Pennington Family Foundation
- Assets
- $2.7m
- Revenue
- $163.5k
- Investments
- $2.7m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/1986
- Data as of
- 12/2023
- EIN
- 95-4042165
Organization Overview
Pennington Family Foundation is located in Los Angeles, CA. The organization was established in 1986. 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. Pennington 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, Pennington Family Foundation generated $163.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $196.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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 |
|---|---|---|---|
Timothy M Pennington III Chairman & President | 1 | $0 | |
Melissa J Pennington Vice Pres & Secretary | 1 | $0 | |
Angela Pennington Vice President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $95,054 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,874 |
| Capital Gain Net Income | $66,874 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,564 |
| Total Revenue | $163,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $389 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,821 |
| Total operating and administrative expenses | $19,210 |
| Contributions, gifts, grants paid | $177,500 |
| Total expenses and disbursements | $196,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,247 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,720,871 |
| Accounts payable and accrued expenses | $35 |
| 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 | $35 |
Grants Awarded
Over the last fiscal year, Pennington Family Foundation has awarded $177,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UCLA JONSSON CANCER CENTER FOUNDATION PURPOSE: SUPPORT OF CHARITABLE PURPOSES | $35,000 |
BOY SCOUTS OF AMERICA PURPOSE: SUPPORT OF CHARITABLE PURPOSES | $121,000 |
UCLA ANDERSON SCHOOL OF MANAGEMENT PURPOSE: SUPPORT OF CHARITABLE PURPOSES | $11,500 |
MINNESOTA ORCHESTRA PURPOSE: SUPPORT OF CHARITABLE PURPOSES | $10,000 |