Penniman Foundation Inc
- Assets
- $399.9k
- Revenue
- $21.6k
- Investments
- $361.3k
- Employees
- 0
- Location
- Lighthouse Point, FL
- Founding
- 12/1967
- Data as of
- 11/2023
- EIN
- 38-1859967
Organization Overview
Penniman Foundation Inc is located in Lighthouse Point, FL. The organization was established in 1967. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Penniman 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 11/2023, Penniman Foundation Inc generated $21.6k 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 (4.4%) each year. All expenses for the organization totaled $29.9k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Penniman Foundation Inc has awarded 82 individual grants totaling $163,825. 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 |
|---|---|---|---|
John G Penniman President | 1 | $0 | |
Jane M Grinney Director | 1 | $0 | |
Kimberly S Penniman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $149 |
| Dividends & Interest | $26,020 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,387 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,861 |
| Total Revenue | $21,643 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14 |
| Total operating and administrative expenses | $2,614 |
| Contributions, gifts, grants paid | $27,250 |
| Total expenses and disbursements | $29,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,603 |
| 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 | $30,907 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $399,884 |
| 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, Penniman Foundation Inc has awarded $27,250 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CATO INSTITUTE PURPOSE: GENERAL FUNDS | $1,500 |
BOCA RATON REGIONAL HOSPITAL FOUNDATION PURPOSE: GENERAL FUNDS | $5,000 |
DAVE MILLER MEMORIAL FUND PURPOSE: SCHOLARSHIPS | $500 |
FISHER HOUSE FOUNDATION PURPOSE: GENERAL FUNDS | $2,500 |
FSGA FOUNDATION PURPOSE: GENERAL FUNDS | $1,000 |
MAYO CLINIC PURPOSE: GENERAL FUNDS | $2,500 |