Pentecost Foundation
- Assets
- $69.3m
- Revenue
- $17.2m
- Investments
- $65.9m
- Employees
- 0
- Location
- Bradenton, FL
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 27-1471062
Organization Overview
Pentecost Foundation is located in Bradenton, FL. The organization was established in 2012. 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. Pentecost 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, Pentecost Foundation generated $17.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $11.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pentecost Foundation has awarded 112 individual grants totaling $84,543,558. 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 |
|---|---|---|---|
Mark Pentecost Trustee | 0.5 | $0 | |
Cindy Pentecost Trustee | 0.5 | $0 | |
Kindsey Pentecost Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,060,807 |
| Interest on Savings | $32,526 |
| Dividends & Interest | $1,165,703 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,972,666 |
| Capital Gain Net Income | $9,972,666 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,231,702 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $201,006 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $549,944 |
| Total operating and administrative expenses | $752,458 |
| Contributions, gifts, grants paid | $10,403,200 |
| Total expenses and disbursements | $11,155,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,354,354 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $69,256,009 |
| 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, Pentecost Foundation has awarded $10,403,200 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA FIRST POLICY INSTITUTE PURPOSE: COMMUNITY SUPPORT | $1,000,000 |
BRADENTON CHRISTIAN SCHOOL PURPOSE: COMMUNITY SUPPORT | $13,200 |
AMERICANS OF FAITH PURPOSE: RELIGIOUS SUPPORT | $200,000 |
CHILDREN'S CUP PURPOSE: COMMUNITY SUPPORT | $250,000 |
FREE CHAPEL GAINESVILLE PURPOSE: RELIGIOUS SUPPORT | $1,000,000 |
GREAT COMMISSION PARTNERS PURPOSE: RELIGIOUS SUPPORT | $40,000 |