Nonprofit · EIN 37-1904998
WILLIAM N PENNINGTON FOUNDATION
Tax-exempt · RENO, NV 89510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $31,499,388 | $33,519,966 | -$2,020,578 | $481,770,822 | $985,000 | $480,785,822 |
| December 31, 2023 | 990-PF | $13,768,618 | $33,593,329 | -$19,824,711 | $490,037,210 | $5,466,414 | $484,570,796 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $10,867,670
- Interest
- $567,116
- Net gain from sales of assets
- $14,604,837
- Other income
- $5,459,765
Expenses
- Grants and similar amounts paid
- $28,854,083
- Compensation of officers, directors and key employees
- $1,080,900
- Salaries, compensation and benefits (total)
- $528,750
- Disbursements for charitable purposes
- $34,870,955
- Excise tax on investment income
- $304,837
Balance sheet and other
- Total assets, start of year
- $490,037,210
- Total assets, end of year
- $481,770,822
- Total liabilities, end of year
- $985,000
- Net assets, end of year
- $480,785,822
- Fair market value of assets
- $703,304,062
- Qualifying distributions
- $34,870,955
- Net investment income
- $24,195,543
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD P BANIS PO BOX 7290, RENO, NV 895107290 | CO-PRESIDENT | 20 | $300,000 |
| FRED V SCARPELLO PO BOX 7290, RENO, NV 895107290 | CO-PRESIDENT | 20 | $300,000 |
| GRANT D ANDERSON III PO BOX 7290, RENO, NV 895107290 | TREASURER/CFO | 40 | $300,000 |
| RACQUEL BRIDGEWATER PO BOX 7290, RENO, NV 895107290 | SECRETARY/GRANTS MANAGER | 40 | $180,900 |
| RICHARD STOLTZ PO BOX 7290, RENO, NV 89510 | GRANTS COORDINATOR Highest-paid employee | 40 | $143,800 |
| MICHAEL ARCINIEGA PO BOX 7290, RENO, NV 89510 | GRANTS AUDITOR Highest-paid employee | 40 | $119,300 |
| TERRI LANGEL PO BOX 7290, RENO, NV 89510 | ACCTG CLERK/MAINT Highest-paid employee | 40 | $71,100 |
| ROBIN LANGEL PO BOX 7290, RENO, NV 89510 | MAINTENANCE SUPERVIS Highest-paid employee | 40 | $71,100 |
| VICTOR NAJERA PO BOX 7290, RENO, NV 89510 | MAINTENANCE Highest-paid employee | 40 | $65,100 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD P BANIS PO BOX 7290, RENO, NV 895107290 | CO-PRESIDENT | 20 | $300,000 |
| FRED V SCARPELLO PO BOX 7290, RENO, NV 895107290 | CO-PRESIDENT | 20 | $300,000 |
| GRANT D ANDERSON III PO BOX 7290, RENO, NV 895107290 | TREASURER/CFO | 40 | $300,000 |
| RACQUEL BRIDGEWATER PO BOX 7290, RENO, NV 895107290 | SECRETARY/GRANTS MANAGER | 40 | $180,900 |
| RICHARD STOLTZ PO BOX 7290, RENO, NV 89510 | GRANTS COORDINATOR Highest-paid employee | 40 | $143,800 |
| MICHAEL ARCINIEGA PO BOX 7290, RENO, NV 89510 | GRANTS AUDITOR Highest-paid employee | 40 | $109,300 |
| TERRI LANGEL PO BOX 7290, RENO, NV 89510 | ACCTG CLERK/MAINT Highest-paid employee | 40 | $68,700 |
| ROBIN LANGEL PO BOX 7290, RENO, NV 89510 | MAINTENANCE SUPERVIS Highest-paid employee | 40 | $68,700 |
| JENNIFER ECKNER PO BOX 7290, RENO, NV 89510 | ADMINISTRATIVE ASSIS Highest-paid employee | 40 | $56,400 |
Address and contacts
- Address (IRS master file)
- PO BOX 7290, RENO, NV 89510-7290
- Signed the 990-PF
- GRANT D ANDERSON III, TREASURER
- Phone
- (775) 333-9100
- Return prepared by
- ANDERSEN TAX
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 37-1904998
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T19)
- Assets (IRS master file)
- $481,770,822
- Income (IRS master file)
- $92,006,426
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $31,499,388 | $33,519,966 | $481,770,822 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $13,768,618 | $33,593,329 | $490,037,210 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-1904998).
Questions about WILLIAM N PENNINGTON FOUNDATION
- What is the EIN of WILLIAM N PENNINGTON FOUNDATION?
- The employer identification number (EIN) of WILLIAM N PENNINGTON FOUNDATION is 37-1904998.
- Is WILLIAM N PENNINGTON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to WILLIAM N PENNINGTON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WILLIAM N PENNINGTON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WILLIAM N PENNINGTON FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WILLIAM N PENNINGTON FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of WILLIAM N PENNINGTON FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 9 received compensation from the organization, the highest $300,000 (RICHARD P BANIS, CO-PRESIDENT).
- How much revenue does WILLIAM N PENNINGTON FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $31,499,388, expenses of $33,519,966 and total assets of $481,770,822 at year end.
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