Nonprofit · EIN 82-2912570
P3 FOUNDATION INC
Tax-exempt · DENVER, CO 80230
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $39,643,717 | $29,633,130 | $10,010,587 | $1,308,256,747 | $1,326,999,822 | -$18,743,075 |
| December 31, 2023 | 990 | $16,090,838 | $16,143,759 | -$52,921 | $212,598,575 | $250,353,873 | -$37,755,298 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,850,000
- of which government grants
- $9,850,000
- Program service revenue
- $17,631,187
- Investment income
- $12,162,530
- Net gain from sales of assets
- -$62,849
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $102,500
- Compensation of officers, directors and key employees
- $791,702
- Other salaries and wages
- $1,249,115
- Salaries, compensation and benefits (total)
- $2,299,094
- Professional fundraising fees
- $0
- Legal fees
- $55,961
- Accounting fees
- $85,367
- Occupancy
- $4,746,323
- Depreciation
- $4,128,585
- Program services (functional)
- $25,798,292
- Management and general (functional)
- $3,834,838
Balance sheet and other
- Total assets, start of year
- $212,598,575
- Total assets, end of year
- $1,308,256,747
- Total liabilities, end of year
- $1,326,999,822
- Net assets, end of year
- -$18,743,075
- Land, buildings and equipment
- $147,067,230
- Publicly traded securities
- $820,537
- Net assets without donor restrictions
- -$18,743,075
- Gross receipts
- $40,447,566
- Employees
- 0
- Year formed
- 2017
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIM WYATT | EXECUTIVE DI Officer | 35 | $461,702 |
| GREG FAWCETT | SECRETARY Trustee or director, Officer | 15 | $300,000 |
| LOUISE WALLER | DIRECTOR Trustee or director | 10 | $30,000 |
| EVA HILL | DIRECTOR Trustee or director | – | $0 |
| ANDREW KITTLESON | DIRECTOR Trustee or director | – | $0 |
| JEFF KLEIN | PRESIDENT Trustee or director, Officer | – | $0 |
| JIM MOORE | TREASURER Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIM WYATT | EXECUTIVE DI Officer | 20 | $24,487 |
| GREG FAWCETT | SECRETARY Trustee or director, Officer | – | $0 |
| EVA HILL | DIRECTOR Trustee or director | – | $0 |
| ANDREW KITTLESON | DIRECTOR Trustee or director | – | $0 |
| JEFF KLEIN | PRESIDENT Trustee or director, Officer | – | $0 |
| JIM MOORE | TREASURER Trustee or director, Officer | – | $0 |
| LOUISE WALLER | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 200 QUEBEC ST BLDG 300-111, DENVER, CO 80230-7149
- Mailing address (990-N for 2018)
- 525 North Tyron Street Suite 1600, Charlotte NC 28202
- Principal officer (990 for 2024)
- KIM WYATT, 200 QUEBEC ST 300-111, DENVER, CO 80230
- Principal officer (990-N for 2018)
- Jeffrey Klein, 525 North Tyron Street Suite 1600, Charlotte NC 28202
- Signed the 990
- KIM WYATT, EXECUTIVE DIRECTOR
- Phone
- (972) 415-5348
- Return prepared by
- J BROCKLEHURST CPA PLLC
Mission
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.
Program accomplishments
- STUDENT HOUSING FACILITIES - LEASE AND MANAGEMENT OF STUDENT HOUSING CONSISTING OF RESIDENTIAL PROPERTIES LOCATED ON OR NEAR: 1)FRANKLIN & MARSHALL COLLEGE IN LANCASTER, PA, 2)CLAREMONT GRADUATE UNIVERSITY IN CLAREMONT, CA, 3)UNIVERSITY OF NEBRASKA IN LINCOLN, NE, AND 4) JOHNS HOPKINS UNIVERSITY SCHOOL OF MEDICINE IN BALTIMORE, MD.Expenses $21,212,268 · revenue $17,621,610
- CONSTRUCTION AND OPERATION OF SPORTS AND ENTERTAINMENT FACILITIES LOCATED IN VIRGINIA BEACH, VA. THE PROJECT INCLUDES THE CONSTRUCTION, DEVELOPMENT, EQUIPING, AND MAINTAINING A SURF PARK AND RELATED FACILITIES AS PART OF A LARGER, MIXED-USE PROJECT UNDER DEVELOPMENT BY THE CITY OF VIRGINIA BEACH, VA. EXCESS CASH FLOW FROM THE PROJECT WILL PRIMARILY BE DONATED TO LOCAL CHARITABLE ORGANIZATIONS.Expenses $4,355,582
- PROVIDING SERVICES, ACTIVITIES AND PROGRAMS DEDICATED TO FURTHERING COMMUNITY DEVELOPMENT, EDUCATION, AND LESSENING THE BURDENS OF GOVERNMENT.Expenses $230,442 · grants $102,500 · revenue $9,577
- OTHER PROJECTS IN CONSTRUCTION PHASE INCLUDE: HEALTHCARE: ACQUISITION AND CONSTRUCTION OF WELLNESS VILLAGE PROJECT HEALTH CARE FACILITY IN RIVERSIDE COUNTY,CA. THE PROJECT IS IN CONNECTION WITH THE RIVERSIDE UNIVERSITY HEALTH SYSTEM AND WILL OFFER OUTPATIENT AND RESIDENTIAL SERVICES FOR BEHAVIORAL HEALTH AND SUBSTANCE USE DISORDERS, PRIMARY HEALTHCARE, AND BEHAVIORAL HEALTH URGENT CARE. SENIOR LIVING: ACQUISITION AND CONSTRUCTION OF SENIOR LIVING FACILITY IN IRVINE, CA. THE PROJECT IS AN 8 STORY FACILITY OFFERING INDEPENDENT, ASSISTED LIVING, AND MEMORY CARE. CITY DEVELOPMENT PROJECT: CONSTRUCTION OF A STATE-OF-THE-ART WORKFORCE DEVELOPMENT CENTER IN BALTIMORE, MD THAT WILL BE HOME TO THE MAYOR'S OFFICE OF EMPLOYMENT DEVELOPMENT.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-2912570
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $1,308,256,747
- Income (IRS master file)
- $40,447,566
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $39,643,717 | $29,633,130 | $1,308,256,747 | XML |
| 990 | December 2023 | $16,090,838 | $16,143,759 | $212,598,575 | XML |
| 990 | December 2022 | $10,891,827 | $14,280,861 | $106,595,603 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Jeffrey Klein | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-2912570).
Questions about P3 FOUNDATION INC
- What is the EIN of P3 FOUNDATION INC?
- The employer identification number (EIN) of P3 FOUNDATION INC is 82-2912570.
- Is P3 FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to P3 FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does P3 FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of P3 FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did P3 FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of P3 FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names KIM WYATT.
- Who are the officers and directors of P3 FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 3 received compensation from the organization, the highest $461,702 (KIM WYATT, EXECUTIVE DI).
- How much revenue does P3 FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $39,643,717, expenses of $29,633,130 and total assets of $1,308,256,747 at year end.
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