Panonica Foundation
- Assets
- $4.5m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2021
- EIN
- 84-4266823
Organization Overview
Panonica Foundation is located in New York, NY. According to its NTEE Classification (R63) the organization is classified as: Censorship, Freedom of Speech & Press, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panonica Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Panonica Foundation generated $5.0m in total revenue. All expenses for the organization totaled $674.1k during the year ending 12/2021. While expenses have increased by 57.8% per year over the past 2 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 2020, Panonica Foundation has awarded 32 individual grants totaling $841,350. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE A MORE INFORMED PUBLIC BY SUPPORTING RESPONSIBLE JOURNALISM AND CIVIL RIGHTS LIBERTIES AND SOCIAL AND ECONOMIC JUSTICE FOR ALL IN THE U.S.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF INFORMED CITIZENRY & RESPONSIBLE JOURNALISM
PROMOTION AND PROTECTION OF CIVIL RIGHTS AND LIBERTIES SOCIAL AND ECONOMIC JUSTICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yoko Allen Vice President Treasurer | OfficerTrustee | 1 | $0 |
Bruce Allen President | OfficerTrustee | 1 | $0 |
Guy Molinari Secretary | Officer | 1 | $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 | $5,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $5,000,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $674,075 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $674,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,485,325 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,485,325 |
| 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 | $4,485,325 |
| 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 | $4,485,325 |
Grants Awarded
Over the last fiscal year, Panonica Foundation has awarded $641,350 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: to promote civil liberties | $123,500 |
Boston, MA PURPOSE: promote consumer fairness | $111,500 |
Yonkers, NY PURPOSE: support consumer safety | $105,750 |
Las Vegas, NV PURPOSE: support pet adoption | $100,600 |
Emeryville, CA PURPOSE: support independent investigative journalism | $43,000 |
New York, NY PURPOSE: support independent investigative journalism | $23,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Individual Rights And Expression Inc Philadelphia, PA | $43,920,299 | $37,125,569 |
Access Now New York, NY | $10,076,845 | $14,368,136 |
National Coalition Against Censorship Inc New York, NY | $1,171,328 | $1,181,088 |
Panonica Foundation New York, NY | $4,485,325 | $5,000,000 |
Dynaweb Foundation Middletown, NY | $674,805 | $3,879 |
New York State Newspapers Foundation Albany, NY | $1,031,087 | $102,342 |
The Deborah Project Inc Penn Valley, PA | $33,085 | $0 |
Hidden Choices Inc Greens Farms, CT | $56,912 | $0 |
Spiked US Inc Hoboken, NJ | $0 | $0 |
Committee To Support Chinese Lawyers Inc New York, NY | $16,156 | $0 |
Policy Vs Politics Inc Clinton, NJ | $69,652 | $0 |
Mlrc Institute New York, NY | $188,763 | $0 |