The Pinnell Foundation
- Assets
- $394.3k
- Revenue
- $71.6k
- Investments
- $306.9k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2008
- Data as of
- 12/2022
- EIN
- 26-0856298
Organization Overview
The Pinnell Foundation is located in Wilmington, DE. The organization was established in 2008. 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. Pinnell 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 12/2022, Pinnell Foundation generated $71.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $229.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pinnell Foundation has awarded 36 individual grants totaling $464,200. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
POWER STATION PROVIDES A PLATFORM FOR CONTEMPORARY ART PROJ GEARED TO AN INT'L AUDIENCE & THE CMMNTY OF TX. THE PROGRAM SERVES AS A CATALYST TO PROVOCATE PUB. DISCLOSURE AROUND ART
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alden G Pinnell Pres, Dir, Sec | 1 | $0 | |
Janelle Pinnell Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $353 |
| Dividends & Interest | $8,782 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,360 |
| Capital Gain Net Income | $62,360 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $72 |
| Total Revenue | $71,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $372 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,349 |
| Printing and publications | $1,264 |
| Other expenses | $55,737 |
| Total operating and administrative expenses | $80,764 |
| Contributions, gifts, grants paid | $148,200 |
| Total expenses and disbursements | $228,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $87,438 |
| 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 | $394,293 |
| 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, The Pinnell Foundation has awarded $148,200 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DIRK NOWITZKI FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
FRIENDS OF THE KATY TRAIL INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
NASHER SCULPTURE CENTER PURPOSE: NASHER PRIZE DIALOGUES | $25,000 |
ST MARKS SCHOOL OF TEXAS PURPOSE: ST. MARK'S FUND | $10,000 |
SOUTHERN METHODIST UNIVERSITY - ATHLETICS PURPOSE: GENERAL & UNRESTRICTED | $3,200 |
THE FOUNDATION FOR AIDS RESEARCH PURPOSE: GENERAL & UNRESTRICTED | $15,000 |