PENNY FOUNDATION

2024 · Form 990 · revenue $8.6M · expenses $8.5M · assets $829K

EIN

82-3036091

Address

469 HORNER DR, BIRMINGHAM, AL 35206-2206

Website

https://pennyfoundation.org

NTEE code

T30

Exempt type

501(c)(3): charitable, religious, educational, scientific or literary (corporation)

Ruling date

July 2018 (when the IRS recognized its exemption)

IRS status

Exempt (unconditional) (IRS Business Master File) IRS data ↗

Tax-deductible donations

Yes: listed in IRS Publication 78 (public charity) Pub 78 ↗

Foundation status

Public charity supported by the public (170(b)(1)(a)(vi))

Principal officer

Lyord Watson (its 2017 Form 990-N)

Form 990-N e-postcards

1 filed, 2017 (organizations with gross receipts normally $50,000 or less file this instead of a full Form 990) IRS data ↗

Cross-check

ProPublica Nonprofit Explorer

Mission

CONNECTING PEOPLE, ORGANIZATIONS, AND RESOURCES IN THE AREA OF EDUCATION, COMMUNITY DEVELOPMENT, AND ECONOMIC DEVELOPMENT.

Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).

People paid by the organization

None of the 23 people listed on these returns reported compensation from the organization. They are listed below.

Officers and directors, no compensation reported

23 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.

People by year

Highest-paid independent contractors

No independent contractors reported.

Who gave

Contributor names are not public for this form type.

Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.

Finances

Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.

Connected to

Organizations that list some of the same people on their returns (officers, directors, key employees on this organization’s latest return), and related organizations it lists on Schedule R.

• BIRMINGHAM BUSINESS ALLIANCE Birmingham, AL · 2 people in common (Bob Dickerson, Herschell L Hamilton)
• NATIONAL COMMUNITY REINVESTMENT COALITION INC Washington, DC · 1 person in common (Bob Dickerson)
• BRONZE VALLEY CORP Birmingham, AL · 1 person in common (Herschell L Hamilton)
• HISPANIC AND IMMIGRANT CENTER OF Birmingham, AL · 1 person in common (Bob Dickerson)
• NCRC COMMUNITY DEVELOPMENT FUND INC Washington, DC · 1 person in common (Bob Dickerson)
• A G GASTON BOYS AND GIRLS CLUB INC Birmingham, AL · 1 person in common (Bob Dickerson)
• HOUSING REINVESTMENT CORPORATION OF AMERICA Washington, DC · 1 person in common (Bob Dickerson)
• LEADERSHIP BIRMINGHAM INC AN Birmingham, AL · 1 person in common (Herschell L Hamilton)
• BALLARD HOUSE PROJECT INC Birmingham, AL · 1 person in common (Herschell L Hamilton)

Funders of this organization

27 grantors reported grants to this organization, $1,906,282 in all, tax years 2020 to 2024; the 25 largest shown (all 27). Exact: the grantor wrote this organization's EIN. Fuzzy: the grantor wrote only a name (foundations' 990-PF has no EIN field), matched to the same or a near-identical name in the same state; the name as filed is shown. From the latest return for each grantor and year, so amended returns aren't counted twice. CSV

Similar organizations

Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only · More (100)

Who funds organizations like this

Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).

The full list · all similar organizations

Where the money went

Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

Federal grants and contracts

Awards from USAspending.gov to a recipient with this organization's name and zip code. Obligations by federal fiscal year (October to September); each award links to its page on usaspending.gov.