Penner Family Foundation
- Assets
- $118.7m
- Revenue
- $3.9m
- Investments
- $118.6m
- Employees
- 0
- Location
- Bentonville, AR
- Founding
- 01/2017
- Data as of
- 12/2023
- EIN
- 81-0831228
Organization Overview
Penner Family Foundation is located in Bentonville, AR. The organization was established in 2017. 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. Penner Family 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, Penner Family Foundation generated $3.9m 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 (3.9%) each year. All expenses for the organization totaled $30.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Penner Family Foundation has awarded 381 individual grants totaling $107,005,300. 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 |
|---|---|---|---|
Name Not Listed Director, President | 3 | $0 | |
Name Not Listed Director, V.p., Secretary, Treasurer | 3 | $0 | |
Name Not Listed Assistant Secretary | 1 | $0 | |
Name Not Listed Assistant Treasurer (as Of 12/15/23) | 1 | $0 | |
Name Not Listed Assistant Treasurer (until 12/15/23) | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walton Enterprises Llc | 12/30/23 | $191,986 |
Goldman Sachs | 12/30/23 | $166,447 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,247,193 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$800,389 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,445,750 |
| Total Revenue | $3,892,554 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $68,850 |
| Taxes | $296,319 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $364,033 |
| Total operating and administrative expenses | $1,105,734 |
| Contributions, gifts, grants paid | $28,861,200 |
| Total expenses and disbursements | $29,966,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,718 |
| Savings and temporary cash investments | $0 |
| 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 | $118,613,301 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $118,722,019 |
| 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, Penner Family Foundation has awarded $28,861,200 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
ASPEN CENTER FOR ENVIRONMENTAL STUDIES PURPOSE: ENVIRONMENT - GENERAL OPERATING SUPPORT | $25,000 |
ASPEN JOURNALISM PURPOSE: ENVIRONMENT - GENERAL OPERATING SUPPORT | $5,000 |
ASPEN CENTER FOR ENVIRONMENTAL STUDIES PURPOSE: 50TH ANNIVERSARY CAMPAIGN | $250,000 |
ASPEN COUNTRY DAY SCHOOL INC PURPOSE: EDUCATION - GENERAL OPERATING SUPPORT | $25,000 |
BROWN UNIVERSITY PURPOSE: BROWN UNDERGRADUATE INTERNSHIP AND RESEARCH FUND | $2,000,000 |
ASPEN PUBLIC RADIO PURPOSE: COMMUNITY DEVELOPMENT - GENERAL OPERATING SUPPORT | $10,000 |