Penn National Gaming Foundation
- Assets
- $813.4k
- Revenue
- $371.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Wyomissing, PA
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 20-3477997
Organization Overview
Penn National Gaming Foundation is located in Wyomissing, PA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Penn National Gaming 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, Penn National Gaming Foundation generated $371.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Penn National Gaming Foundation has awarded 213 individual grants totaling $4,217,912. 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
SUPPORT OF LOCAL NON-PROFIT ORGANIZATIONS IN THE COMMUNITIES IN WHICH PENN ENTERTAINMENT OPERATES, FOCUSING ON PROJECTS THAT PROMOTE COMMUNITY DEVELOPMENT, EDUCATION, HUMAN SERVICES, CULTURAL AFFAIRS AND DIVERSITY, AND HEALTH SERVICES.
DISASTER RELIEF PROGRAM TO PROVIDE GRANTS FOR IMMEDIATE NEEDS SUCH AS FOOD, SHELTER AND CLOSING, TO EMPLOYEES IN QUALIFIED PRESIDENTIALLY-DECLARED DISASTER AREAS WHO WERE AFFECTED BY COVID 19 AND HURRICANE LAURA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Rosenthal Director | 1 | $0 | |
Amanda Garber Executive Director | 10 | $0 | |
Harper Ko Director | 1 | $0 | |
Christine Labombard Treasurer | 1 | $0 | |
Erin Chamberlin Director | 1 | $0 | |
Justin Carter Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $371,695 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $371,695 |
| 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 | $1,515 |
| Total operating and administrative expenses | $1,515 |
| Contributions, gifts, grants paid | $1,951,595 |
| Total expenses and disbursements | $1,953,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $813,404 |
| Savings and temporary cash investments | $0 |
| 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 | $813,404 |
| Accounts payable and accrued expenses | $116,170 |
| 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 | $116,170 |
Grants Awarded
Over the last fiscal year, Penn National Gaming Foundation has awarded $1,951,595 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
EMPLOYEES OF PENN ENTERTAINMENT INC PURPOSE: COVID RELIEF | $1,228,528 |
EMPLOYEES OF PENN ENTERTAINMENT INC PURPOSE: RELIEF FOR LAKE CHARLES AND REMOTE EMPLOYEES AFFECTED BY HURRICANE LAURA AND HURRICANE IDA | $276,537 |
Detroit, MI PURPOSE: CONTRIBUTIONS FROM GREEKTOWN CHARITY GOLF TOURNAMENT | $58,377 |
Southfield, MI PURPOSE: CONTRIBUTIONS FROM GREEKTOWN CHARITY GOLF TOURNAMENT | $58,377 |
Detroit, MI PURPOSE: CONTRIBUTIONS FROM GREEKTOWN CHARITY GOLF TOURNAMENT | $58,376 |
PENN STATE HERSHEY MEDICAL CENTER PURPOSE: CHARITABLE | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Penn National Gaming Foundation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Grosevnor Foundation Inc Miami, FL PURPOSE: PROMOTE COMMUNITY DEVELOPMENT, EDUCATION , HUMAN & HEALTH SERVICES | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |