1st And 10 Foundation
- Assets
- $1.1m
- Revenue
- $55.9k
- Investments
- $994.4k
- Employees
- 0
- Location
- Independence, OH
- Founding
- 08/2004
- Data as of
- 12/2023
- EIN
- 20-0787954
Organization Overview
1st And 10 Foundation is located in Independence, OH. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public 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. 1st And 10 Foundation 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 12/2023, 1st And 10 Foundation generated $55.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $59.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, 1st And 10 Foundation has awarded 20 individual grants totaling $312,870. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLIDAY PARTIES SPONSORED FOR CHILDREN INVOLVED WITH ORGANIZATIONS THAT PROVIDE THE NECESSARY LEADERSHIP AND GROWTH OPPORTUNITIES FOR UNDERSERVED YOUTH AT RISK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James C Pennington President/trustee | 5 | $0 | |
Mary Robin Pennington Vp/treas/trustee | 5 | $0 | |
Andrea Pennington Secretary | 1 | $0 | |
Stephanie Lafauci Asst. Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,600 |
| Interest on Savings | $2 |
| Dividends & Interest | $45,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,351 |
| Capital Gain Net Income | $5,351 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,893 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $543 |
| Total operating and administrative expenses | $9,884 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $59,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,432 |
| 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 | $994,446 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $345 |
| Total assets | $1,054,223 |
| 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, 1st And 10 Foundation has awarded $89,245 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: GENERAL SUPPORT | $70,000 |
TORNADO RELIEF WESTERN KENTUCKY PURPOSE: GENERAL SUPPORT | $12,045 |
MARSHALL UNIVERSITY PURPOSE: GENERAL SUPPORT | $4,000 |
CAESARS SUPERDOME PURPOSE: GENERAL SUPPORT | $3,200 |