Margen R Penick Charitable Tr Uw
- Assets
- $188.2k
- Revenue
- $23.4k
- Investments
- $183.3k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 22-6796523
Organization Overview
Margen R Penick Charitable Tr Uw is located in Washington, DC. The organization was established in 2001. 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. Margen R Penick Charitable Tr Uw 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, Margen R Penick Charitable Tr Uw generated $23.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $27.7k during the year ending 12/2021. While expenses have increased by 9.5% 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, Margen R Penick Charitable Tr Uw has awarded 45 individual grants totaling $117,200. 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 |
|---|---|---|---|
Julia Garry Trustee | 0 | $0 | |
Barksdale Penick Trustee | 0 | $0 | |
Elizabeth Romanaux Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,586 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,841 |
| Capital Gain Net Income | $15,841 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,427 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $230 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,746 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $27,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,966 |
| 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 | $183,281 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $188,247 |
| 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, Margen R Penick Charitable Tr Uw has awarded $24,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CATHEDRAL SCHOOL PURPOSE: GENERAL OPERATIONS | $6,000 |
Princeton, NJ PURPOSE: GENERAL OPERATIONS | $4,000 |
TRINITY CHURCH PURPOSE: GENERAL OPERATIONS | $2,000 |
MORVEN MUSEUM PURPOSE: GENERAL OPERATIONS | $2,000 |
Gates Mills, OH PURPOSE: GENERAL OPERATIONS | $2,000 |
Pennington, NJ PURPOSE: GENERAL OPERATIONS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charles T Bauer Charitable Foundation Baltimore, MD | $0 | $6,889,193 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Marriott Daughters Foundation Bethesda, MD | $79,408,936 | $2,865,441 |
Sylvan C Herman Foundation Inc Washington, DC | $0 | $6,659,474 |
Naomi And Nehemiah Cohen Foundation Virginia Corporation Bethesda, MD | $106,455,928 | $12,590,743 |
Philip E And Carole R Ratcliffe Foundation Inc Annapolis, MD | $79,583,237 | $1,732,443 |
Robert W Deutsch Foundation Inc Baltimore, MD | $100,203,455 | $8,883,703 |
Osprey Foundation Inc Towson, MD | $44,691,331 | $9,367,079 |
Cornell Douglas Foundation Inc Bethesda, MD | $57,870,904 | $7,716,389 |