESSIONALS ON PUBLIC SCHOOL CAMPUSES TO ASSIST STUDENTS WITH THOSE ISSUES THAT CREATE BARRIERS TO THEIR SUCCESS IN SCHOOL AND EVENTUAL GRADUATION. BY COORDINATING AND PROVIDING JUST THE RIGHT SERVICES AND SUPPORTS INCLUDING TUTORING, MENTORING, AND ACCESS TO BASIC NEEDS RESOURCES, STUDENTS ARE ABLE TO FOCUS ON THEIR STUDIES AND REACH THEIR POTENTIAL IN THE CLASSROOM. THE PRIMARY FOCUS IS ON IMPROVING ATTENDANCE, BEHAVIOR AND INDIRECTLY ACADEMIC PERFORMANCE.
THE REALITY U PROGRAM FOCUSES ON FINANCIAL LITERACY AND TOURS IN KANSAS. THE PROGRAM HELPS STUDENTS LEARN THROUGH HANDS-ON EXPERIENCE THE IMPORTANCE OF WISE DECISION-MAKING ABOUT THEIR FINANCIAL FUTURE AND HOW THEIR CURRENT REALITY IMPACTS THEIR FUTURE. THIS PROGRAM SENDS A STRONG MESSAGE TO STUDENTS THAT STAYING IN SCHOOL IS ESSENTIAL FOR THEIR FINANCIAL SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Olsen Executive Director | Officer | 40 | $81,398 |
Bradley Dyer Jr Chair | OfficerTrustee | 1 | $0 |
Jessica Folk Chair-Elect | OfficerTrustee | 1 | $0 |
Chris Addington At-Large | OfficerTrustee | 1 | $0 |
Nate Birkhofer Treasurer | OfficerTrustee | 1 | $0 |
Janet Sprecker Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $234,744 |
| Membership dues | $0 |
| Fundraising events | $80,200 |
| Related organizations | $0 |
| Government grants | $278,010 |
| All other contributions, gifts, grants, and similar amounts not included above | $535,741 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,128,695 |
| Total Program Service Revenue | $578,372 |
| Investment income | $28,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,531 |
| Net Income from Fundraising Events | $56,618 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,799,167 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $42,753 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,553 |
| Compensation of current officers, directors, key employees. | $9,255 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,180,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,916 |
| Payroll taxes | $98,474 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,871 |
| Fees for services: Other | $8,988 |
| Advertising and promotion | $16,035 |
| Office expenses | $17,270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,883 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,648 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,570 |
| Insurance | $11,085 |
| All other expenses | $0 |
| Total functional expenses | $1,583,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,050 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,760 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,286 |
| Net Land, buildings, and equipment | $9,080 |
| Investments—publicly traded securities | $1,111,121 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,418,297 |
| Accounts payable and accrued expenses | $33,633 |
| Grants payable | $0 |
| Deferred revenue | $8,684 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $42,317 |
| Net assets without donor restrictions | $1,371,957 |
| Net assets with donor restrictions | $4,023 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,418,297 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Pando Initiative Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Berry Foundation Inc Wichita, KS PURPOSE: ANNUAL GIFT | $1,500 |
Endowment Analysis
| Beg. Balance | $642,824 |
| Earnings | -$85,235 |
| Ending Balance | $557,589 |
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