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Nonprofiteer
← PENN FOUNDATION TRUST

Form 990 for tax year 2023

Filed by PENN FOUNDATION TRUST.

Totals

Total revenue
$382,632
Total expenses
$186,054
Contributions and grants received
$35,019
Grants paid
$130,488
Program service revenue
$0
Investment income
$347,553
Other revenue
$60
Total assets, end of year
$7,894,032
Total liabilities, end of year
$36,939
Net assets or fund balances, end of year
$7,857,093
Program services expenses (Part IX)
$130,488
Management and general expenses
$55,566
Fundraising expenses
$0
Program service expenses (Part III)
$130,488

Program services were 70.1% 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.

  • 1f · All other contributions, gifts and grants

    $35,019

  • 3 · Investment income

    total $143,891 · excluded $143,891

  • 7a · Gross sales of assets other than inventory

    securities $1,346,350

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

    securities $1,142,688

  • 7c · Gain or loss

    securities $203,662

  • 7d · Net gain or loss

    total $203,662 · excluded $203,662

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $60 · related or exempt $60

  • 11e · Other revenue, total

    $60

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $130,488 · program services $130,488

  • 11c · Fees: accounting

    total $14,839 · management and general $14,839

  • 11f · Fees: investment management

    total $36,979 · management and general $36,979

  • 23 · Insurance

    total $3,531 · management and general $3,531

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $217 · management and general $217

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $173,175 · end of year $98,068

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,531 · end of year $3,504

  • 11 · Investments: publicly traded securities

    beginning of year $6,536,388 · end of year $7,342,460

  • 15 · Other assets

    beginning of year $560,000 · end of year $450,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $960 · end of year $977

  • 25 · Other liabilities

    beginning of year $43,037 · end of year $35,962

  • 27 · Net assets without donor restrictions

    beginning of year $6,414,325 · end of year $7,022,224

  • 28 · Net assets with donor restrictions

    beginning of year $814,772 · end of year $834,869

Mission and programs · 2023

Mission

TO RECEIVE CHARITABLE CONTRIBUTIONS, GRANTS, AND DONATIONS FOR THE PURPOSE OF ESTABLISHING, MAINTAINING, AND ADMINISTERING AN ENDOWMENT FUND AND OTHER FUNDS FOR THE BENEFIT OF PENN FOUNDATION, INC.

  • BEHAVIORAL HEALTH PROGRAMS

    Expenses $100,000 · Grants $100,000

  • MOYER LIBRARY

    Expenses $18,266 · Grants $18,266

  • DRUG & ALCOHOL PROGRAMS

    Expenses $11,452 · Grants $11,452

  • ART PROGRAMS AND VOH BIKE

    Expenses $770 · Grants $770

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • H Bruce Detweiler

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Marvin Anders

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Charles Amuso

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dr Donald Kraybill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Margaret Zook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.0
Source object
202423169349301772

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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