William Lion Penzner Foundation
- Assets
- $9.3m
- Revenue
- $465.0k
- Investments
- $9.3m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 04/2000
- Data as of
- 12/2023
- EIN
- 33-0840613
Organization Overview
William Lion Penzner Foundation is located in Santa Barbara, CA. The organization was established in 2000. 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. William Lion Penzner 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 12/2023, William Lion Penzner Foundation generated $465.0k 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 (3.9%) each year. All expenses for the organization totaled $553.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, William Lion Penzner Foundation has awarded 21 individual grants totaling $1,255,930. 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 |
|---|---|---|---|
Johnathin A Iverson Treasurer | 40 | $50,656 | |
Cordell K Iverson Board Chairman | 40 | $95,883 | |
Dyanne C Iverson President | 40 | $95,883 | |
Cordell Iverson Jr Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $465,000 |
| Total Revenue | $465,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $242,422 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $16,206 |
| Interest | $0 |
| Taxes | $27,204 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,184 |
| Total operating and administrative expenses | $308,341 |
| Contributions, gifts, grants paid | $245,009 |
| Total expenses and disbursements | $553,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,546 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $3,125 |
| 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 | $5,000,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,298,341 |
| 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, William Lion Penzner Foundation has awarded $245,009 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FIREWORK FOUNDATION PURPOSE: MENTAL HEALTH | $10,000 |
CITY CHURCH OF VENTURA PURPOSE: MENTAL HEALTH | $10,000 |
ALZHEIMERS ASSOCIATION PURPOSE: MENTAL HEALTHASSISTING THE POOR AROUND THE WORLD | $10,250 |
MARY AND KEITH HUDSON MINISTRIES (ARISE) PURPOSE: WOMEN'S MENTAL HEALTH AND WELL-BEING | $55,500 |
RONA BARRET FOUNDATION PURPOSE: ASSISTING SENIORS IN NEED | $26,500 |
TURNER FOUNDATION PURPOSE: PROVIDING HOUSING IN COMMUNITY | $11,000 |