Penedo Charitable Organization
- Assets
- $14.5k
- Revenue
- $39.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 26-4036381
Organization Overview
Penedo Charitable Organization is located in Chicago, IL. The organization was established in 2009. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penedo Charitable Organization 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, Penedo Charitable Organization generated $39.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $76.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 7 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
THE MISSION OF THE PENEDO CHARITABLE ORGANIZATION IS TO EDUCATE GIRLS TO BECOME WOMEN OF KNOWLEDGE, WOMEN OF SERVICE AND WOMEN OF FAITH. THE ORGANIZATION WILL DO THIS BY IDENTIFYING AT-RISK MIDDLE SCHOOL GIRLS AND GUIDING THEM THROUGH A MENTORING SEQUENCE THAT PROVIDES THEM WITH SUSTAINED TUTORING, RESOURCES AND FINANCIAL SUPPORT TO A SELECTED COLLEGE, UNIVERSITY OR VOCATIONAL EDUCATION PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PCO PROVIDES ACADEMIC, SOCIAL, EMOTIONAL, AND MENTORING SUPPORT TO AT-RISK GIRLS IN CHICAGO'S EDGEWATER COMMUNITY. THE ORGANIZATION CURRENTLY SERVICES 15 YOUNG WOMEN AFTER SCHOOL MONDAY THROUGH THURSDAY AND SATURDAYS THROUGHOUT THE SCHOOL YEAR. SUMMER SESSIONS ARE EXTENDED TO PARTICIPANTS FOR A SIX-WEEK PERIOD FOCUSING ON TRANSITIONING TO UPPER GRADES, LEADERSHIP SKILLS, AND POSITIVE DECISION MAKING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Onelia J Berringer Executive Director | Trustee | 48 | $30,000 |
Eleni Hountalas Vice Chair | Officer | 0 | $0 |
Jerry Nolan Treasurer | Officer | 0 | $0 |
Sunny Penedo Chico Chair | Officer | 0 | $0 |
Amy Nunes Secretary | Officer | 0 | $0 |
Cheryl Maletich Co-Chair | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,189 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,189 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| 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. | $30,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,964 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,800 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,017 |
| Advertising and promotion | $0 |
| Office expenses | $221 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $1,318 |
| Total functional expenses | $76,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,460 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,460 |
| Accounts payable and accrued expenses | $0 |
| 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 | $5,520 |
| Total liabilities | $5,520 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $8,940 |
| Total liabilities and net assets/fund balances | $14,460 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Penedo Charitable Organization has recieved totaling $2,928.
| Awarding Organization | Amount |
|---|---|
James M Ragen Jr Memorial Fund Trust Milwaukee, WI PURPOSE: GENERAL OPERATING | $2,928 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Jag Inc Des Moines, IA | $8,216,251 | $8,843,429 |
Braven Incorporated Chicago, IL | $18,157,055 | $13,085,158 |
Gary Comer Youth Center Chicago, IL | $1,153,650 | $6,433,696 |
Boys And Girls Club Of Dane County Inc Madison, WI | $16,863,189 | $11,374,930 |
Life Promotions Inc Appleton, WI | $2,405,715 | $5,603,353 |
Bernies Book Bank Lake Bluff, IL | $3,547,957 | $4,899,035 |
Kingdom House St Louis, MO | $3,626,338 | $5,069,438 |
Gateway Woods Family Services Inc Leo, IN | $1,086,644 | $4,316,744 |
Fishers Soccer Club Inc Noblesville, IN | $3,814,503 | $3,510,504 |
Embarc Inc Chicago, IL | $4,540,107 | $3,839,352 |
A Million Stars Inc St Louis, MO | $6,740,657 | $2,484,208 |
Horizons For Youth Chicago, IL | $2,942,053 | $2,593,417 |