P3 Foundation Inc
- Assets
- $106.6m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 03/2018
- Data as of
- 12/2022
- EIN
- 82-2912570
Organization Overview
P3 Foundation Inc is located in Denver, CO. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. P3 Foundation 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 12/2022, P3 Foundation Inc generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 72.8% each year . All expenses for the organization totaled $14.3m during the year ending 12/2022. 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 PARTNER WITH PUBLIC AND CHARITABLE ENTITIES TO DEVELOP SERVICES, ACTIVITIES, AND PROGRAMS DESIGNED FOR SENIOR HOUSING, EDUCATION, HEALTH CARE FACILITIES, AFFORDABLE HOUSING, AND GOVERNMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT HOUSING FACILITIES - LEASE AND MANAGEMENT OF STUDENT HOUSING CONSISTING OF 246 BEDS IN RESIDENTIAL PROPERTIES LOCATED IN THE VICINITY OF FRANKLIN & MARSHALL COLLEGE IN LANCASTER, PA UNDER A MASTER LEASE AGREEMENT WITH THE COLLEGE.
PROVIDING SERVICES, ACTIVITIES AND PROGRAMS DEDICATED TO FURTHERING COMMUNITY DEVELOPMENT, EDUCATION, AND LESSENING THE BURDENS OF GOVERNMENT.
STUDENT HOUSING FACILITIES - LEASE AND MANAGEMENT OF STUDENT HOUSING CONSISTING OF 238 BEDS IN RESIDENTIAL PROPERTY LOCATED ON THE CAMPUS OF CLAREMONT GRADUATE UNIVERSITY IN CLAREMONT, CALIFORNIA UNDER A MASTER LEASE AGREEMENT WITH THE COLLEGE.
STUDENT HOUSING AND PARKING FACILITIES - LEASE AND MANAGEMENT OF STUDENT HOUSING LOCATED IN LINCOLN, NEBRASKA NEAR THE THE CAMPUS OF THE UNIVERSITY OF NEBRASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Wyatt Executive Di | Officer | 5 | $12,764 |
Greg Fawcett Secretary | OfficerTrustee | $0 | |
Eva Hill Director | Trustee | $0 | |
Andrew Kittleson Director | Trustee | $0 | |
Jeff Klein President | OfficerTrustee | $0 | |
Jim Moore Treasurer | OfficerTrustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Np Asset Services Llc Consulting | 12/30/22 | $587,897 |
Kutakrock Finance | 12/30/22 | $203,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,874,868 |
| Investment income | $84,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $10,891,827 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,000 |
| 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. | $12,764 |
| Compensation of current officers, directors, key employees. | $12,764 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $614,059 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $110,259 |
| Payroll taxes | $43,518 |
| Fees for services: Management | $356,964 |
| Fees for services: Legal | $218,468 |
| Fees for services: Accounting | $32,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $486,194 |
| Advertising and promotion | $68,602 |
| Office expenses | $473,286 |
| Information technology | $41,175 |
| Royalties | $0 |
| Occupancy | $2,563,516 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,729,712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,324,745 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $14,280,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,870,573 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,424 |
| 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 | $167,602 |
| Net Land, buildings, and equipment | $66,850,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,702,695 |
| Total assets | $106,595,603 |
| Accounts payable and accrued expenses | $5,921,129 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $56,520,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $30,277,026 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,394,058 |
| Total liabilities | $114,112,213 |
| Net assets without donor restrictions | -$7,516,610 |
| Net assets with donor restrictions | $0 |
| 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 | $106,595,603 |
Grants Awarded
Over the last fiscal year, P3 Foundation Inc has awarded $45,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP SUNSHINE PURPOSE: OPERATIONS | $7,000 |
FUQUA SCHOOLTHE RURAL EDUCATION FOUNDATION PURPOSE: OPERATIONS | $21,000 |
HISTORIC WEST END PARTNERS PURPOSE: OPERATIONS | $11,000 |
CHILDRENS HOSPITAL OF PHILADELPHIA PURPOSE: OPERATIONS | $6,000 |