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Warren Penn Charitable Tr FY2020 filing

Tax-deductible

Winter Park, FL501(c)(3)Foundations & GrantmakersEIN 95-7110636

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The Warren Penn Charitable trust is organized for the benefit of the university of pennsylvania school of engineering. The trust will distribute to the university of pennsylvania all the net income of the trust and any principal the trustees designate at any time to support the activities and programs of the school of engineering at the university of pennsylvania.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2020 · Form 990Independent: 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
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $21K a year · 52% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
5466 mo
of spending, in cash
Looks good: 5466.1 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.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$141K
Spent
$748
To programs
0%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$141K
FY2020
Revenue by fiscal year
FY2020$141K
FY2021$60K
FY2022$22K
FY2023−$45K
FY2024$22K
Expenses
$748
FY2020
Expenses by fiscal year
FY2020$748
FY2021$76K
FY2022$76K
FY2023$77K
FY2024$75K
Net assets
$1.5M
FY2020
Net assets by fiscal year
FY2020$1.5M
FY2021$1.4M
FY2022$1.4M
FY2023$1.3M
FY2024$1.2M

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Jul 2001.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $748

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Warren Penn Charitable Tr 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 15aNo

Programs and updates

Provides funds to support engineering programs and activities at the University of Pennsylvania.

Provided by the organization

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1 program · in their own filed words · FY2020
01

Each year the warren penn charitable trust will contribute the net income from the trust to support activities and programs that will benefit each student and improve the quality of the academic programs offered to the students.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$141K
Ln 12
Investment incomeLn 3$140K
Other incomeLn 4–11$569
Money outPt IX
$748
Ln 25
Managementcol C$748
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$341K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$140K
Other incomeLn 4–11$569
Gains on assetsLn 7$65K
Total revenueLn 12$141K
Assets in detailPt X, end of year
CashLn 1$341K
SavingsLn 2$0
Cash and savings togetherLn 1–2$341K
InvestmentsLn 11–13$1.1M
Other assetsLn 15$35K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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
LineStart FY20End FY20
Cash and savingsLn 1–2$65K$341K
InvestmentsLn 11–13$1.1M$1.1M
Total assetsLn 16$1.3M$1.5M
LiabilitiesLn 26$751$0
Net assetsLn 32$1.3M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$675$675
Other expenses (24a–d)Ln 24$73$0$73$0
Total functional expensesLn 25$748$0$748$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $22K$75K−$53K$1.2M 990 PDF
FY2023 −$45K$77K−$122K$1.3M 990 PDF
FY2022 $22K$76K−$53K$1.4M 990 PDF
FY2021 $60K$76K−$16K$1.4M 990 PDF
FY2020 Viewing $141K$748$140K$1.5M 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
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $140,828 across 5 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $74,923$74,923
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $569$569
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $65,336$65,336
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $140,828$140,828
Part IX · Statement of functional expenses $748 across 2 lines filed
IX-11c Accounting feesManagement $675$675
IX-24 Other expenses (24a–d)Programs $0 · Management $73 · Fundraising $0$73
IX-25 Total functional expensesPrograms $0 · Management $748 · Fundraising $0$748
Part X · Balance sheet $1,460,208 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $64,833$340,721
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,084,729$1,084,729
X-15 Other assetsStart of year $171,398$34,758
X-16 Total assetsStart of year $1,320,960$1,460,208
X-26 Total liabilitiesStart of year $751$0
X-32 Total net assets or fund balancesStart of year $1,320,209$1,460,208
X-33 Total liabilities and net assetsStart of year $1,320,960$1,460,208
Part XI · Reconciliation of net assets $1,460,208 net assets at year end
XI-1 Total revenue$140,828
XI-2 Total expenses$748
XI-3 Revenue less expenses$140,080
XI-4 Net assets at start of year$1,320,209
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$81
XI-10 Net assets at end of year$1,460,208

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

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