Timothy M Pennington Iv Memorial Foundation
- Assets
- $462.1k
- Revenue
- $18.4k
- Investments
- $462.1k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 95-4462051
Organization Overview
Timothy M Pennington Iv Memorial Foundation is located in Los Angeles, CA. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Timothy M Pennington Iv Memorial 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 12/2021, Timothy M Pennington Iv Memorial Foundation generated $18.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $16.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy M Pennington III Chairman | 0.5 | $0 | |
Melissa J Pennington President | 0.5 | $0 | |
Angela S Pennington Vice Pres. & Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,025 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,486 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $873 |
| Capital Gain Net Income | $873 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,384 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,466 |
| Total operating and administrative expenses | $5,807 |
| Contributions, gifts, grants paid | $11,000 |
| Total expenses and disbursements | $16,807 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $462,090 |
| 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 | $11,000 |
| Total liabilities | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morton Foundation Lafayette, CA | $13,556,375 | $2,347,540 |
Jay Defeo Foundation San Francisco, CA | $21,461,108 | $756,455 |
Howard R And Joy M Berlin Foundation Carefree, AZ | $0 | $89,966 |
Ida J Benson Memorial Tr Fbo Forest W Benson Uw 032495 323-141445 Las Vegas, NV | $790,888 | $84,527 |
Butler Family Foundation Cutten, CA | $401,478 | $13,895 |
Leathers Family Foundation Ross, CA | $3,444,725 | $421,984 |
Ruth And Sheldon Goldstein Foundation Santa Monica, CA | $259,390 | $26,535 |
Timothy M Pennington Iv Memorial Foundation Los Angeles, CA | $462,090 | $18,384 |