Penney Family Fund
- Assets
- $7.0m
- Revenue
- $55.6k
- Investments
- $6.5m
- Employees
- 0
- Location
- Berkeley, CA
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 94-3314431
Organization Overview
Penney Family Fund is located in Berkeley, CA. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penney Family Fund 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, Penney Family Fund generated $55.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $455.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Penney Family Fund has awarded 172 individual grants totaling $2,412,700. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luisa Guyer Co-President | 2 | $0 | |
Maraya Keny-Guyer Co-President | 2 | $0 | |
Alissa Huntington Secretary | 2 | $0 | |
Jordan Keny-Guyer Treasurer | 2 | $0 | |
Marion Guyer Trustee | 1 | $0 | |
Jeff Malachowsky Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Third Plateau Social Impact Strategies | 12/30/22 | $72,500 |
Rbc Wealth Management | 12/30/22 | $63,596 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $252 |
| Dividends & Interest | $106,505 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$51,202 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,193 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,512 |
| Printing and publications | $101 |
| Other expenses | $6,909 |
| Total operating and administrative expenses | $159,811 |
| Contributions, gifts, grants paid | $295,500 |
| Total expenses and disbursements | $455,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $336,850 |
| Savings and temporary cash investments | $160,303 |
| 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 | $11,909 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $353,666 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,979,283 |
| Accounts payable and accrued expenses | $12,037 |
| 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 | $12,037 |
Grants Awarded
Over the last fiscal year, Penney Family Fund has awarded $325,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK VOTERS MATTER CAPACITY BLD IN PURPOSE: LEARNING GRANT | $25,000 |
CHINESE PROGRESSIVE ASSOCIATION PURPOSE: BLACK FUTURES LAB | $30,000 |
EARTH CARE PURPOSE: LEARNING GRANT | $25,000 |
ENVIRONMENTAL HEALTH COALITION PURPOSE: GENERAL SUPPORT | $15,000 |
GA COALITION FOR THE PEOPLES' AGEND PURPOSE: GEORGIA YOUTH JUSTICE COALITION - GENERAL OPERATING SUPPORT | $500 |
GEORGIA SHIFT PURPOSE: GENERAL SUPPORT | $25,000 |