Pennell Family Foundation
- Assets
- $12.7m
- Revenue
- $1.3m
- Investments
- $11.4m
- Employees
- 0
- Location
- Greenville, SC
- Founding
- Data as of
- 12/2022
- EIN
- 83-4694955
Organization Overview
Pennell Family Foundation is located in Greenville, SC. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Pennell Family 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 12/2022, Pennell Family Foundation generated $1.3m in total revenue.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard H Pennell Jr Chairperson | 1 | $0 | |
Nancy N Pennell Trustee | 1 | $0 | |
Allen N Pennell Albergotti Trustee | 1 | $0 | |
Richard H Pennell III Trustee | 1 | $0 | |
James D Pennell Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $169,142 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,132,498 |
| Capital Gain Net Income | $1,132,498 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,299 |
| Total Revenue | $1,306,939 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,560 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $648 |
| Total operating and administrative expenses | $105,051 |
| Contributions, gifts, grants paid | $183,333 |
| Total expenses and disbursements | $288,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,240,538 |
| 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 | $6,220,855 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,654,554 |
| 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, Pennell Family Foundation has awarded $183,333 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE KISNER FOUNDATION PURPOSE: GENERAL SUPPORT | $33,333 |
YMCA OF GREENVILLE PURPOSE: GENERAL SUPPORT | $150,000 |