Peter-Paul Development Center Inc
- Assets
- $7.8m
- Revenue
- $3.4m
- Investments
- $755.8k
- Employees
- 74
- Location
- Richmond, VA
- Founding
- 05/1980
- Data as of
- 06/2022
- EIN
- 54-1137164
Organization Overview
Peter-Paul Development Center Inc is located in Richmond, VA. The organization was established in 1980. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Peter-Paul Development Center Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peter-Paul Development Center 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, Peter-Paul Development Center Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 4.9% 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
TO SUPPORT THE RESIDENTS OF RICHMOND'S EAST END AND EDUCATE ITS STUDENTS, EQUIPPING THEM TO SERVE AS POSITIVE CONTRIBUTORS TO THEIR FAMILY, COMMUNITY, AND SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YOUTH PROGRAM, COMPRISED OF THE AFTER SCHOOL LEARNING IMMERSION PROGRAM AND SUMMER PROMISE, PROVIDES YEAR-ROUND OUT-OF-SCHOOL TIME SUPPORT FOR YOUTH IN THE DENSEST CONCENTRATION OF POVERTY IN THE CITY OF RICHMOND. THE FOCUS OF THE PROGRAM IS ACADEMIC GROWTH; PETER PAUL ACHIEVES THIS THROUGH REQUIRED ATTENDANCE, SMALL CLASSROOMS, HIGH-QUALITY TEACHERS AND PROGRAM ASSISTANTS, INDIVIDUALIZED INSTRUCTION AND TUTORING, AND OPPORTUNITIES TO PARTICIPATE IN ENRICHMENT EXPERIENCES.
COMMUNITY SUPPORTS INCLUDE COMMUNITY EVENTS, FOOD DISTRIBUTION, AND COMMUNITY DEVELOPMENT WORK IN COLLABORATION WITH NEIGHBORS AND OTHER SERVICE PARTNERS. IN ADDITION, PETER PAUL SUPPORTS FAMILIES DURING HOLIDAY SEASONS WITH FOOD AND PROVIDE GIFTS TO CHILDREN AND FAMILIES DURING THE CHRISTMAS SEASON.
TWICE-WEEKLY PROGRAMMING FOR SENIOR CITIZENS IN PARTNERSHIP WITH THE SENIOR CENTER OF GREATER RICHMOND. THIS PROGRAM PROVIDES A HOT LUNCH, EXERCISE, FIELD TRIPS, SPEAKERS, AND MANY MORE ACTIVITIES FOR SENIOR CITIZENS WHO LIVE IN THE PETER PAUL NEIGHBORHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damon Jiggitts Executive Director | OfficerTrustee | 40 | $122,850 |
Jessica Brooks PHD Chair | OfficerTrustee | 2 | $0 |
Chad Eisele Board Treasurer | OfficerTrustee | 2 | $0 |
Hal Greer Board Secretary | OfficerTrustee | 2 | $0 |
Tyrone Payton Vice Chair | OfficerTrustee | 2 | $0 |
Thomas Watson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $58,902 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $384,713 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,320,795 |
| Noncash contributions included in lines 1a–1f | $91,447 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,764,410 |
| Total Program Service Revenue | $587,852 |
| Investment income | $741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,087 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,355,102 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,784 |
| Compensation of current officers, directors, key employees. | $47,035 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,299,662 |
| Pension plan accruals and contributions | $26,111 |
| Other employee benefits | $82,035 |
| Payroll taxes | $111,033 |
| 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 | $8,814 |
| Fees for services: Other | $112,429 |
| Advertising and promotion | $0 |
| Office expenses | $37,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,502 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,027 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,252 |
| Insurance | $30,715 |
| All other expenses | $55,072 |
| Total functional expenses | $2,602,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,676,015 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $361,891 |
| Accounts receivable, net | $375,053 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,859,082 |
| Investments—publicly traded securities | $739,988 |
| Investments—other securities | $755,828 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,520 |
| Total assets | $7,780,377 |
| Accounts payable and accrued expenses | $113,097 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $113,097 |
| Net assets without donor restrictions | $6,963,737 |
| Net assets with donor restrictions | $703,543 |
| 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 | $7,780,377 |
Grants Recieved
Over the last fiscal year, we have identified 43 grants that Peter-Paul Development Center Inc has recieved totaling $1,267,096.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $416,550 |
Robins Foundation Richmond, VA PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $110,000 |
Bon Secours Richmond Health System Richmond, VA PURPOSE: MISSION SUPPORT | $110,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Carmax Foundation Richmond, VA PURPOSE: HOME OFFICE GIVING | $50,000 |
Brookfield Inc Richmond, VA PURPOSE: GENERAL | $50,000 |
Endowment Analysis
| Beg. Balance | $801,098 |
| Earnings | -$23,471 |
| Admin Expense | $7,706 |
| Net Contributions | $7,465 |
| Grants | $21,558 |
| Ending Balance | $755,828 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Global Development Washington, DC | $65,777,264 | $14,319,773 |
Economic Improvement Council Inc Edenton, NC | $4,246,156 | $20,948,013 |
Frontstream Global Fund Alexandria, VA | $871,140 | $19,414,740 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Country Club Of Landfall Wilmington, NC | $36,040,032 | $19,318,350 |
Corus International Inc Baltimore, MD | $10,612,047 | $34,455 |
Commonwealth Catholic Charities Richmond, VA | $9,806,748 | $17,802,660 |
Action Pathways Inc Fayetteville, NC | $19,024,818 | $19,740,388 |
Daniel Boone Community Action Agency Inc Manchester, KY | $8,884,267 | $15,954,203 |
Southeast Tennessee Human Resource Agency Dunlap, TN | $24,351,699 | $17,068,562 |
Western Carolina Community Action Inc Hendersonville, NC | $8,009,014 | $16,309,816 |
Highland School Inc Warrenton, VA | $41,730,791 | $16,433,775 |