Penshorn Joshua 24 Foundation
- Assets
- $1.6m
- Revenue
- $410.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 09/2013
- Data as of
- 12/2023
- EIN
- 46-1586597
Organization Overview
Penshorn Joshua 24 Foundation is located in Milwaukee, WI. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Penshorn Joshua 24 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 12/2023, Penshorn Joshua 24 Foundation generated $410.2k 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 (11.3%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Penshorn Joshua 24 Foundation has awarded 120 individual grants totaling $3,612,753. 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 Penshorn President | 1 | $0 | |
Terri Penshorn Vice-President | 1 | $0 | |
Don Demorett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $408,906 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,292 |
| Total Revenue | $410,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,554 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $108,576 |
| Contributions, gifts, grants paid | $1,297,100 |
| Total expenses and disbursements | $1,405,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $312,218 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,504 |
| Total assets | $1,615,384 |
| 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, Penshorn Joshua 24 Foundation has awarded $1,297,100 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
EMANUAL LUTHERAN SCHOOL PURPOSE: GENERAL OPERATING | $10,000 |
HERITAGE CHRISTIAN ACADEMY PURPOSE: GENERAL OPERATING | $44,100 |
MAYER LUTHERAN HIGH SCHOOL PURPOSE: GENERAL OPERATING | $10,000 |
CRU PURPOSE: GENERAL OPERATING | $5,000 |
LUTHERAN SOCIAL SERVICES PURPOSE: GENERAL OPERATING | $30,000 |
ST JOHNS LUTHERAN SCHOOL PURPOSE: GENERAL OPERATING | $10,000 |