POLYWOGS CHARITIES INC

EIN: 461681461 501(c)(3) Philanthropy & Grantmaking

ST PETERSBURG, FL

Total Revenue
$441,668
Total Expenses
$332,379
Total Assets
$230,327
Net Assets
$230,327
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
FL
Principal Officer
JEFF PAONESSA
Phone
4106089624
Tax Period
2025-01-01 to 2025-12-31

POLYWOGS CHARITIES INC, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $442K in total revenue in fiscal year 2025. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $109K, a strong 25% operating margin.

Mission

TO RAISE FUNDS FOR CHILDREN'S CHARITIES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $361,056
Program Service Revenue $0
Investment Income $9,411
Other Revenue $71,201
TOTAL REVENUE $441,668

Expense Breakdown

Grants Paid $330,000
Salaries & Benefits $0
Fundraising Expenses $829
Program Expenses $330,000
Other Expenses $2,379
TOTAL EXPENSES $332,379

Year-over-Year Comparison

2025 2024 Change
Revenue $441,668 $308,555 +0.4%
Expenses $332,379 $241,926 +0.4%
Net Income $109,289 $66,629 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF PAONESSA PRESIDENT 2.00
Officer Director
$0 $0 $0
PHIL POWELL IMMED PAST P 2.00
Officer Director
$0 $0 $0
LEE MARTINO VICE PRESIDE 2.00
Officer Director
$0 $0 $0
MICHAEL PRICE TREASURER 2.00
Officer Director
$0 $0 $0
SCOTT ROBINSON SECRETARY 2.00
Officer Director
$0 $0 $0
DREW TOTH DIRECTOR 1.00
Director
$0 $0 $0
LENNY ENGLANDER DIRECTOR 1.00
Director
$0 $0 $0
KEITH BEGIN DIRECTOR 1.00
Director
$0 $0 $0
RUSTY MCCLELLAND DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL WYCKOFF DIRECTOR 1.00
Director
$0 $0 $0
JULIUS DAUKAS DIRECTOR 1.00
Director
$0 $0 $0
TIM FARRELL DIRECTOR 1.00
Director
$0 $0 $0
DAN SHIPMAN DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $441,668 $332,379 $230,327 $109,289
2024 No data No data No data No data
2023 $261,797 $210,821 $54,528 $50,976
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