P E N N
- Assets
- $1.2m
- Revenue
- $500.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Cranford, NJ
- Founding
- Data as of
- 12/2022
- EIN
- 86-1563134
Organization Overview
P E N N is located in Cranford, NJ. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. P E N N 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, P E N N generated $500.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (29.3%) each year. All expenses for the organization totaled $149.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, P E N N has awarded 14 individual grants totaling $234,213. 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
PROVIDE FOOD, CLOTHING, & EARLY CHILDHOOD EDUCATIONAL SUPPLIES TO LOW-INCOME FAMILIES FROM SURROUNDING COMMUNITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Frieri ESQ Trustee | 0 | $0 | |
James Malone Jr Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $335 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $500,335 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $19,747 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $487 |
| Printing and publications | $0 |
| Other expenses | $5,008 |
| Total operating and administrative expenses | $25,242 |
| Contributions, gifts, grants paid | $124,213 |
| Total expenses and disbursements | $149,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,194,317 |
| 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 | $0 |
| Net Land, buildings, and equipment | $29,620 |
| Other assets | $0 |
| Total assets | $1,223,937 |
| 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, P E N N has awarded $124,213 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CORNERSTONE MINISTRIES PURPOSE: CHARITABLE | $50,000 |
WEEQUAHIC PARK RECREATION CENTER PURPOSE: CHARITABLE | $15,000 |
THE CLUBHOUSE PURPOSE: CHARITABLE | $15,000 |
PARK CRESCENT HEALTHCARE REHAB CTR PURPOSE: CHARITABLE | $14,213 |
NEW PSALMIST WORSHIP CENTER PURPOSE: CHARITABLE | $5,000 |
FLYNN O'HARA PURPOSE: CHARITABLE | $25,000 |