Albert Penick Fund FY2021 filing

Tax-deductible

Big Indian, NY501(c)(3)EIN 13-6161137Revenue $89K in FY2021

On file with the IRSPo Box 32, 12410-0032 · Big Indian, NYTax-exempt since Jun 1953Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
$72K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2021 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $89K a year · 170% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
990-PF Pt I · 5 filings
Pay to officers and key staff
$72K
to officers and key staff · 46% of spending
Concern: pay to officers and key staff is 46% of spending; over 30%.
990-PF Pt VIII
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$89K
+638% vs prior year
Spent
$156K
Net assets
$801K
By yearFY2020–FY2024
Revenue
$89K
FY2021▲ +638%
Tap a bar for its year
Revenue by fiscal year
FY2020$12K
FY2021$89K
FY2022$52K
FY2023$31K
FY2024$77K
Expenses
$156K
FY2021▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$172K
FY2021$156K
FY2022$131K
FY2023$141K
FY2024$105K
Net assets
$801K
FY2021▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$868K
FY2021$801K
FY2022$721K
FY2023$611K
FY2024$583K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1953.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 46% · $72K Operating & administrative 54% · $84K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990-PF; $72K paid to officers and key staff.

Part VII, Section A · reportable compensation
$42,000Pt VII · Sec A
$30,000Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2021
V Susan Penick$42,000$42,000
Cheryl Stephen$30,000$30,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Programs and updates

A private foundation based in Big Indian, NY.

Questions for Albert Penick Fund

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 6 grants · $19K · 2024–2024
Wbgonewark Public Radio INCFY2024$5,000
Breast Cancer Options INCNY · FY2024$5,000
The Samadhi Recovery Community Outreach CenterFY2024$2,000
Maya Gold FoundationNY · FY2024$2,000
Phoenicia LibraryFY2024$2,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV3
Average grantPart XV$3K
Median grantPart XV$3K
Largest grantPart XV$5K
Top cause focusNTEEDiseases & Disorders (17%)

By the numbers

The FY2021 990-PF, line by line.

1The main four
Money in
$89K
Investment income$89K
Money out
$156K
Grants paid$72K
Running costs$84K
Owns and owes
$801K
net assets
Cash and savings$62K
Total assets$801K
Liabilities$0
People
2
listed
Paid2
2In more detail
Revenue in detail
Investment income$89K
Total revenue$89K
Assets in detailEnd of year
Cash and savings together$62K
Total assets$801K
Liabilities$0
Net assets$801K
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $77K$105K−$28K$583K 990 PDF
FY2023 $31K$141K−$110K$611K 990 PDF
FY2022 $52K$131K−$80K$721K 990 PDF
FY2021 Viewing $89K$156K−$67K$801K 990 PDF
FY2020 $12K$172K−$160K$868K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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