Edward E Pesnell Foundation INC: FY2020 Nonprofit Profile & Form 990 (EIN 63-0942092)

Revenue by fiscal year
FY2020	$213K
FY2021	$210K
FY2022	$942K
FY2023	$201K
FY2024	$322K
FY2025	$328K

Expenses by fiscal year
FY2020	$175K
FY2021	$252K
FY2022	$323K
FY2023	$284K
FY2024	$224K
FY2025	$229K

Net assets by fiscal year
FY2020	$4.1M
FY2021	$4.1M
FY2022	$4.7M
FY2023	$4.6M
FY2024	$4.7M
FY2025	$4.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1989.

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

Where the money goes

80 cents of each dollar spent went to programs.

80%

20%

Program services 80% · $139K Management & general 20% · $36K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Willard Hart

President

$0Pt VII · Sec A

Randy Campbell

Vice President

$0Pt VII · Sec A

Ginger Cobia

Board Member

$0Pt VII · Sec A

Gary Pruitt

Board Member

$0Pt VII · Sec A

Lana Evans

Secretary / Treasurer

$0Pt VII · Sec A

Matt Cummings

Board Member

$0Pt VII · Sec A

James Herring

Board Member

$0Pt VII · Sec A

See Edward E Pesnell Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Acquires and manages property to support drug abuse prevention and addiction treatment programs.

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Provided by the organization

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1 program · $139K · in their own filed words · FY2019

01

To own, lease, convey, or otherwise deal in real estate or personal property for the purpose of carrying out the purposes of the organization, which is to provide for the prevention of drug abuse and treatment of individuals who suffer from drug addiction or abuse.

$139Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 4 grants · $657K · 2021–2024

The Bridge INCAL · FY2024$150,000

The Bridge INCAL · FY2023$150,000

The Bridge INCAL · FY2022$210,790

The Bridge INCAL · FY2021$146,369

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$213K

Ln 12

Fees for servicesLn 2g$180K

Investment incomeLn 3$33K

Money outPt IX

$175K

Ln 25

Programscol B$139K

Managementcol C$36K

Owns and owesPt X

$4.1M

net assets · Ln 32

Cash and savingsLn 1–2$1.7M

Total assetsLn 16$4.1M

LiabilitiesLn 26$0

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$180K

Investment incomeLn 3$33K

Total revenueLn 12$213K

Assets in detailPt X, end of year

CashLn 1$25

SavingsLn 2$1.7M

Cash and savings togetherLn 1–2$1.7M

Land, buildings, equipmentLn 10c$2.4M

Total assetsLn 16$4.1M

LiabilitiesLn 26$0

Net assetsLn 32$4.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$1.6M	$1.7M
Land, buildings, equipmentLn 10c	$2.5M	$2.4M
Total assetsLn 16	$4.1M	$4.1M
LiabilitiesLn 26	$4K	$0
Net assetsLn 32	$4.1M	$4.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$975		$975
OccupancyLn 16	$34K	$34K
Depreciation, depletion and amortizationLn 22	$105K	$105K
Other expenses (24a–d)Ln 24	$35K		$35K
Total functional expensesLn 25	$175K	$139K	$36K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$328K	$229K	$99K	$4.8M	990 PDF
FY2024	$322K	$224K	$97K	$4.7M	990 PDF
FY2023	$201K	$284K	−$83K	$4.6M	990 PDF
FY2022	$942K	$323K	$619K	$4.7M	990 PDF
FY2021	$210K	$252K	−$42K	$4.1M	990 PDF
FY2020 Viewing	$213K	$175K	$38K	$4.1M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $212,669 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $180,000$180,000

I-10 Investment incomePrior year $31,444$32,669

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $211,444$212,669

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $149,942$174,692

I-18 Total expensesPrior year $149,942$174,692

I-19 Revenue less expensesPrior year $61,502$37,977

Part VI · Governance 7 of 7 board members independent, 3 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $212,669 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $180,000$180,000

VIII-3 Investment incomeExcluded from tax $32,669$32,669

VIII-12 Total revenueRelated to mission $180,000 · Unrelated business $0 · Excluded from tax $32,669$212,669

Part IX · Statement of functional expenses $174,692 across 4 lines filed

IX-11c Accounting feesManagement $975$975

IX-16 OccupancyPrograms $33,538$33,538

IX-22 Depreciation, depletion and amortizationPrograms $105,479$105,479

IX-24 Other expenses (24a–d)Management $34,700$34,700

IX-25 Total functional expensesPrograms $139,017 · Management $35,675 · Fundraising $0$174,692

Part X · Balance sheet $4,117,784 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $25$25

X-2 Savings and temporary cash investmentsStart of year $1,554,443$1,692,515

X-9 Prepaid expenses and deferred charges$1,650

X-10c Land, buildings and equipment, netStart of year $2,529,074$2,423,594

X-16 Total assetsStart of year $4,083,542$4,117,784

X-26 Total liabilitiesStart of year $3,735$0

X-27 Net assets without donor restrictionsStart of year $4,079,807$4,117,784

X-32 Total net assets or fund balancesStart of year $4,079,807$4,117,784

X-33 Total liabilities and net assetsStart of year $4,083,542$4,117,784

Part XI · Reconciliation of net assets $4,117,784 net assets at year end

XI-1 Total revenue$212,669

XI-2 Total expenses$174,692

XI-3 Revenue less expenses$37,977

XI-4 Net assets at start of year$4,079,807

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$4,117,784

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Edward E Pesnell Foundation INC FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Edward E Pesnell Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV