Richmond-Pennock Family Scholarship Fund
- Assets
- $1.4m
- Revenue
- $51.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 02/2004
- Data as of
- 09/2023
- EIN
- 23-6637016
Organization Overview
Richmond-Pennock Family Scholarship Fund is located in Las Vegas, NV. The organization was established in 2004. 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. Richmond-Pennock Family Scholarship 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 09/2023, Richmond-Pennock Family Scholarship Fund generated $51.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $106.5k during the year ending 09/2023. While expenses have increased by 5.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richmond-Pennock Family Scholarship Fund has awarded 49 individual grants totaling $445,800. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,481 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,835 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $340 |
| Total Revenue | $50,986 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,824 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $627 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19 |
| Total operating and administrative expenses | $25,536 |
| Contributions, gifts, grants paid | $81,000 |
| Total expenses and disbursements | $106,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,229 |
| 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 | $1,061,111 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,417,596 |
| 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, Richmond-Pennock Family Scholarship Fund has awarded $81,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
VICTORIA NOLT CO PALM BEACH ATLANTIC PURPOSE: SCHOLARSHIP | $8,000 |
ANGELINA SWEIGART CO HACC PURPOSE: SCHOLARSHIP | $7,000 |
HOPE MONDEREWICZ CO MANSFIELD PURPOSE: SCHOLARSHIP | $15,000 |
KYRA BIXLER CO PA COLLEGE OF HEALTH PURPOSE: SCHOLARSHIP | $7,000 |
JENNIFER MICHAEL CO MILLERSVILLE PURPOSE: SCHOLARSHIP | $10,000 |
CARLI LAUDERMILCH CO PENNSYLVANIA PURPOSE: SCHOLARSHIP | $13,000 |