Pen Faulkner
- Assets
- $502.7k
- Revenue
- $682.5k
- Investments
- $346.5k
- Employees
- 6
- Location
- Washington, DC
- Founding
- 01/1988
- Data as of
- 06/2021
- EIN
- 52-1431622
Organization Overview
Pen Faulkner is located in Washington, DC. The organization was established in 1988. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Pen Faulkner employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pen Faulkner 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 06/2021, Pen Faulkner generated $682.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $608.6k during the year ending 06/2021. 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 PEN/FAULKNER FOUNDATION CELEBRATES LITERATURE AND FOSTERS CONNECTIONS BETWEEN READERS AND WRITERS TO ENRICH AND INSPIRE INDIVIDUALS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEN/FAULKNER'S EDUCATION PROGRAMS PROVIDE FREE BOOKS, AUTHOR VISITS, AND WRITING INSTRUCTION FOR STUDENTS IN GRADES 3-12 WHO ATTEND TITLE I SCHOOLS IN WASHINGTON, DC. IN FY21, WE SERVED 4,007 STUDENTS AND 59 EDUCATORS AT 41 DIFFERENT SCHOOLS. THE GOAL OF OUR PROGRAMS IS TO INSPIRE THE NEXT GENERATION OF READERS AND WRITERS.
PEN/FAULKNER'S LITERARY PROGRAMS BRING DISTINGUISHED AUTHORS INTO CONVERSATION BOTH WITH EACH OTHER AND WITH DIVERSE AUDIENCES ABOUT MATTERS OF URGENT PUBLIC INTEREST. OUR AWARDS PROGRAMS HONOR SIGNIFICANT LITERARY ACHIEVEMENTS. THE PEN/FAULKNER AWARED IS UNIQUE AMONG LITERARY PRIZES FOR BEING JURIED SOLELY BY WRITERS. THE PEN/MALAMUD AWARD RECOGNIZES WRITERS OF SHORT FICTION PEN/FAULKNER'S LITERARY CHAMPION COMMENDATION HONORS A LIFETIME OF DEVOTED LITERARY ADVOCACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwydion Suilebhan Executive Dir. | Officer | 40 | $90,772 |
Susan Coll President | OfficerTrustee | 1 | $0 |
Mary Haft Vice President | OfficerTrustee | 10 | $0 |
Bethanne Patrick Vice President | OfficerTrustee | 10 | $0 |
Willee Lewis Vice President | OfficerTrustee | 10 | $0 |
Thomas Lloyd Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,128 |
| All other contributions, gifts, grants, and similar amounts not included above | $553,045 |
| Noncash contributions included in lines 1a–1f | $4,113 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $618,173 |
| Total Program Service Revenue | $0 |
| Investment income | $2,392 |
| 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 | $963 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $682,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $65,749 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,415 |
| Compensation of current officers, directors, key employees. | $15,812 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,800 |
| Pension plan accruals and contributions | $1 |
| Other employee benefits | $13,468 |
| Payroll taxes | $25,236 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $350 |
| Fees for services: Other | $46,480 |
| Advertising and promotion | $5,342 |
| Office expenses | $5,470 |
| Information technology | $185 |
| Royalties | $0 |
| Occupancy | $9,563 |
| Travel | $30 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,572 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,150 |
| Insurance | $5,146 |
| All other expenses | $0 |
| Total functional expenses | $608,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,279 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,718 |
| 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 | $4,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $346,478 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $502,723 |
| Accounts payable and accrued expenses | $8,076 |
| 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 | $61,000 |
| Other liabilities | $22,211 |
| Total liabilities | $91,287 |
| Net assets without donor restrictions | $343,058 |
| Net assets with donor restrictions | $68,378 |
| 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 | $502,723 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Pen Faulkner has recieved totaling $102,250.
| Awarding Organization | Amount |
|---|---|
Morris And Gwendolyn Cafritz Foundation Washington, DC PURPOSE: ARTS & HUMANITIES | $25,000 |
Scottish Rite Foundation Of The District Of Columbia Inc Washington, DC PURPOSE: GENERAL SUPPORT | $25,000 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $15,000 |
National Book Foundation Inc New York, NY PURPOSE: LITERARY ARTS EMERGENCY FUND GRANT | $15,000 |
Find Your Light Foundation Los Angeles, CA PURPOSE: TO PROVIDE A VITAL SERVICE TO THE UNDERSERVED POPULATION THROUGH ARTS EDUCATION PROGRAMS | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $9,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Retail Industry Leaders Association Inc Washington, DC | $12,257,205 | $15,486,853 |
Center For Applied Linguistics Washington, DC | $9,420,510 | $10,701,396 |
Barbara Bush Foundation For Family Literacy Inc Washington, DC | $30,746,734 | $7,662,955 |
New Civil Liberties Alliance Washington, DC | $4,877,448 | $3,912,261 |
Humanity First Usa Silver Spring, MD | $4,268,459 | $5,114,185 |
Maryland Humanities Council Inc Baltimore, MD | $2,602,498 | $3,083,306 |
Ripon Society Inc Washington, DC | $17,655,909 | $3,657,728 |
American Helicopter Society International Inc Fairfax, VA | $2,304,770 | $2,233,027 |
Glass Packaging Institute Arlington, VA | $1,054,008 | $1,926,864 |
Ethics Resource Center Inc Vienna, VA | $3,189,792 | $2,796,560 |
Fed Of State Humanities Councils Arlington, VA | $1,672,955 | $1,107,693 |
National Association Of Federally Impacted Schools Washington, DC | $1,850,853 | $1,094,751 |