North Penn Charitable Foundation
- Assets
- $274.5k
- Revenue
- $48.4k
- Investments
- $251.7k
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 06/2006
- Data as of
- 12/2023
- EIN
- 20-2308617
Organization Overview
North Penn Charitable Foundation is located in Wilmington, NC. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. North Penn Charitable 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 12/2023, North Penn Charitable Foundation generated $48.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $47.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, North Penn Charitable Foundation has awarded 75 individual grants totaling $163,310. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick L Hickman Director | 1 | $0 | |
Kevin Lamont Director | 1 | $0 | |
Bridget A Kennedy Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22 |
| Dividends & Interest | $25,724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,630 |
| Capital Gain Net Income | $22,630 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,376 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $944 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $805 |
| Total operating and administrative expenses | $2,599 |
| Contributions, gifts, grants paid | $44,950 |
| Total expenses and disbursements | $47,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,181 |
| Savings and temporary cash investments | $17,653 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $274,530 |
| 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, North Penn Charitable Foundation has awarded $44,450 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ABINGTON HEIGHTS STUDENT AID FUND PURPOSE: EDUCATION | $1,500 |
BOYSGIRLS CLUBS NEPA PURPOSE: COMMUNITY ASSISTANCE | $3,000 |
CAN DO COMMUNITY FOUNDATION PURPOSE: COMMUNITY ASSISTANCE | $1,100 |
CHRISTIAN AND TUCKER SCHIMELFENIG MEM PURPOSE: COMMUNITY ASSISTANCE | $2,000 |
CRADLE OF LIBERTY COUNCIL BOY SCOUTS OF AMERICA PURPOSE: COMMUNITY ASSISTANCE | $2,500 |
DAVE MATTEI FOUNDATION PURPOSE: COMMUNITY ASSISTANCE | $1,000 |