Pentagon Federal Credit Union Fdn Penfed Foundation
- Assets
- $5.1m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 54-2062271
Organization Overview
Pentagon Federal Credit Union Fdn Penfed Foundation is located in Alexandria, VA. The organization was established in 2002. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pentagon Federal Credit Union Fdn Penfed 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 12/2021, Pentagon Federal Credit Union Fdn Penfed Foundation generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 16.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
MILITARY HEROES - THE MILITARY HEROES PROGRAM PROVIDES TO ELIGIBLE APPLICANTS (SPECIFICALLY POST-9/11 COMBAT VETERANS) TEMPORARY EMERGENCY FINANCIAL ASSISTANCE FOR RENT, MORTGAGE, UTILITIES OR CAR PAYMENTS TO PREVENT A NEAR-TERM CHALLENGE FROM BECOMING A LIFE-CHANGING CRISIS. THE FOUNDATION ALSO SUPPORTS CAREGIVERS WITH CHILDCARE ASSISTANCE AND SHORT-TERM EDUCATIONAL EXPENSES.
DREAM MAKERS - THE DREAM MAKERS PROGRAM HELPS MILITARY AND VETERANS BY PROVIDING ASSISTANCE TOWARD DOWN PAYMENT AND CLOSING COSTS FOR THE PURCHASE OF A HOME.
VETERAN ENTREPRENEUR INVESTMENT PROGRAM - PROVIDE VETERAN-OWNED START UPS WITH SEED CAPITAL TO BUILD AND GROW THEIR BUSINESSES, CREATE A ROBUST NETWORK FOR VETERAN-OWNED BUSINESSES TO SUCCEED.
ALL OTHERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Deborah Lee James Chairwoman | OfficerTrustee | 2 | $0 |
Mr Fred B Caprio Vice Chair | OfficerTrustee | 1.5 | $0 |
Mrs Sandra Patricola Secretary/treasurer | OfficerTrustee | 1 | $0 |
Mr Edward B Cody Director | Trustee | 1 | $0 |
Mr Jim Dinegar Director | Trustee | 1 | $0 |
Mr Alfred Rudolph Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,461,356 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,461,356 |
| Total Program Service Revenue | $0 |
| Investment income | $36,003 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,203,430 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,700,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $74,060 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $572,650 |
| Advertising and promotion | $70,412 |
| Office expenses | $222,250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $90,998 |
| 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 | $403,706 |
| Total functional expenses | $4,113,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,438,124 |
| Savings and temporary cash investments | $579,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,161 |
| 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 | $147,505 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,957,763 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,129,099 |
| Accounts payable and accrued expenses | $173,373 |
| 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 | $6,926 |
| Total liabilities | $180,299 |
| Net assets without donor restrictions | $3,069,227 |
| Net assets with donor restrictions | $1,879,573 |
| 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 | $5,129,099 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pentagon Federal Credit Union Fdn Penfed Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Deluxe Corporation Foundation Cleveland, OH PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sandra And Leon Levine Jewish Community Center Inc Charlotte, NC | $17,990,606 | $9,977,571 |
Calleva Inc Poolesville, MD | $7,950,214 | $6,198,564 |
Camp Airy & Camp Louise Foundation Inc Baltimore, MD | $16,851,888 | $7,759,212 |
Jewish Camp And Conference Service Inc Rockville, MD | $15,388,915 | $6,681,183 |
Scott Appalachian Industries Huntsville, TN | $7,761,990 | $3,857,138 |
Pentagon Federal Credit Union Fdn Penfed Foundation Alexandria, VA | $5,129,099 | $6,700,789 |
Astd Certification Institute Alexandria, VA | $932,146 | $4,170,037 |
Campbell Foundation Germantown, TN | $12,386,633 | $3,259,184 |
Shrine Mont Inc Orkney Springs, VA | $13,034,285 | $3,039,198 |
Youth Camps For Christ Inc Littleton, NC | $11,397,795 | $2,483,610 |
Beachmont Inc Kingsville, MD | $2,308,247 | $2,050,211 |
Washington Campus Inc Washington, DC | $1,541,669 | $2,068,761 |