Doug Pensinger Photography Fund
- Assets
- $2.1m
- Revenue
- $502.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Leadville, CO
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-1480638
Organization Overview
Doug Pensinger Photography Fund is located in Leadville, 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 12/2023, Doug Pensinger Photography Fund generated $502.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $83.3k during the year ending 12/2023. 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
2023
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. THE DPPF ALSO OFFERS PROFESSIONAL DEVELOPMENT SEMINARS, EDUCATIONAL EVENTS, AND CONNECTIONS TO KEY INDUSTRY INDIVIDUALS TO ITS GRANT RECIPIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS: IN 2023 THE DPPF SUPPORTED SEVEN ADDITIONAL YOUNG SPORTS PHOTOGRAPHERS WITH GRANTS FOR CAREER DEVELOPMENT. THERE WAS A FREE OPEN CALL FOR SUBMISSIONS, AND THE RECIPIENTS REPRESENTED THE TOP 2.3% OF THE COMPETITIVE APPLICATION FIELD. THE DPPF PROMOTED THE ACCEPTANCE OF ENTRIES FOR THIS FOURTH 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. GRANTS WERE USED BY THE RECIPIENTS TO FURTHER THEIR EMERGING CAREERS THROUGH PURCHASES OF CRITICAL EQUIPMENT AND DEFRAYING OF CAREER-RELATED TRAVEL. IN 2023, THE GRANTS INITIATIVE WAS EXPANDED THROUGH THE ADDITION OF THE DEVELOPMENT GRANTS (2 GRANTS) AND ALUMNI GRANTS (2 GRANTS) PROGRAMS.
PROFESSIONAL EDUCATION: DURING 2023, PLANS WERE FORMED FOR THE NEXT BIANNUAL SPORTS PHOTOGRAPHY GATHERING, WHICH WILL BE HELD IN SEPTEMBER 2024. DURING THIS OFF-YEAR FOR THE GATHERING EVENT, A NEW SERIES OF PROFESSIONAL EDUCATION WEBINARS WERE DEVELOPED AND IMPLEMENTED.
MENTORSHIPS: THREE TOP RECIPIENTS OF 2023 GRANTS ALSO RECEIVED YEAR-LONG MENTORSHIPS WITH THREE VOLUNTEER MEMBERS OF THE DPPF'S ADVISORY BOARD. THE 2022-2023 MENTORSHIPS ENDED IN SEPTEMBER, AND THE 2023-2024 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ezra Shaw Director | Trustee | 1 | $0 |
Maureen Cavanagh Director | Trustee | 1 | $0 |
Bettyann Heppler President | OfficerTrustee | 2 | $0 |
Kim Pensinger Witman Vice President And Treasurer | OfficerTrustee | 6 | $0 |
Devan Pensinger Secretary | OfficerTrustee | 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 | $500,259 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,259 |
| Total Program Service Revenue | $0 |
| Investment income | $59,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$56,705 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $502,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $27,500 |
| 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 | $7,805 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,538 |
| Fees for services: Other | $7,800 |
| Advertising and promotion | $270 |
| Office expenses | $714 |
| Information technology | $4,866 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,726 |
| All other expenses | $0 |
| Total functional expenses | $83,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,963 |
| Savings and temporary cash investments | $332,208 |
| 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 | $1,654,228 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,068,399 |
| Accounts payable and accrued expenses | $691 |
| 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 | $691 |
| Net assets without donor restrictions | $2,067,708 |
| 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 | $2,068,399 |
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