Penrose Foundation
- Assets
- $1.5m
- Revenue
- $109.1k
- Investments
- $1.4m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 01/1993
- Data as of
- 12/2022
- EIN
- 75-2456902
Organization Overview
Penrose Foundation is located in Fort Worth, TX. The organization was established in 1993. 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. Penrose 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, Penrose Foundation generated $109.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $163.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Penrose Foundation has awarded 125 individual grants totaling $575,300. 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 |
|---|---|---|---|
Patricia P Schieffer Director/pres | 0 | $0 | |
Sharon Schieffer Mayes Director/vp | 10 | $12,918 | |
Yolanda Cornejo Garcia Director | 0 | $0 | |
Robert P Evans Director/secretary | 0 | $0 | |
Susan N Schieffer Director | 0 | $0 | |
Sharon S Baird Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $160 |
| Dividends & Interest | $41,263 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,656 |
| Capital Gain Net Income | $66,656 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $109,079 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,918 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,138 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,578 |
| Total operating and administrative expenses | $41,169 |
| Contributions, gifts, grants paid | $122,500 |
| Total expenses and disbursements | $163,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,936 |
| Savings and temporary cash investments | $47,374 |
| Net Accounts receivable | $2,500 |
| 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 | $0 |
| Total assets | $1,493,027 |
| 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, Penrose Foundation has awarded $122,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ARTURO ROCHA PURPOSE: EDUCATIONAL | $5,000 |
DANIEL MHROUS PURPOSE: EDUCATIONAL | $7,500 |
DAVID CASILLAS PURPOSE: EDUCATIONAL | $5,000 |
DAVID VENTURA PURPOSE: EDUCATIONAL | $5,000 |
EMMANUAL MHROUS PURPOSE: EDUCATIONAL | $7,500 |
ESTEBAN LARRANAGA PURPOSE: EDUCATIONAL | $2,500 |