Penny Project Foundation
- Assets
- $1.2m
- Revenue
- $1.3m
- Investments
- $759.8k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 88-1593190
Organization Overview
Penny Project Foundation is located in Wilmington, DE. 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. Penny Project Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Foster Dir | 1 | $0 | |
Lynn Franey Dir | 1 | $0 | |
Amy Triandiflou Dir | 1 | $0 | |
Annagrace Triandiflou Dir | 1 | $14,806 | |
Daniel Triandiflou Dir | 1 | $0 | |
James Triandiflou Dir, Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,256,663 |
| Interest on Savings | $2,187 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,539 |
| Capital Gain Net Income | $235,275 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,264,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,806 |
| Other employee salaries and wages | $21,154 |
| Pension plans, employee benefits | $3,368 |
| Interest | $0 |
| Taxes | $3,300 |
| Depreciation | $13,209 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $491 |
| Printing and publications | $0 |
| Other expenses | $19,357 |
| Total operating and administrative expenses | $82,119 |
| Contributions, gifts, grants paid | $36,644 |
| Total expenses and disbursements | $118,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $282,004 |
| 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 | $118,876 |
| Other assets | $0 |
| Total assets | $1,160,690 |
| Accounts payable and accrued expenses | $2,852 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $12,212 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,064 |
Grants Awarded
Over the last fiscal year, Penny Project Foundation has awarded $36,644 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIA TOOLS4SCHOOLS PURPOSE: GENERAL & UNRESTRICTED (SEE GENERAL EXPLANATION) | $1,037 |
BOOK FAIRIES INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
BOOK HARVEST PURPOSE: GENERAL & UNRESTRICTED (SEE GENERAL EXPLANATION) | $1,109 |
BROOKLINE TEEN OUTREACH PURPOSE: GENERAL & UNRESTRICTED | $4,800 |
CASA BRUMAR FOUNDATION INC PURPOSE: CHARITABLE EVENT | $10,000 |
COMMUNITIES IN SCHOOLS OF NORTH CAROLINA INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |