The Penates Foundation
- Assets
- $22.2m
- Revenue
- $8.3m
- Investments
- $22.0m
- Employees
- 0
- Location
- Hampton, NH
- Founding
- 08/1984
- Data as of
- 12/2022
- EIN
- 22-2536075
Organization Overview
The Penates Foundation is located in Hampton, NH. The organization was established in 1984. 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. Penates 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 12/2022, Penates Foundation generated $8.3m in total revenue. All expenses for the organization totaled $199.1k during the year ending 12/2022.
Since 2016, Penates Foundation has awarded 393 individual grants totaling $4,771,540. 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 |
|---|---|---|---|
Paul M Montrone See Note Director | 3 | $0 | |
Angelo M Montrone Director | 1 | $0 | |
Anthony Dinovi Director | 1 | $0 | |
Fred Seigel Director | 1 | $0 | |
Sandra G Montrone President/dir. | 3 | $0 | |
Michele M Cogan See Note Vice President/director | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Liberty Lane Service Co | 6/29/16 | $75,500 |
Bayberry Financial Services Corp | 6/29/16 | $75,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,088,251 |
| Interest on Savings | $0 |
| Dividends & Interest | $243,673 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$985,420 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $69 |
| Total Revenue | $8,346,573 |
| 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 | $6,427 |
| Total operating and administrative expenses | $132,672 |
| Contributions, gifts, grants paid | $66,425 |
| Total expenses and disbursements | $199,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,053 |
| 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 | $13,153 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $22,049,161 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,188,367 |
| Accounts payable and accrued expenses | $58,874 |
| 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 | $58,874 |
Grants Awarded
Over the last fiscal year, The Penates Foundation has awarded $66,425 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP HARBOR VIEW FOUNDATION PURPOSE: CIVIC & COMMUNITY | $25,000 |
METROPOLITAN OPERA GUILD PURPOSE: ARTS & CULTURE | $3,000 |
NEW CANAAN COUNTRY SCHOOL PURPOSE: EDUCATION | $2,500 |
LIVE FREE OR DIE ALLIANCE PURPOSE: CIVIC/COMMUNITY | $20,000 |
WRIGHT MUSEUM PURPOSE: EDUCATION/HISTORY | $5,000 |
ST VINCENT DE PAUL OF HAMPTON PURPOSE: RELIGIOUS AND COMMUNITY | $5,000 |