Penrod Society
- Assets
- $821.1k
- Revenue
- $188.3k
- Investments
- $432.1k
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 03/1968
- Data as of
- 12/2020
- EIN
- 35-6069479
Organization Overview
Penrod Society is located in Indianapolis, IN. The organization was established in 1968. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Penrod Society 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 12/2020, Penrod Society generated $188.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $222.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT CULTURAL AND EDUCATION ACTIVITIES IN CENTRAL INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORS AND STAGES AN ANNUAL ARTS FAIR. THE EVENT PROVIDES FUNDS TO LOCAL NOT-FOR-PROFIT ORGANIZATIONS AND HELPS PROMOTE AND SUPPORT THE ARTS IN CENTRAL INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Rogers Secretary | OfficerTrustee | 1 | $0 |
Ryan Evans Vice President - Arts Fair | OfficerTrustee | 15 | $0 |
Dan Lechleiter Board Member | OfficerTrustee | 1 | $0 |
Tim Haley President | OfficerTrustee | 1 | $0 |
Joe Hawkins Board Member | OfficerTrustee | 1 | $0 |
Matt Gadus Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,217 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,817 |
| Total Program Service Revenue | $51,737 |
| Investment income | $10,769 |
| 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 | $188,343 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,000 |
| 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. | $0 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $626 |
| Fees for services: Accounting | $5,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,500 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,691 |
| Information technology | $1,181 |
| 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 | $0 |
| Total functional expenses | $222,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,458 |
| Savings and temporary cash investments | $142,760 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,780 |
| 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 | $432,054 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,050 |
| Total assets | $821,102 |
| Accounts payable and accrued expenses | $125,000 |
| 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 | $0 |
| Total liabilities | $125,000 |
| Net assets without donor restrictions | $696,102 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $821,102 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Penrod Society has recieved totaling $6,750.
| Awarding Organization | Amount |
|---|---|
Met Foundation Inc Indianapolis, IN PURPOSE: GENERAL OPERATIONS | $5,000 |
White Oak Foundation Inc Indianapolis, IN PURPOSE: GENERAL | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Architecture Foundation Chicago, IL | $18,456,323 | $14,699,492 |
Fenestration And Glazing Industry Alliance Schaumburg, IL | $6,384,205 | $4,966,632 |
Fibre Box Association Itasca, IL | $1,560,987 | $3,611,412 |
Hyde Park Art Center Chicago, IL | $13,112,741 | $7,741,893 |
Master Craftsmen Foundation Kansas City, MO | $0 | $269 |
Arts Club Of Chicago Chicago, IL | $22,777,301 | $152,339 |
Graham Foundation For Advanced Studies In The Fine Arts Chicago, IL | $0 | $687,158 |
Laumeier Sculpture Park St Louis, MO | $5,586,221 | $2,296,143 |
Craft Alliance St Louis, MO | $3,775,459 | $2,483,894 |
Lillian Florsheim Foundation for Fine Arts Chicago, IL | $0 | $525,901 |
Intuit The Center For Intuitive And Outside Art Chicago, IL | $2,150,549 | $1,698,097 |
Painting & Decorating Contractors Of America Maryland Heights, MO | $1,053,782 | $1,259,349 |