PGP Charitable Fund
PGP CHARITABLE FUND'S SOLE PURPOSE IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND/OR TO CARRY OUT THE PURPOSES OF GREATER HORIZONS, THE PGP CHARITABLE FUND'S SUPPORTED ORGANIZATION.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$9.5M
Total Expenses
$5.2M
Net Assets
$53.7M
Employees
0
Volunteers
3
Grants Paid
$5.0M
Program Expense Ratio
96.7%
This nonprofit profile presents IRS Form 990 tax filing data for PGP Charitable Fund (EIN: 92-1414477), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
PGP Charitable Fund is a 501(c)(3) nonprofit headquartered in KANSAS CITY, MO, founded in 2022. It is classified under NTEE code P11 (Single Organization Support), within the Human Services category. The organization has held tax-exempt status since 2023. In its 2024 filing, the organization reported $9.5M in total revenue, a 79.6% decrease from the prior year, and $5.2M in total expenses. The organization engaged 3 volunteers. The organization runs 1 program, totaling $5.0M in program expenses. 4 of 6 recommended governance policies are in place.
PGP Charitable Fund is classified under NTEE code P11 (Single Organization Support), which falls within the Human Services category. Its foundation type is 21.
Programs(Tax Year 2024)
1 record
PGP Charitable Fund operates 1 program, with total program expenses of $5.0M. PGP Charitable Fund's largest program accounts for 100% of total program spending.
The PGP Charitable Fund works with its supported organization, Greater Horizons, to help strengthen the common good locally and throughout the United States, primarily through grantmaking, to a range of charitable organizations that focus on a variety of matters.
Financial Overview(Tax Years 2022–2024)
3 records
Over the past 3 years, PGP Charitable Fund's revenue has remained stable from $0 to $9.5M. Program expenses represent 97% of total spending.
Revenue decreased 79.6% year-over-year, while expenses grew 148.8%. net assets rose to $53.7M, up 10.8% from the prior year.
PGP Charitable Fund derives 99% from contributions and grants, with 5% from investment income.
Revenue is heavily concentrated: 99% comes from contributions and grants, indicating limited diversification.
PGP Charitable Fund allocates 97% to programs, 3% to management and general.
Revenue declined by 79.6% and expenses grew by 148.8% year over year.
PGP Charitable Fund distributed $5.0M in grants to other organizations and individuals, representing 97% of total expenses.
PGP Charitable Fund holds $53.7M in total assets against $2K in liabilities (debt-to-asset ratio of 0%). The organization has 124.6 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $9.5M | $9.3M | $0 | $0 | $502K |
| 2023 | $46.4M | $46.6M | $0 | $0 | $943K |
| 2022 | $0 | $0 | $0 | $0 | $0 |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $5.2M | $5.0M | $170K | $0 | $5.0M |
| 2023 | $2.1M | $2.0M | $78K | $0 | $2.0M |
| 2022 | $0 | $0 | $0 | $0 | $0 |
Program Expense Ratio
96.7%
Admin Expense Ratio
3.3%
Fundraising Efficiency
—
Operating Reserve
124.6 mo
People & Compensation(Tax Year 2024)
3 records
PGP Charitable Fund reported compensation for 3 officers and key employees.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Meltem Demirors | Treasurer | OfficerDirector | 0.10 | $0 | $0 | $0 |
| Philip Potter | President | OfficerDirector | 0.10 | $0 | $0 | $0 |
| Timothy Valliere | Secretary | OfficerDirector | 0.10 | $0 | $0 | $0 |
Governance & Compliance(Tax Year 2024)
PGP Charitable Fund has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 3 members, 3 of whom are independent.
PGP Charitable Fund's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
1 record
PGP Charitable Fund awarded $5.0M across 1 grant to organizations. Top recipients include Greater Horizons (Kansas City, MO) — $5.0M for general support.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| Greater Horizons200849590 | Kansas City, MO | $5.0M | GENERAL SUPPORT |
Foreign Activities(Tax Year 2024)
Activities span Central America and the Caribbean.
Regions & Countries
| Region / Country | Activity | Expenditure |
|---|---|---|
| Central America and the Caribbean | — | — |
Filing History(Tax Years 2022–2024)
3 records
Showing the 3 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $9.5M | $5.2M | $53.7M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $46.4M | $2.1M | $48.5M |
| 2022 | 990-EZ | 2022-12-13 – 2022-12-31 | $0 | $0 | $0 |
Frequently Asked Questions
What does PGP Charitable Fund do?
PGP CHARITABLE FUND'S SOLE PURPOSE IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND/OR TO CARRY OUT THE PURPOSES OF GREATER HORIZONS, THE PGP CHARITABLE FUND'S SUPPORTED ORGANIZATION.
How much revenue does PGP Charitable Fund have?
PGP Charitable Fund reported $9,459,669 in total revenue for tax year 2024, down 79.6% from the prior year.
Who is the highest-paid executive at PGP Charitable Fund?
Meltem Demirors, Treasurer, received $0 in total compensation as of tax year 2024.
Is PGP Charitable Fund a 501(c)(3)?
Yes, PGP Charitable Fund is classified as a 501(c)(3) tax-exempt organization.
Where is PGP Charitable Fund located?
PGP Charitable Fund is headquartered in KANSAS CITY, MO 64105.
What type of nonprofit is PGP Charitable Fund?
PGP Charitable Fund is classified under NTEE code P11 (Single Organization Support), within the Human Services category. It is a 501(c)(3) tax-exempt organization.
Is PGP Charitable Fund audited?
Yes, PGP Charitable Fund's financial statements are audited, and the organization has an audit committee.
Does PGP Charitable Fund give grants?
Yes, PGP Charitable Fund distributed $5,000,000 in grants to other organizations and individuals in tax year 2024. Top recipients include Greater Horizons.
Does PGP Charitable Fund operate internationally?
Yes, PGP Charitable Fund conducts activities outside the United States. Activities span Central America and the Caribbean.
Data Source
Prepared by: Forvis Mazars LLP, Kansas City, MO
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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