Pennpac Inc
- Assets
- $399.6k
- Revenue
- $330.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Great Neck, NY
- Founding
- 08/2013
- Data as of
- 06/2022
- EIN
- 90-0960774
Organization Overview
Pennpac Inc is located in Great Neck, NY. The organization was established in 2013. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennpac Inc 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 06/2022, Pennpac Inc generated $330.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $122.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STRATEGIC PRO BONO CONSULTING TO NONPROFITS THROUGH ALUMNI OF UPENN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTEER PROGRAM - HAS COMPLETED SEVERAL ASSIGNMENTS USING THE FOLLOWING MODEL: A PROJECT TEAM OF 4-6 ALUMNI WORK TOGETHER OVER THE COURSE OF 8-10 WEEKS EACH DEVOTING A FEW HOURS PER WEEK TO ASSIST THE NONPROFIT ORGANIZATION WITH A SPECIFIC BUSINESS ISSUE. AT THE END OF EACH CONSULTING ENGAGEMENT, A SET OF FINAL RECOMMENDATIONS IS PRESENTED TO THE NONPROFIT CLIENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Schub Epstein Executive Director | Officer | 40 | $52,500 |
Anne Turner Secretary | OfficerTrustee | 1 | $0 |
Cj Bilangino Treasurer | OfficerTrustee | 1 | $0 |
Jackie Einstein Astrof Board Chair | OfficerTrustee | 40 | $0 |
Craig Mills Board Member | Trustee | 1 | $0 |
Karen Finkel Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $162,200 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,819 |
| Total Program Service Revenue | $17,517 |
| Investment income | $60 |
| 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 | $330,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $52,500 |
| 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 | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,213 |
| Advertising and promotion | $1,622 |
| Office expenses | $3,157 |
| Information technology | $5,870 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $293 |
| 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 | $498 |
| All other expenses | $0 |
| Total functional expenses | $122,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,826 |
| Savings and temporary cash investments | $178,515 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,250 |
| 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 | $8,038 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $399,629 |
| Accounts payable and accrued expenses | $4,375 |
| 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 | $4,375 |
| Net assets without donor restrictions | $395,254 |
| 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 | $399,629 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Pennpac Inc has recieved totaling $13,525.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $13,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fidelity Non-Profit Management Foundation Boston, MA | $2,237,901,889 | $256,876,248 |
The Bridgespan Group Inc Boston, MA | $174,186,501 | $94,948,133 |
Grhs Foundation Inc Rochester, NY | $150,651,211 | $43,275,253 |
Phoebe Services Inc Allentown, PA | $13,209,475 | $32,050,372 |
Hispanic Federation Inc New York, NY | $50,299,555 | $50,097,384 |
Common Fund For Non-Profit Organizations Wilton, CT | $4,189,942,831 | $274,004,992 |
Affiliates Risk Management Services Inc New York, NY | $25,877,262 | $29,825,362 |
New Profit Inc Boston, MA | $113,525,114 | $77,118,974 |
Nonprofit Finance Fund New York, NY | $319,614,124 | $35,516,704 |
Npower Inc Brooklyn, NY | $16,868,984 | $22,673,461 |
Program Development Services Inc Brooklyn, NY | $16,969,361 | $21,610,144 |
Project Social Care Head Start Brooklyn, NY | $6,318,610 | $20,235,501 |