Pennoni Family Foundation
- Assets
- $701.0k
- Revenue
- $50.0k
- Investments
- $611.9k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2006
- Data as of
- 12/2023
- EIN
- 20-2631757
Organization Overview
Pennoni Family Foundation is located in Wilmington, DE. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Pennoni Family 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, Pennoni Family Foundation generated $50.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $56.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pennoni Family Foundation has awarded 250 individual grants totaling $739,047. 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 |
|---|---|---|---|
Andrew J Pennoni Vp, Dir, Sec | 1 | $0 | |
Celestino R Pennoni Pres, Dir | 2 | $0 | |
David Pennoni Dir | 1 | $0 | |
Vincent Pennoni Dir | 1 | $0 | |
Diane Wendling Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,476 |
| Dividends & Interest | $19,883 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,680 |
| Capital Gain Net Income | $28,680 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,039 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,343 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,833 |
| Total operating and administrative expenses | $16,832 |
| Contributions, gifts, grants paid | $39,650 |
| Total expenses and disbursements | $56,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,101 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $700,951 |
| 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, Pennoni Family Foundation has awarded $39,650 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: GENERAL & UNRESTRICTED | $250 |
ASTON POLICE RELIEF ASSOCIATION PURPOSE: GENERAL & UNRESTRICTED | $250 |
ASTON PUBLIC LIBRARY PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
ASTON TOWNSHIP FIRE DEPARTMENT PURPOSE: GENERAL & UNRESTRICTED | $250 |
DREXEL UNIVERSITY PURPOSE: GENERAL & UNRESTRICTED | $5,000 |