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Nonprofiteer
← PENICK VILLAGE FOUNDATION INC

Form 990 for tax year 2023

Filed by PENICK VILLAGE FOUNDATION INC.

Totals

Total revenue
$409,111
Total expenses
$909,616
Contributions and grants received
$324,795
Grants paid
$763,695
Program service revenue
$0
Investment income
$85,622
Other revenue
-$1,306
Total assets, end of year
$3,193,712
Total liabilities, end of year
$357,179
Net assets or fund balances, end of year
$2,836,533
Program services expenses (Part IX)
$763,695
Management and general expenses
$145,921
Fundraising expenses
$0
Program service expenses (Part III)
$763,695

Program services were 84.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $4,866

  • 1f · All other contributions, gifts and grants

    $319,929

  • 3 · Investment income

    total $67,303 · excluded $67,303

  • 7a · Gross sales of assets other than inventory

    securities $18,319

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $18,319

  • 7d · Net gain or loss

    total $18,319 · excluded $18,319

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $4,866

  • 8b · Fundraising events: direct expenses

    $1,306

  • 8c · Net income from fundraising events

    total -$1,306 · excluded -$1,306

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $757,358 · program services $757,358

  • 2 · Grants to domestic individuals

    total $6,337 · program services $6,337

  • 11a · Fees: management

    total $124,246 · management and general $124,246

  • 11f · Fees: investment management

    total $13,536 · management and general $13,536

  • 24a · Other expenses: GENERAL ADMINISTRATIVE

    total $8,139 · management and general $8,139

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $560,761 · end of year $60,610

  • 2 · Savings and temporary cash investments

    beginning of year $269,108 · end of year $39,745

  • 3 · Pledges and grants receivable

    beginning of year $40,000 · end of year $40,000

  • 11 · Investments: publicly traded securities

    beginning of year $2,286,836 · end of year $3,047,503

  • 15 · Other assets

    beginning of year $5,855 · end of year $5,854

  • 17 · Accounts payable and accrued expenses

    beginning of year $308,878 · end of year $357,179

  • 27 · Net assets without donor restrictions

    beginning of year $2,331,729 · end of year $2,321,266

  • 28 · Net assets with donor restrictions

    beginning of year $521,953 · end of year $515,267

Mission and programs · 2023

Mission

PENICK VILLAGE FOUNDATION CONTINUES ITS MISSION TO RAISE AND DISTRIBUTE FUNDS TO PENICK VILLAGE, INC.

Activities or mission (Part I)

THE FOUNDATION'S MISSION IS TO RAISE AND DISTRIBUTE FUNDS TO PENICK VILLAGE, INC.

  • RAISE AND DISTRIBUTE FUNDS TO SUPPORT THE CHARITY WORK, MISSION AND VISION OF PENICK VILLAGE, INC.

    Expenses $763,695 · Grants $763,695

As filed on the 2023 return.

Listed in Part VII

  • Jim Heisey

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jim Davis

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Bob Darst

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Adair Woronoff

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Hugh Bingham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kelly Chandley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Janice Dixon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Nancy Ellis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karyn Kline

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Patty Pottle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Jim Tart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lane West

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Micah Niebauer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Joanne Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alva Cromartie

    CEO

    Total calculated
    $320,513
    From this org
    $0
    From related orgs
    $282,900
    Other
    $37,613
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,466 related
    Bonus
    $0 + $51,434 related
    Other
    $0
    Deferred
    $0 + $5,669 related
    Nontaxable benefits
    $0 + $31,944 related
    Filer's total
    $0 + $320,513 related

  • Terry Kees

    CFO-RETIRED - (2/28/2024)

    Total calculated
    $238,848
    From this org
    $0
    From related orgs
    $224,853
    Other
    $13,995
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,818 related
    Bonus
    $0 + $24,035 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,995 related
    Filer's total
    $0 + $238,848 related

  • Christopher Mooney

    CFO (AS OF 3/1/24)

    Total calculated
    $137,499
    From this org
    $0
    From related orgs
    $118,614
    Other
    $18,885
    Hours/week
    1 + 39 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION FOR THE CEO IS SET BY A PENICK VILLAGE, INC., A RELATED ORGANIZATION. PENICK VILLAGE USES THE FOLLOWING METHODS TO ESTABLISH THE CEO'S COMPENSATION. COMPENSATION COMMITTEE COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
5 August 2025
IRS schema version
2023v6.0
Source object
202542209349301634

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