NonprofitsPenny Foundation

Public Foundations

Penny Foundation

BIRMINGHAM, AL

Total revenue

$8.6M

Total expenses

$8.5M

Net assets

$829K

Grants received

$1.1M

30 grants

EIN

823036091

Tax year

2024

Mission

Connecting people, organizations, and resources in the area of education, community development, and economic development.

Financials

FY 2024

Revenue

Contributions & grants$8.6M
Program service revenue
Investment income$4K
Other revenue
Total revenue$8.6M

Expenses

Grants paid
Salaries & benefits$477K
Fundraising
Other expenses$8.0M
Total expenses$8.5M
Total assets$829K
Net assets$829K

People

18 listed

NameRoleCompensation

CHARLIE GLOVER

BOARD CHAIR

Board

1 hrs/wk

FLORESHA WATKINS

BOARD MEMBER

Board

1 hrs/wk

MAURI ROBINSON

BOARD MEMBER

Board

1 hrs/wk

JOHN LONG

BOARD MEMBER

Board

1 hrs/wk

JULIAN GRANT

BOARD MEMBER

Board

1 hrs/wk

MARTHA SIMS

BOARD MEMBER

Board

1 hrs/wk

KHADIJAH ABDULLAH

BOARD MEMBER

Board

1 hrs/wk

HERSCHELL HAMILTON

BOARD MEMBER

Board

1 hrs/wk

TIMOTHY B CLAY

TREASURER

Board

1 hrs/wk

BRITTNEY TAYLOR

BOARD MEMBER

Board

1 hrs/wk

COREY GREEN

BOARD MEMBER

Board

1 hrs/wk

JANINE SMITH

BOARD MEMBER

Board

1 hrs/wk

LISA WILLIAMS

SECRETARY

Board

1 hrs/wk

WALTER TURNER

BOARD MEMBER

Board

1 hrs/wk

EBONI LITTLE

BOARD MEMBER

Board

1 hrs/wk

BOB DICKERSON

BOARD MEMBER

Board

1 hrs/wk

LYORD WASTSON

CEO

Board

40 hrs/wk

TRACY REESE MOORE

CFO

Board

40 hrs/wk

Grants received

Showing 30 of 30

FromAmountPurposeYear
$150K
DIRECT GRANTS TO SMALL BUSINESSES
2024
$140K
ENVIRONMENTAL PROGRAMS
2024
$106K
BCVF GRANT TO STRENGTHEN CIVIC ENGAGEMENT AND VOTER PARTICIPATION IN BLACK COMMUNITIES
2024
$75K
GOTV/Voter Registration
2024
$50K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2024
$3K
COMMUNITY SPONSORSHIP
2024
$200K
CORE SUPPORT FOR THE GARDEN GRANT'S GLOBAL PILOT OF "GROW SOMETHING BEAUTIFUL" TO FACILITATE NEW OPPORTUNITIES FOR ARTISTS TO GALVANIZE THEIR COMMUNITIES AND AMPLIFY THE CONVERSATIONS IN EXPANDING THE UTILIZATION OF ART AS A TOOL OF CIVIC ENGAGEMENT
2023
$60K
GENERAL/OPERATING
2023
$50K
FOR GENERAL OPERATING SUPPORT
2023
$30K
IMPROVE FINANCIAL STABILITY OF RESIDENTS
2023
$25K
Program Grant
2023
$10K
GENERAL/OPERATING
2023
$8K
For grant recipient's exempt purposes
2023
$5K
2023 AUGUST SPONSOR
2023
$5K
ALLSTATE FOUNDATIONS 2023 REQUEST FOR PROPOSALS INCLUSIVE ECONOMIC OPPORTUNITY
2023
$3K
PROGRAM/OPERATING SUPPORT
2023
$3K
COMMUNITY SPONSORSHIP
2023
$3K
PUBLIC CHARITY
2023
$18K
NORTHSIDE GRANTS, OPERATING SUPPORT
2022
$15K
THRIVING COMMUNITIES
2022
$15K
General Support for 501(c)(3) activities for Woke Vote
2022
$15K
FOR THE SMITHFIELD COMMUNITY MARKET
2022
$10K
GUARANTEED INCOME PILOT FOR THAT CITY
2022
$5K
GENERAL/OPERATING
2022
$3K
COMMUNITY SPONSORSHIP
2022
$3K
Program Support
2022
$25K
OPERATING SUPPORT OF ORGANIZATION
2021
$25K
TO PROMOTE CHARITABLE CAUSE
2020
$6K
General Support
2020

Funded by

$1.1M from 25 funders · 30 grants · 2020–2024

The Ford Foundation

$200K · 1 grant · 2023

National Urban League Inc

$150K · 1 grant · 2024

New Venture Fund

$140K · 1 grant · 2024

Naacp Empowerment Programs Inc

$106K · 1 grant · 2024

Alabama Power Foundation Inc

$75K · 3 grants · 2022–2023

Moore Impact Inc

$50K · 1 grant · 2023

Tides Foundation

$50K · 1 grant · 2024

Details

EIN823036091
NTEE codeT30
Subsection03
Ruling date2018-07
Formed2018
Employees5
PENNY FOUNDATION — Mission, Financials & Grants Received | Grantivo