Penuel Inc
- Assets
- $1.9m
- Revenue
- $386.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Ironton, MO
- Founding
- 05/1974
- Data as of
- 12/2021
- EIN
- 23-7318998
Organization Overview
Penuel Inc is located in Ironton, MO. The organization was established in 1974. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Penuel Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penuel Inc 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, Penuel Inc generated $386.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $476.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INNER CITY AND DISADVANTAGED CHILDREN ARE GIVEN A CHANCE TO EXPERIENCE CAMPING AND OUTDOOR ACTIVITIES COUPLED WITH CHRISTIAN EDUCATION AT NO COST TO THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INNER CITY AND DISADVANTAGED CHILDREN ARE GIVEN A CHANCE TO EXPERIENCE CAMPING AND OUTDOOR ACTIVITIES COUPLED WITH CHRISTIAN INSTRUCTION AT NO COST TO THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Booth Jr Officer | 40 | $65,160 | |
Dave Stuehmeyer Vice President | Trustee | 25 | $3,155 |
Deborah Joy Booth President | OfficerTrustee | 20 | $962 |
Ronald Steele Director | Trustee | 0.25 | $0 |
Gary Matheny Director | Trustee | 0.25 | $0 |
Rev Van Lees Treasurer | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,380 |
| Investment income | $102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,572 |
| Net Gain/Loss on Asset Sales | -$26,122 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $386,932 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,810 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,088 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,314 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,737 |
| Insurance | $19,176 |
| All other expenses | $0 |
| Total functional expenses | $475,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,701 |
| Savings and temporary cash investments | $158,090 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $503 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,855,686 |
| Accounts payable and accrued expenses | $2,027 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $160,438 |
| Total liabilities | $162,465 |
| Net assets without donor restrictions | $1,688,115 |
| Net assets with donor restrictions | $5,106 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,693,221 |