1st And 10 Foundation
- Assets
- $1.1m
- Revenue
- $90.0k
- Investments
- $932.5k
- Employees
- 0
- Location
- Independence, OH
- Founding
- 08/2004
- Data as of
- 12/2021
- EIN
- 20-0787954
Organization Overview
1st And 10 Foundation is located in Independence, OH. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1st And 10 Foundation 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 12/2021, 1st And 10 Foundation generated $90.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $80.8k during the year ending 12/2021. While expenses have increased by 14.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, 1st And 10 Foundation has awarded 16 individual grants totaling $223,625. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLIDAY PARTIES SPONSORED FOR CHILDREN INVOLVED WITH ORGANIZATIONS THAT PROVIDE THE NECESSARY LEADERSHIP AND GROWTH OPPORTUNITIES FOR UNDERSERVED YOUTH AT RISK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James C Pennington President/trustee | 5 | $0 | |
Andrea Pennington Secretary | 1 | $0 | |
Mary Robin Pennington Vp/treas/trustee | 5 | $0 | |
Stephanie Lafauci Asst. Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000 |
| Interest on Savings | $21 |
| Dividends & Interest | $33,722 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,292 |
| Capital Gain Net Income | $53,292 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,035 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $441 |
| Total operating and administrative expenses | $10,798 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $80,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $189,020 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $932,460 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,121,480 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, 1st And 10 Foundation has awarded $70,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: GENERAL SUPPORT | $60,000 |
CAMPBELL COUNTY YOUTH FOOTBALL AND CHEERLEADING PURPOSE: GENERAL SUPPORT | $5,000 |
PIONEER FOOTBALL CLUB PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |
American Friends Of Kohelet Policy Forum Philadelphia, PA | $260,078 | $121,500 |
Travis Manion Foundation Doylestown, PA | $7,247,874 | $9,161,709 |
Capital For Good Usa Paoli, PA | $43,024,073 | $25,450,338 |
Licking County Foundation Newark, OH | $148,770,755 | $12,459,784 |
Poise Foundation Pittsburgh, PA | $17,239,498 | $10,674,894 |
Detroit Childrens Fund Detroit, MI | $4,764,612 | $6,678,705 |