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Nonprofiteer
← PENN CENTER INC

Form 990 for tax year 2024

Filed by PENN CENTER INC.

Totals

Total revenue
$1,910,667
Total expenses
$1,734,547
Contributions and grants received
$1,300,237
Grants paid
$0
Program service revenue
$522,222
Investment income
$66,661
Other revenue
$21,547
Total assets, end of year
$5,766,450
Total liabilities, end of year
$710,021
Net assets or fund balances, end of year
$5,056,429
Program services expenses (Part IX)
$803,725
Management and general expenses
$756,576
Fundraising expenses
$174,246
Program service expenses (Part III)
$803,725

Program services were 46.3% 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

    $275,345

  • 1e · Government grants (contributions)

    $1,021,892

  • 1f · All other contributions, gifts and grants

    $3,000

  • 2a · Program service revenue: Conference Center program

    total $184,865 · related or exempt $184,865

  • 2b · Program service revenue: History and Culture

    total $221,904 · related or exempt $221,904

  • 2c · Program service revenue: Land Use program

    total $77,538 · related or exempt $77,538

  • 2d · Program service revenue: Membership Dues & Assessments

    total $1,100 · related or exempt $1,100

  • 2e · Program service revenue: Pace Program

    total $36,815 · related or exempt $36,815

  • 3 · Investment income

    total $66,661 · related or exempt $66,661

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $70,213

  • 8b · Fundraising events: direct expenses

    $70,213

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: unrealized gain on investments

    total $21,547 · related or exempt $21,547

  • 11e · Other revenue, total

    $21,547

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $383,120 · program services $156,999 · management and general $226,121

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $30,530 · program services $12,778 · management and general $17,752

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $21,820 · management and general $21,820

  • 11c · Fees: accounting

    total $25,800 · management and general $25,800

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $33,551 · program services $9,255 · management and general $22,708 · fundraising $1,588

  • 12 · Advertising and promotion

    total $150 · management and general $150

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $7,451 · program services $3,886 · management and general $3,565

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $12,991 · program services $1,193 · management and general $11,798

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $5,692 · management and general $5,692

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $232,570 · management and general $232,570

  • 23 · Insurance

    total $86,713 · program services $62,600 · management and general $24,078 · fundraising $35

  • 24a · Other expenses: Contract Labor and consulting

    total $214,479 · program services $84,393 · management and general $129,118 · fundraising $968

  • 24b · Other expenses: Utilities

    total $176,443 · program services $119,356 · management and general $57,087

  • 24c · Other expenses: other expense

    total $172,640 · program services $339 · management and general $4,871 · fundraising $167,430

  • 24d · Other expenses: Repairs and Maintenance

    total $132,785 · program services $113,664 · management and general $17,610 · fundraising $1,511

  • 24e · All other expenses

    total $197,812 · program services $239,262 · management and general -$44,164 · fundraising $2,714

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $249,747 · end of year $34,949

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $60,000 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $16,170 · end of year $24,115

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,734 · end of year $75,530

  • 10a · Land, buildings and equipment: cost or other basis

    $9,081,981

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,905,792

  • 10c · Land, buildings and equipment, net

    beginning of year $4,119,324 · end of year $4,176,189

  • 11 · Investments: publicly traded securities

    beginning of year $2,440,207 · end of year $1,387,757

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $62,900 · end of year $67,910

  • 17 · Accounts payable and accrued expenses

    beginning of year $448,578 · end of year $196,576

  • 19 · Deferred revenue

    beginning of year $1,386,203 · end of year $330,490

  • 23 · Secured mortgages and notes payable

    beginning of year $141,414 · end of year $135,116

  • 24 · Unsecured notes and loans payable

    beginning of year $51,351 · end of year $44,232

  • 25 · Other liabilities

    beginning of year $2,381 · end of year $3,607

  • 27 · Net assets without donor restrictions

    beginning of year $3,584,952 · end of year $4,725,939

  • 28 · Net assets with donor restrictions

    beginning of year $1,386,203 · end of year $330,490

Mission and programs · 2024

Mission

The mission of Penn Center is to promote and preserve Penn's true history and culture through it's commitment to education, community development and social justice.

  • The Conference Center program provides food, lodging and conference center facilities for visitors to the Penn Center and for program participants studying Penn Center history, purpose and mission.

    Expenses $362,811 · Revenue $184,865

  • The History and Culture Program collects, documents, preserves and disseminates information related to the cultural heritage of the Sea Island and Lowcountry African-American culture. To meet these needs, the program operates the York W. Bailey Museum and Gift Shop and maintains the Laura M. Towne Archives and Library. Program staff provides tours and lectures and develops and implements public programs such as the annual Penn Center Heritage Days Celebration.

    Expenses $219,192 · Revenue $221,904

  • The PACE program provides programs assisting Beaufort County Youth with academic achievement, homework assistance and curriculum centered on the Sea Islands Heritage. It also provides Child Care services for children aged 6 months-5 years, and After School and Summer Camp programs for youth aged 6-18 Years. The program also provides a Summer Feeding program for Beaufort County youth to replace food needs when school is out of session during Summer recess months. This is an essential part of the nutritional needs of Beaufort County youth during periods of school inactivity/summer recess.

    Expenses $137,494 · Revenue $36,815

  • The Land Program assists native Sea Islanders in preserving and maintaining their land and cultural practices in the midst of environmental changes. Concentration is on citizen education, land use planning reform and sustainable economic development. General program activities include assistance with issues pertaining to taxes, heir's property and community organization im addition to maintaining donated real property assets.

    Expenses $84,228 · Revenue $77,538

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Deloris Pringle

    Chairman

    Total calculated
    $0
    Hours/week
    10
  • Thomas C Barnwell Jr Life trustee

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Clifford Bush III Emeritus Trustee

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Emory S Campbell Emeritus Trustee

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Ruby G Flateau-Fielding

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Charles S Johnson

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Dr Barbara McCaskill

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Cynthia H Porcher

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Dr Vashti Washington

    Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Tia Powell-Harris

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Anthony Simmons

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • John C Troutman Jr

    Trustee

    Total calculated
    $0
    Hours/week
    4
  • Darryl Owens

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Dr Danielle Wilkens

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • David Yoakley Mitchell

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Dr Douglas E Wood

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Johnathan Robinson Jr

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Robert Adams ED

    Executive Director

    Total calculated
    $0
    Hours/week
    50
  • Bernie Wright

    Past Executive Director

    Total calculated
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Penn Center Properties LLC

    Property ownership · SC

    Directly controlled by Penn Center Inc

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202513159349302196

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