Doug Pensinger Photography Fund
- Assets
- $1.2m
- Revenue
- $52.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Golden, CO
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-1480638
Organization Overview
Doug Pensinger Photography Fund is located in Golden, CO. The organization was established in 2019. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Doug Pensinger Photography Fund 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, Doug Pensinger Photography Fund generated $52.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (63.9%) each year. All expenses for the organization totaled $66.6k during the year ending 12/2021. 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 DOUG PENSINGER PHOTOGRAPHY FUND (DPPF) SUPPORTS EMERGING SPORTS PHOTOGRAPHERS BY CREATING A COMMUNITY THAT DEVELOPS THEIR SKILL AND VISION. THROUGH AN ANNUAL OPEN CALL FOR SUBMISSIONS, PHOTOGRAPHERS ARE CHOSEN FOR GRANT AND MENTORSHIP OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DOUG PENSINGER PHOTOGRAPHY FUND (DPPF) SUPPORTS EMERGING SPORTS PHOTOGRAPHERS BY CREATING A COMMUNITY THAT DEVELOPS THEIR SKILL AND VISION. THROUGH AN ANNUAL OPEN CALL FOR SUBMISSIONS, PHOTOGRAPHERS ARE CHOSEN FOR GRANTS AND MENTORSHIP OPPORTUNITIES. IN 2021 THE DPPF SUPPORTED EIGHT YOUNG SPORTS PHOTOGRAPHERS WITH GRANTS FOR CAREER DEVELOPMENT. THERE WAS A FREE OPEN CALL FOR SUBMISSIONS, AND THE RECIPIENTS REPRESENTED THE TOP 3% OF THE COMPETITIVE APPLICATION FIELD. THE DPPF PROMOTED THE ACCEPTANCE OF ENTRIES FOR ITS SECOND ANNUAL GRANTS PROGRAM WITH EMAIL RECRUITMENT AND WEB/SOCIAL MEDIA PROMOTION. INDUSTRY LEADERS REPRESENTING MAJOR SPORTS PHOTOGRAPHY WIRE SERVICES AND PUBLICATIONS PROVIDED THE BASIS OF THE NETWORK FOR SPREADING THE WORD.
THREE TOP RECIPIENTS OF 2021 GRANTS ALSO RECEIVED YEAR-LONG MENTORSHIPS WITH THREE VOLUNTEER MEMBERS OF THE DPPF'S ADVISORY BOARD. THE 2020-2021 MENTORSHIPS ENDED IN SEPTEMBER 2021, AND THE 2021-2022 MENTORSHIPS BEGAN IN OCTOBER. MENTORS AND MENTEES COLLABORATE TO FORM A PERSONALIZED PLAN FOR THE MENTEES. THIS PLAN INCLUDES BUT IS NOT LIMITED TO: DEVELOPMENT OF A PERSONALIZED PHOTO PROJECT OR PHOTO STORY; STRUCTURING A MORE EFFICIENT WORK FLOW; PERFECTING PORTFOLIO, WEBSITE AND RESUME; NETWORKING AND INTRODUCTIONS TO OTHER ESTABLISHED PROFESSIONALS ON THE DPPF ADVISORY BOARD; INSTRUCTION ON EQUIPMENT OR TECHNICAL PHOTOGRAPHIC SKILLS; ASSISTANCE WITH THE ENTREPRENEURIAL ASPECTS OF THE INDUSTRY; ADVICE ON REAL WORK EXPERIENCE: ASSISTING JOBS, CREDENTIALS, AND LIVE EVENT COVERAGE.
COMMUNITY IS A CORE VALUE OF THE DPPF. ALTHOUGH THE PLANNED 2021 SPORTS PHOTOGRAPHY GATHERING WAS NOT HELD IN PERSON DUE TO THE RISING THREAT OF THE COVID-19 DELTA VARIANT, OUR ADVISORY BOARD PROFESSIONALS CONNECTED WITH THE 2020 AND 2021 GRANTEES VIRTUALLY ON SEPTEMBER 25, 2021. THE DAY'S OFFERINGS INCLUDED A GENERAL SESSION PANEL AND Q&A, BREAKOUT SESSIONS, AND A PRESENTATION BY THE GETTY SPORT TOKYO OLYMPICS TEAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bettyann Heppler President | Officer | 3 | $0 |
Kim Pensinger Witman Vice President And Treasurer | Officer | 5 | $0 |
Devan Pensinger Secretary | Officer | 3 | $0 |
Maureen Cavanagh Director | Trustee | 2 | $0 |
Ezra Shaw Director | Trustee | 2 | $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 | $541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $541 |
| Total Program Service Revenue | $0 |
| Investment income | $52,235 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $35,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,000 |
| 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 | $1,443 |
| Fees for services: Accounting | $682 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,762 |
| Fees for services: Other | $439 |
| Advertising and promotion | $3,882 |
| Office expenses | $0 |
| Information technology | $2,916 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,841 |
| 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 | $2,582 |
| All other expenses | $60 |
| Total functional expenses | $66,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,698 |
| Savings and temporary cash investments | $58,316 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $1,134,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,242,038 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,242,038 |
| Net assets with donor restrictions | $0 |
| 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 | $1,242,038 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Doug Pensinger Photography Fund has recieved totaling $350,000.
| Awarding Organization | Amount |
|---|---|
Gross Family Charitable Foundation Laguna Beach, CA PURPOSE: GENERAL DONATION | $350,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Springs Conservatory Foundation Colorado Springs, CO | $1,562,704 | $1,279,698 |
Band Of Angels Corp Overland Park, KS | $586,184 | $404,201 |
International School Of Hydrocarbon Measurement Inc Norman, OK | $321,813 | $326,852 |
West Valley Symphony Association Surprise, AZ | $1,828,749 | $239,357 |
Sawmill Center Inc Albuquerque, NM | $166,545 | $253,100 |
Doug Pensinger Photography Fund Golden, CO | $1,242,038 | $52,776 |
Lenora Jubilee Association Lenora, KS | $28,050 | $0 |
Lone Tree Arts Center Fund Lone Tree, CO | $60,398 | $0 |
Omaha Press Club Foundation Inc Omaha, NE | $856,672 | $75,363 |
Sunlight Peak Llc Centennial, CO | $63,827 | $0 |
Box Elder Museum Foundation Brigham City, UT | $126,067 | $0 |
Oea Awards Inc Omaha, NE | $4,354 | $0 |