Pin Oak Foundation Inc
- Assets
- $5.4m
- Revenue
- $658.4k
- Investments
- $4.9m
- Employees
- 0
- Location
- Versailles, KY
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 83-0677718
Organization Overview
Pin Oak Foundation Inc is located in Versailles, KY. The organization was established in 2019. 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. Pin Oak 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 12/2022, Pin Oak Foundation Inc generated $658.4k in total revenue. All expenses for the organization totaled $244.0k during the year ending 12/2022. While expenses have increased by 49.3% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Backer Jr President | 0 | $0 | |
Teresa Damron Trustee | 0 | $0 | |
Sharon Naas Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $145,400 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $334,202 |
| Capital Gain Net Income | $334,202 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $178,789 |
| Total Revenue | $658,391 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,511 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,059 |
| Total operating and administrative expenses | $69,025 |
| Contributions, gifts, grants paid | $175,000 |
| Total expenses and disbursements | $244,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $489,041 |
| 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 | $11,234 |
| Total assets | $5,431,789 |
| 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, Pin Oak Foundation Inc has awarded $135,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CHRISTIAN FOUNDATION PURPOSE: PUBLIC CHARITY | $40,000 |
FAYETTE ALLIANCE FOUNDATION PURPOSE: PUBLIC CHARITY | $50,000 |
BLUEGRASS COMMUNITY FOUNDATION PURPOSE: PUBLIC CHARITY | $20,000 |
THE LEXINGTON SCHOOL PURPOSE: PUBLIC CHARITY | $25,000 |