Pensmore Foundation
- Assets
- $8.3m
- Revenue
- $442.9k
- Investments
- $7.7m
- Employees
- 0
- Location
- Leesburg, VA
- Founding
- 12/2005
- Data as of
- 12/2022
- EIN
- 54-6681072
Organization Overview
Pensmore Foundation is located in Leesburg, VA. The organization was established in 2005. 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. Pensmore 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, Pensmore Foundation generated $442.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $419.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Pensmore Foundation has awarded 19 individual grants totaling $675,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LENNOX FILM PROJECT: SEE FEDERAL FOOTNOTES
N/A
N/A
N/A
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 |
|---|---|---|---|
Steven T Huff Trustee | 8 | $0 | |
Susan A Huff Trustee | 3 | $0 | |
Thomas M Huff Trustee | 1 | $0 | |
Philip Huff Trustee | 40 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $386,231 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,640 |
| Capital Gain Net Income | $3,640 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $20,226 |
| Other Income | $32,771 |
| Total Revenue | $442,868 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,390 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,078 |
| Printing and publications | $0 |
| Other expenses | $74,946 |
| Total operating and administrative expenses | $206,354 |
| Contributions, gifts, grants paid | $213,000 |
| Total expenses and disbursements | $419,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $692,516 |
| 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 | $6,350,301 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,728 |
| Total assets | $8,349,545 |
| 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, Pensmore Foundation has awarded $213,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL ASSOCIATION OF CHRISTIAN LAWMAKERS PURPOSE: GENERAL PURPOSES | $40,000 |
MISSOURI STATE UNIVERSITY PURPOSE: GENERAL PURPOSES | $20,000 |
PATRICK HENRY COLLEGE PURPOSE: GENERAL PURPOSES | $100,000 |
CHARITIES AID FOUNDATION AMERICA PURPOSE: GENERAL PURPOSES | $33,000 |
COLLEGE OF THE OZARKS PURPOSE: GENERAL PURPOSES | $20,000 |