Pek Foundation Inc
- Assets
- $2.8m
- Revenue
- $212.5k
- Investments
- $2.5m
- Employees
- 0
- Location
- Florence, SC
- Founding
- 01/1987
- Data as of
- 09/2023
- EIN
- 57-0808264
Organization Overview
Pek Foundation Inc is located in Florence, SC. The organization was established in 1987. 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. Pek 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 09/2023, Pek Foundation Inc generated $212.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $249.0k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Pek Foundation Inc has awarded 14 individual grants totaling $152,740. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAYCARE CENTER, HOMEWORK CENTER, RECREATIONAL PROGRAMS, AND SPIRITUAL DIRECTION FOR UNDERPRIVILEDGED AND DISADVANTAGED CHILDREN. LIMITED TEMPORARY HOUSING FOR TROUBLED GIRLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Charles Board Chairman | 4 | $8,250 | |
Margaret K Charles Secretary | 1 | $29,500 | |
Peter Key Treasurer | 1 | $29,500 | |
Sims Key Vice Chairman | 1 | $5,500 | |
Marilyn Key Board Member | 1 | $60,460 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,530 |
| Interest on Savings | $73 |
| Dividends & Interest | $135,729 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,162 |
| Capital Gain Net Income | $60,162 |
| Net ST Capital Gain | $4,090 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $212,494 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $133,210 |
| Other employee salaries and wages | $30,200 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,405 |
| Depreciation | $7,297 |
| Occupancy | $16,035 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,403 |
| Total operating and administrative expenses | $244,475 |
| Contributions, gifts, grants paid | $4,500 |
| Total expenses and disbursements | $248,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,697 |
| Net Accounts receivable | $265 |
| 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 | $2,527,362 |
| Net Land, buildings, and equipment | $222,309 |
| Other assets | $0 |
| Total assets | $2,760,633 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $6,717 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $301 |
| Total liabilities | $7,018 |
Grants Awarded
Over the last fiscal year, Pek Foundation Inc has awarded $25,740 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ONE CHILD AT A TIME PURPOSE: EDUCATES CHILDREN WITH LEARNING DIFFICULTIES BY APPLYING ACADEMIC COMPONENTS OF READING, MATH AND WRITING TO EQUIP CHILDREN WITH TOOLS THAT ESTABLISH LIFE-LONG LEARNING WHILE BUILDING COMPETENCE AND CONFIDENCE. | $12,000 |
HELPING FLORENCE FLOURISH PURPOSE: TO UNITED AND IGNITE THE CHURCH TO LOVE AND BLESS FLORENCE COUNTY AND BEYOND. WORKING TOWARD A VISIBLE DEMONSTRATION OF THE UNITY OF CHRIST'S BODY TO BLESS ALL WHO COME ACROSS OUR PATH. ACTIVELY ENGAGING CHURCH LEADERS TO ENTER INTO DIALOG WITH CITY LEADERS ABOUT CRITICAL ISSUES. TO HELP BELIEVERS AND THEIR CONGREGATIONS PREPARE FOR KINGDOM WORK BY STUDY OF EXPERT ORGANIZATIONS AND AGENCIES TO ACCOMPLISH CHANGE AND MEET NEEDS. EMPOWERING THE CHURCH TO BE THE GREATES CONTRIBUTOR TO HUMAN FLOURISHING IN OUR CITY. | $2,240 |
MERCY MEDICINE FREE CLINIC PURPOSE: USING JUDEO-CHRISTIAN VALUES OF LOVE, FAITH, COMPASSION AND INTEGRITY, MERCY MEDICINE FREE CLINIC'S MISSION IS TO PROVIDE A FREE MEDICAL AND DENTAL HOME FOR LOW-INCOME, UNINSURED ADULTS, THE WORKING POOR AND HOMELESS ADULTS LIVING IN FLORENCE, MARION, DARLINGTON, AND WILLIAMSBURG COUNTIES. | $5,000 |
STRONG TOWER CHRISTIAN CHURCH PURPOSE: AFRICAN AMERICAN CHURCH ESTABLISHED IN A CRITICAL HIGH RISK AREA. | $6,500 |