Frank Pernell Foundation
- Assets
- $630.7k
- Revenue
- $142.1k
- Investments
- $620.2k
- Employees
- 0
- Location
- Lakewood, CO
- Founding
- 12/1988
- Data as of
- 12/2022
- EIN
- 84-1094246
Organization Overview
Frank Pernell Foundation is located in Lakewood, CO. The organization was established in 1988. 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. Frank Pernell 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, Frank Pernell Foundation generated $142.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $56.6k during the year ending 12/2022. While expenses have increased by 10.3% per year over the past 7 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.
Since 2016, Frank Pernell Foundation has awarded 91 individual grants totaling $285,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry M Cannon President | 0 | $0 | |
Margaret C Morrissey Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $72,194 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,934 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,984 |
| Capital Gain Net Income | $51,984 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $142,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,012 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,105 |
| Total operating and administrative expenses | $6,637 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $56,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,527 |
| Savings and temporary cash investments | $0 |
| 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 | $620,203 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $630,730 |
| 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, Frank Pernell Foundation has awarded $50,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO LEGAL SERVICES PURPOSE: PROVIDE HIGH QUALITY CIVIL LEGAL ASSISTANCE TO LOW-INCOME PERSONS THROUGHOUT THE STATE OF COLORADO. | $2,000 |
FOOD BANK OF THE ROCKIES PURPOSE: END HUNGER THROUGHOUT THE ROCKIES. | $1,000 |
DOCTORS WITHOUT BORDERS USA PURPOSE: TO PROVIDE MEDICAL RELIEF WORLDWIDE. | $3,000 |
GLOBAL CONNECTIONS PURPOSE: TO DEVELOP AND SCALE AFFORDABLE, WORLD CLASS MEDICAL TECHNOLOGY TO EVERY CORNER OF THE WORLD. | $2,000 |
HORIZONS AT COLORADO ACADEMY PURPOSE: TO PROVIDE CHILDREN LIVING AT OR BELOW PROVERTY LEVEL EVERY CHANCE TO THRIVE FROM PRE-KINDERGARDEN THROUGH HIGH SCHOOL GRADUATION. | $3,000 |
MICROFINANCING PARTNERS IN AFRICA PURPOSE: TO EMPOWER PEOPLE LIVING IN POVERTY TO LIFT THEMSELVES UP WITH DIGNITY. | $2,000 |