Pittsburgh Penguins Foundation
- Assets
- $2.2m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 11/2010
- Data as of
- 06/2021
- EIN
- 27-3431123
Organization Overview
Pittsburgh Penguins Foundation is located in Pittsburgh, PA. The organization was established in 2010. 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. Pittsburgh Penguins 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 06/2021, Pittsburgh Penguins Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pittsburgh Penguins Foundation has awarded 466 individual grants totaling $14,547,903. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT YOUTH HOCKEY AND OTHER ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITTLE PENGUINS LEARN TO PLAY PROGRAM - 13,000 PITTSBURGH AREA YOUTHS ARE INTRODUCED TO THE GAME OF HOCKEY AND PROVIDED FREE SETS OF HOCKEY EQUIPMENT. THE PENGUINS FOUNDATION HAS TEAMED WITH SIDNEY CROSBY TO PROVIDE THE EQUIPMENT FREE TO KIDS AGES 4-9.
THE FOUNDATION RAISES FUNDS AND PROVIDES GRANTS AND OTHER SUPPORT TO LOCAL YOUTH SPORTS AND OTHER CHARITABLE ORGANIZATIONS THAT SHARE THE FOUNDATION'S MISSION.
PENSFIT PROGRAM - DESIGNED TO INTRODUCE CHILDREN TO THE SPORT OF HOCKEY AND FACILITATE AN INCREASE IN PHYSICAL ACTIVITY. PROVIDES FREE STREET HOCKEY EQUIPMENT TO QUALIFYING ELEMENTARY SCHOOLS (BOTH PUBLIC AND PRIVATE) IN ALLEGHENY COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Hart Treasurer | OfficerTrustee | 1 | $0 |
Jim Britt Executive Director | OfficerTrustee | 40 | $0 |
Kevin Acklin Secretary | OfficerTrustee | 1 | $0 |
David Morehouse Chairman | OfficerTrustee | 1 | $0 |
Deborah Rice-Johnson Trustee | Trustee | 1 | $0 |
David Malone Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elteq Management Co Inc Rent | 6/29/21 | $104,301 |
Fedex Mail & Postage | 6/29/21 | $220,801 |
Wendell August Forge Merchandise | 6/29/21 | $156,563 |
Aramark Nhl Jerseys | 6/29/21 | $226,128 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $572,463 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $572,463 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $146,178 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,108,945 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,837,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,562,010 |
| Grants and other assistance to domestic individuals. | $176,225 |
| 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 | $2,364 |
| Fees for services: Accounting | $10,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,349 |
| Advertising and promotion | $17,988 |
| Office expenses | $11,640 |
| Information technology | $39,841 |
| Royalties | $0 |
| Occupancy | $153,075 |
| Travel | $8,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,885 |
| Insurance | $23,287 |
| All other expenses | $0 |
| Total functional expenses | $2,252,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,129,536 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $55,046 |
| 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 | $39,399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,223,981 |
| Accounts payable and accrued expenses | $1,314,524 |
| Grants payable | $170,000 |
| 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 | $1,484,524 |
| Net assets without donor restrictions | $309,457 |
| Net assets with donor restrictions | $430,000 |
| 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 | $2,223,981 |
Grants Awarded
Over the last fiscal year, Pittsburgh Penguins Foundation has awarded $1,191,280 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $1,059,897 |
SIDNEY CROSBY FOUNDATION PURPOSE: GENERAL SUPPORT | $42,491 |
Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $28,159 |
Buffalo, NY PURPOSE: GENERAL SUPPORT | $22,036 |
Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $12,899 |
YOU CAN PLAY INC PURPOSE: GENERAL SUPPORT | $12,899 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Pittsburgh Penguins Foundation has recieved totaling $220,735.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $206,781 |
Irene W And C B Pennington Foundation Baton Rouge, LA PURPOSE: BLACK HOCKEY HISTORY NIGHT | $10,000 |
G Whitney Snyder Charitable Fund Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $3,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $454 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Student Leadership Network Inc New York, NY | $11,626,545 | $12,224,104 |