The Penny Brown Reynolds Foundation Inc
- Assets
- $324.1k
- Revenue
- $66.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 06/2009
- Data as of
- 12/2019
- EIN
- 26-3525905
Organization Overview
The Penny Brown Reynolds Foundation Inc is located in Atlanta, GA. The organization was established in 2009. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penny Brown Reynolds Foundation Inc 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 12/2019, Penny Brown Reynolds Foundation Inc generated $66.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.0%) each year. All expenses for the organization totaled $56.5k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (20.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS A CHARITABLE, TAX EXEMPT ORGANIZATION, DEDICATED TO STRENGHTENING FAMILIES, WOMEN, YOUTH AND CHILDREN BY PROVIDING A VOICE FOR THE POOR THROUGH EDUCATION, ADVOCACY AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS AND INSTITUTES PROGRAMS THAT SERVE TO EDUCATE, LIBERATE AND ASSIST IN FACILITATING THE EMPOWERMENT AND TRANSFORMATION OF HUMAN BEINGS TO LIVE A LIFE OF SELF-RESPECT. THE FOUNDATION IS COMMITTED TO SOCIAL JUSTICE AND TO THE PRINCIPLE THAT ALL PEOPLE ARE CREATED EQUAL. WE SUPPORT SELF-SUFFICIENCY AND DIGNITY OF ALL IDIVIDUALS AND FAMILIES. PROGRAMS INCLUDE GIRLS IN P.E.A.R.L.S. MENTORING ACADEMY FOR GIRLS 12 TO 18 YEARS. IT IS AN ACADEMIC INITIATIVE WHEREBY THE FOUNDATION HOSTS MONTHLY THEME ACTIVITIES WHERE GIRLS ARE INTRODUCED TO VARIOUS LIFE LESSONS WITH THE GOAL OF FULFILLING THE TENANTS OF WOMANHOOD. OTHER PROGRAMS INCLUDE THE SISTERTALK WOMENS EMPOWERMENT CONFERENCE, BACK TO SCHOOL ENRICHMENT CONFERENCE, SPONSORED COLLEGE SCHOLARSHIPS, FAMILY AND PARENTING WORKSHOPS, STOP THE VIOLENCE SUMMITS, ENDING POVERTY INITIATIVES, WOMEN AND MENS HEALTH FORUMS, BULLYING AND DOMESTIC VIOLENCE PREVENTION SEMINARS, TOWN HALL MEETINGS ON SOCIAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Brown Reynolds President & CEO | Officer | 20 | $0 |
Edward S Reynolds Vice President & CFO | Officer | 10 | $0 |
Deborah Dejoie Secretary | Officer | 2 | $0 |
Keisha Brown Board Member | Officer | 2 | $0 |
Michael Armour Jr Board Member | Officer | 2 | $0 |
Erica Wilson Board Member | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,426 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,426 |
| Total Program Service Revenue | $0 |
| Investment income | $163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,589 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,000 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $80 |
| Office expenses | $1,559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,996 |
| Interest | $87 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $582 |
| Total functional expenses | $56,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,099 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $324,099 |
| Accounts payable and accrued expenses | $1,440 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,440 |
| Net assets without donor restrictions | $322,659 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $324,099 |