Joe D Pentecost Foundation
- Assets
- $24.0m
- Revenue
- $1.3m
- Investments
- $22.8m
- Employees
- 0
- Location
- East Lansing, MI
- Founding
- 01/2003
- Data as of
- 12/2022
- 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 12/2022, Joe D Pentecost Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 8 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, Joe D Pentecost Foundation has awarded 324 individual grants totaling $7,806,015. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Phipps Director | 2 | $6,000 | |
Carrie Ihrig Freeman Director | 2 | $6,000 | |
Rita F Stoskopf Director | 30 | $123,320 | |
Victor Loomis Director | 2 | $6,000 | |
Gary Hurand Director | 2 | $6,000 | |
G Tobin Heaton Director | 2 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $429,316 |
| Net Rental Income | $21,379 |
| Net Gain on Sale of Assets | $724,292 |
| Capital Gain Net Income | $724,292 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $498 |
| Total Revenue | $1,331,239 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $153,320 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $127,539 |
| Depreciation | $25,212 |
| Occupancy | $4,334 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $89,504 |
| Total operating and administrative expenses | $597,675 |
| Contributions, gifts, grants paid | $1,250,000 |
| Total expenses and disbursements | $1,847,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,244 |
| Savings and temporary cash investments | $480,887 |
| 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 | $645,678 |
| Investments—mortgage loans | $0 |
| Investments—other | $150 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,961,114 |
| 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 $1,250,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
AITCH FOUNDATION PURPOSE: UNRESTRICTED CONTRIBUTION | $55,000 |
AMERICAN RED CROSS PURPOSE: UNRESTRICTED CONTRIBUTION | $20,000 |
ALLEN NEIGHBORHOOD CENTER PURPOSE: UNRESTRICTED CONTRIBUTION | $5,000 |
ANNIE'S BIG NATURE LESSON PURPOSE: UNRESTRICTED CONTRIBUTION | $10,000 |
ASPIRE PREGNANCY SERVICES OF GREATER LANSING PURPOSE: UNRESTRICTED CONTRIBUTION | $5,000 |
BIG BROTHERS BIG SISTERS PURPOSE: UNRESTRICTED CONTRIBUTION | $15,000 |