Joe D Pentecost Foundation
- Assets
- $20.2m
- Revenue
- $2.9m
- Investments
- $19.4m
- Employees
- 0
- Location
- East Lansing, MI
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 35-2178154
Organization Overview
Joe D Pentecost Foundation is located in East Lansing, MI. The organization was established in 2003. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Joe D Pentecost 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 12/2021, Joe D Pentecost Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Joe D Pentecost Foundation has awarded 242 individual grants totaling $5,689,606. 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 |
|---|---|---|---|
Rita F Stoskopf Director | 30 | $121,247 | |
Robert J Phipps Director | 2 | $6,500 | |
Vic Loomis Director | 2 | $6,000 | |
Carrie Ihrig Freeman Director | 2 | $6,000 | |
Gary Hurand Director | 2 | $6,000 | |
G Tobin Heaton Director | 2 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,038 |
| Dividends & Interest | $406,539 |
| Net Rental Income | $62,904 |
| Net Gain on Sale of Assets | $2,356,528 |
| Capital Gain Net Income | $2,356,528 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $127 |
| Total Revenue | $2,934,657 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $147,247 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58,492 |
| Depreciation | $25,217 |
| Occupancy | $5,211 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $57,357 |
| Total operating and administrative expenses | $450,873 |
| Contributions, gifts, grants paid | $941,327 |
| Total expenses and disbursements | $1,392,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $156,511 |
| 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 | $670,890 |
| Investments—mortgage loans | $0 |
| Investments—other | $150 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,207,781 |
| Accounts payable and accrued expenses | $5,103 |
| 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 | $5,103 |
Grants Awarded
Over the last fiscal year, Joe D Pentecost Foundation has awarded $941,327 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
East Lansing, MI PURPOSE: ENDOWED SCHOLARSHIP, BUILDING RENOVATIONS | $250,000 |
WAI-IAM RISE HOUSE PURPOSE: GRANT | $150,000 |
LANSING PROMISE PURPOSE: GRANT | $50,000 |
WOLDUMAR NATURE CENTER PURPOSE: GRANT | $50,000 |
AITCH FOUNDATION PURPOSE: GRANT | $45,000 |
Lansing, MI PURPOSE: GRANT | $42,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mary G Stange Charitable Trust Ann Arbor, MI | $495,498 | $4,941,394 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Ethel And James Flinn Foundation Detroit, MI | $60,556,693 | $4,592,274 |
Andrew Squire Testamentary Tr Brooklyn, OH | $55,206,125 | $2,759,650 |