Pt Fund Inc
- Assets
- $1.9m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 453
- Location
- Washington, DC
- Founding
- Data as of
- 12/2021
- EIN
- 85-0920996
Organization Overview
Pt Fund Inc is located in Washington, DC. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Pt Fund Inc employed 453 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pt Fund Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Pt Fund Inc generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (66.7%) each year. All expenses for the organization totaled $9.4m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE THE ORDERLY TRANSITION OF THE EXECUTIVE BRANCH OF THE FEDERAL GOVERNMENT TO THE BIDEN HARRIS ADMINISTRATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FACILITATE THE ORDERLY TRANSITION OF THE EXECUTIVE BRANCH OF THE FEDERAL GOVERNMENT TO THE BIDEN HARRIS ADMINISTRATION AND TO CAPTURE BEST PRACTICES TO ASSIST FUTURE TRANSITION ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kwesi Awenate Cobbina Dir/treasurer Began 1/18/21 | OfficerTrustee | 16 | $62,213 |
Cecilia Munoz Dir/president Began 1/18/21 | OfficerTrustee | 12 | $36,250 |
Tara Mcguinness Dir/secretary Began 1/18/21 | OfficerTrustee | 10 | $32,667 |
Yohannes Abraham Dir/treas/sec Resigned 1/18/21 | OfficerTrustee | 40 | $8,519 |
Jeffrey Zients Dir/president Resigned 1/18/21 | OfficerTrustee | 5 | $0 |
Edward Kaufman Director Resigned 1/18/21 | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Castle Point Technologies Event Prdtn/facil | 12/30/21 | $2,847,915 |
Ejcr Dba Advanced Aviation Team Travel | 12/30/21 | $366,947 |
Covington Burling Llp Legal | 12/30/21 | $454,637 |
Gilbert Wolfand Pc Accounting | 12/30/21 | $157,369 |
Minuteclinic Llc Covid Protocols | 12/30/21 | $1,588,134 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,780,867 |
| All other contributions, gifts, grants, and similar amounts not included above | $881,089 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,661,956 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,899,847 |
| 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. | $144,207 |
| Compensation of current officers, directors, key employees. | $108,646 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,346,931 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $241,950 |
| Payroll taxes | $364,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $208,028 |
| Fees for services: Accounting | $170,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $229,431 |
| Advertising and promotion | $0 |
| Office expenses | $21,285 |
| Information technology | $239,982 |
| Royalties | $0 |
| Occupancy | $82,273 |
| Travel | $699,346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,941,339 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $536,371 |
| All other expenses | $0 |
| Total functional expenses | $9,353,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,744,686 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,570 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,857,256 |
| Accounts payable and accrued expenses | $35,572 |
| 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 | $35,572 |
| Net assets without donor restrictions | $1,821,684 |
| 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 | $1,857,256 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pt Fund Inc Washington, DC | $1,857,256 | $2,899,847 |
Christopher Coffland Memorial Fund Inc Timonium, MD | $647,690 | $1,477,090 |
Neal C Nichols Foundation Inc Falls Church, VA | $11,503,189 | $4,263,085 |
Bowlers To Veterans Link Inc Fairfax, VA | $2,168,201 | $1,273,730 |
Rouben And Violet Jiji Foundation Towson, MD | $13,701,428 | $480,892 |
America Salutes You Llc Mclean, VA | $198,314 | $662,144 |
Coalfield Water Development Fun Inc Coeburn, VA | $20,428,381 | $814,226 |
Warrior Reunion Foundation Cockeysville, MD | $331,681 | $550,232 |
6 8 Foundation Alexandria, VA | $195,707 | $388,574 |
Raymond A Wood Foundation Inc Ocean City, MD | $381,816 | $380,449 |
Operation We Care Inc Salisbury, MD | $106,646 | $209,254 |
Anguilla Initiative Leesburg, VA | $235,176 | $421,489 |