Pennebaker Foundation Inc
- Assets
- $421.4k
- Revenue
- $7.9k
- Investments
- $0.0
- Employees
- 0
- Location
- New London, IA
- Founding
- 07/1986
- Data as of
- 12/2021
- EIN
- 42-1274235
Organization Overview
Pennebaker Foundation Inc is located in New London, IA. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Pennebaker Foundation Inc 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, Pennebaker Foundation Inc generated $7.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $22.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Pennebaker Foundation Inc has awarded 85 individual grants totaling $146,180. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW LONDON COMMUNITY SCHOOLS WAS AWARDED VARIOUS GRANTS TOTALING 3,931 TO ASSIST IN THE VARIOUS SCHOOL PROJECTS, SUPPLY NEEDS AND SUPPORT FOR STUDENT EDUCATION.
AWARDED 2,250 TO THE NEW LONDON JUNIOR BASEBALL ASSOC. FOR EQUIPMENT FOR THEIR YOUTH PROGRAMS. ITEMS LIKE PATTING CAGE NETS AND CATHCHERS EQUIPMENT WILL BE PURCHASED.
AWARDED 1,500 TO NEW LONDON FIRE & RESCUE TO PURCHASE AED EQUIPMENT AND TRAINING PROGRAM FOR FIRE AND EMS VOLUNTEERS. COVID-19 HAS MADE IN PERSON TRAINING DIFFICULT.
AWARDED 1,500 TO MT UNION TTT ORGANIZATION FOR THE SUPPORT OF HENRY COUNTY GIRLS ATTENDANCE OF SUMMER CAMP PROGRAMS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Nelson Sec And Trea | 1 | $0 | |
Matt Fitzpatrick Director | 1 | $0 | |
Ana Lair Director | 1 | $0 | |
Larry Van Syoc President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,899 |
| 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 | $0 |
| Total Revenue | $7,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $104 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17 |
| Total operating and administrative expenses | $1,071 |
| Contributions, gifts, grants paid | $21,731 |
| Total expenses and disbursements | $22,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,740 |
| Savings and temporary cash investments | $331,690 |
| 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 | $421,430 |
| 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, Pennebaker Foundation Inc has awarded $21,731 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
NEW LONDON COMMUNITY SCHOOLS PURPOSE: VARIOUS PROJECTS & SUPPLIES | $3,931 |
New London, IA PURPOSE: CATCHERS EQUIPMENT, BATTING CAGE NET | $2,000 |
NEW LONDON CHILD CARE CENTER PURPOSE: SHADE TREES FOR PLAY AREA | $1,500 |
NEW LONDON FIRE DEPARTMENT PURPOSE: AED EQUIPMENT | $1,500 |
MT UNION TTT PURPOSE: SUMMER CAMP FOR HENRY COUNTY GIRLS | $1,500 |
New London, IA PURPOSE: ANNUAL SERVICE STORM WINDOWS/PAINT | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |