PENNY FOUNDATION

As filed

Subsection

03

NTEE code

T30

Classification

1200

Street

469 HORNER DR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2023

• ELIMINATE ECONOMIC INEQUALITY IN THE AFRICAN AMERICAN COMMUNITY BY GRANTMAKING, PROGRAMMING AND DONOR ADVISED FUNDS. YEAR 1 WAS ORGANIZATIONAL SET UP AND INITIAL

  Expenses $2,519,214 · Revenue $2,669,880

As filed on the 2023 return.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2023

  Revenue

  $2,677,136

  Expenses

  $2,519,214

  Contributions

  $2,669,880

  Grants paid

  $0

• 2022

  Revenue

  $1,697,715

  Expenses

  $1,443,108

  Contributions

  $1,690,017

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $570,277

  Expenses

  $323,115

  Assets (EOY)

  $329,861

• 2020 · 990-EZ

  Revenue

  $162,270

  Expenses

  $97,554

  Assets (EOY)

  $82,699

• 2019 · 990-EZ

  Revenue

  $62,458

  Expenses

  $61,081

  Assets (EOY)

  $17,983

• 2018 · 990-EZ

  Revenue

  $23,960

  Expenses

  $7,354

  Assets (EOY)

  $18,439

• 2018 · 990-EZ

  Revenue

  $23,960

  Expenses

  $7,354

  Assets (EOY)

  $18,439

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Form 990-N e-Postcard, tax year 2017

Tax period

1 January 2017 to 31 December 2017

Principal officer

Lyord Watson

Mailing address

469 Horner DrBirmingham AL 35206

Website

www.penny.foundation

As filed, from the IRS e-Postcard file of 2 November 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• NATIONAL URBAN LEAGUE INC

  $150,000

  2024 · DIRECT GRANTS TO SMALL BUSINESSES

• NEW VENTURE FUND

  $140,000

  2024 · ENVIRONMENTAL PROGRAMS

• NAACP EMPOWERMENT PROGRAMS INC

  $106,325

  2024 · BCVF GRANT TO STRENGTHEN CIVIC ENGAGEMENT AND VOTER PARTICIPATION IN BLACK COMMUNITIES

• BVM CAPACITY BUILDING INSTITUTE INC

  $75,000

  2024 · GOTV/Voter Registration

• TIDES FOUNDATION

  $50,000

  2024 · EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT

• MOORE IMPACT INC

  $50,000

  2023 · FOR GENERAL OPERATING SUPPORT

• NATIONAL LEAGUE OF CITIES INSTITUTE INC

  $30,000

  2023 · IMPROVE FINANCIAL STABILITY OF RESIDENTS

• NEO PHILANTHROPY INC

  $25,000

  2023 · Program Grant

• THE COMMUNITY FOUNDATION OF GREATER BIRMINGHAM

  $15,000

  2022 · THRIVING COMMUNITIES

• SOLIDAIRE NETWORK INC

  $15,000

  2022 · General Support for 501(c)(3) activities for Woke Vote

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files