Penn Center Inc
- Assets
- $6.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 15
- Location
- St Helena Is, SC
- Founding
- 02/1942
- Data as of
- 12/2021
- EIN
- 57-0324930
Organization Overview
Penn Center Inc is located in St Helena Is, SC. The organization was established in 1942. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Penn Center Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn Center 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 12/2021, Penn Center Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 8.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PENN CENTER IS TO PROMOTE AND PRESERVE PENN'S TRUE HISTORY AND CULTURE THROUGH IT'S COMMITMENT TO EDUCATION, COMMUNITY DEVELOPMENT AND SOCIAL JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PACE PROGRAM PROVIDES PROGRAMS ASSISTING BEAUFORT COUNTY YOUTH WITH ACADEMIC ACHIEVEMENT, HOMEWORK ASSISTANCE AND CURRICULUM CENTERED ON THE SEA ISLANDS HERITAGE. IT ALSO PROVIDES CHILD CARE SERVICES FOR CHILDREN AGED 6 MONTHS-5 YEARS, AND AFTER SCHOOL AND SUMMER CAMP PROGRAMS FOR YOUTH AGED 6-18 YEARS. THE PROGRAM ALSO PROVIDES A SUMMER FEEDING PROGRAM FOR BEAUFORT COUNTY YOUTH TO REPLACE FOOD NEEDS WHEN SCHOOL IS OUT OF SESSION DURING SUMMER RECESS MONTHS. THIS IS AN ESSENTIAL PART OF THE NUTRITIONAL NEEDS OF BEAUFORT COUNTY YOUTH DURING PERIODS OF SCHOOL INACTIVITY/SUMMER RECESS.
THE CONFERENCE CENTER PROGRAM PROVIDES FOOD, LODGING AND CONFERENCE CENTER FACILITIES FOR VISITORS TO THE PENN CENTER AND FOR PROGRAM PARTICIPANTS STUDYING PENN CENTER HISTORY, PURPOSE AND MISSION.
THE HISTORY AND CULTURE PROGRAM COLLECTS, DOCUMENTS, PRESERVES AND DISSEMINATES INFORMATION RELATED TO THE CULTURAL HERITAGE OF THE SEA ISLAND AND LOWCOUNTRY AFRICAN-AMERICAN CULTURE. TO MEET THESE NEEDS, THE PROGRAM OPERATES THE YORK W. BAILEY MUSEUM AND GIFT SHOP AND MAINTAINS THE LAURA M. TOWNE ARCHIVES AND LIBRARY. PROGRAM STAFF PROVIDES TOURS AND LECTURES AND DEVELOPS AND IMPLEMENTS PUBLIC PROGRAMS SUCH AS THE ANNUAL PENN CENTER HERITAGE DAYS CELEBRATION.
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 |
|---|---|---|---|
Donellia Chives Trustee | OfficerTrustee | 2 | $0 |
Deloris Pringle Chairman | OfficerTrustee | 5 | $0 |
Vashti Washington Treasurer | OfficerTrustee | 2 | $0 |
John H Glover Trustee | Trustee | 2 | $0 |
Thomas C Barnwell Jr Life Trustee Trustee | Trustee | 1 | $0 |
Clifford Bush III Emeritus Trustee Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,379,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,379,201 |
| Total Program Service Revenue | $793,993 |
| Investment income | $19,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,058 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,423,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $429,499 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,464 |
| Fees for services: Accounting | $30,673 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,312 |
| Advertising and promotion | $295 |
| Office expenses | $0 |
| Information technology | $9,767 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $280,303 |
| Total functional expenses | $1,591,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,282,746 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,706 |
| Prepaid expenses and deferred charges | $22,871 |
| Net Land, buildings, and equipment | $3,634,193 |
| Investments—publicly traded securities | $1,243,006 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,900 |
| Total assets | $6,221,422 |
| Accounts payable and accrued expenses | $15,365 |
| Grants payable | $0 |
| Deferred revenue | $502,607 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $159,900 |
| Unsecured mortgages and notes payable | $137,250 |
| Other liabilities | $2,781 |
| Total liabilities | $817,903 |
| Net assets without donor restrictions | $5,085,339 |
| Net assets with donor restrictions | $318,180 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,221,422 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Penn Center Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: EDUCATION GRANT | $15,000 |
Endowment Analysis
| Beg. Balance | $24,018 |
| Earnings | $18,987 |
| Net Contributions | $1,200,000 |
| Ending Balance | $1,243,005 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brevard Music Center Incorporated Brevard, NC | $69,609,976 | $12,354,771 |
Vagabond School Of The Drama Inc Flat Rock, NC | $5,199,970 | $3,956,407 |
Penn Center Inc St Helena Is, SC | $6,221,422 | $3,423,853 |
North Carolina Music Educators Association Raleigh, NC | $1,025,143 | $732,789 |
Music Academy Of North Carolina Inc Greeensboro, NC | $582,444 | $637,956 |
Arts Together Inc Raleigh, NC | $461,763 | $543,838 |
Community Music School Raleigh, NC | $551,464 | $549,151 |
Gaston School Of The Arts Inc Gastonia, NC | $1,101,816 | $216,341 |
Decatur High School Performing Arts Association Decatur, GA | $72,232 | $0 |
Conservatoire Inc Atlanta, GA | $435,093 | $0 |
Bluffton Youth Theatre Bluffton, SC | $6,522 | $0 |
Thomasville Music And Drama Troupe Inc Thomasville, GA | $1,909,925 | $48,571 |