Pennwick Foundation
- Assets
- $9.3m
- Revenue
- $354.4k
- Investments
- $92.8k
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2009
- Data as of
- 11/2023
- EIN
- 26-3815138
Organization Overview
Pennwick Foundation is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennwick 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 11/2023, Pennwick Foundation generated $354.4k in total revenue. All expenses for the organization totaled $190.3k during the year ending 11/2023. While expenses have increased by 20.0% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION AND STORAGE OF PHOTOGRAPHIC PRINTS AND PLANNING FOR EXHIBITIONS AND SHOWINGS IN MUSEUMS.
PRODUCTION OF NOT FOR PROFIT FILM FOR CHARITABLE PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Penn Trustee | 0.1 | $0 | |
Arthur S Penn Trustee | 2 | $0 | |
Dee Ito Arisman Trustee | 1 | $0 | |
Lyndon Tretter Trustee | 1 | $1,000 | |
Marilyn Penn Trustee | 0.25 | $0 | |
William Meyers Trustee | 1 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $87,856 |
| Interest on Savings | $79 |
| Dividends & Interest | $11,355 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $255,114 |
| Capital Gain Net Income | $255,114 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $354,404 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,074 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $156,253 |
| Total operating and administrative expenses | $190,327 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $190,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,532 |
| Savings and temporary cash investments | $254,446 |
| 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 | $25,917 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,918,295 |
| Total assets | $9,326,040 |
| 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 |