Nonprofit · EIN 46-1452896
PENNIES FROM HEAVEN FOUNDATION
Tax-exempt · MUSKEGON, MI 49440
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,162,057 | $1,075,394 | $4,086,663 | $23,813,826 | $26,290 | $23,787,536 |
| December 31, 2024 | 990 | $690,877 | $1,020,077 | -$329,200 | $22,162,065 | $5,366 | $22,156,699 |
| December 31, 2023 | 990 | $563,290 | $856,813 | -$293,523 | $21,463,251 | $3,382 | $21,459,869 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $5,200
- Program service revenue
- $0
- Investment income
- $5,005,056
- Net rental income
- $147,002
- Net gain from sales of assets
- $4,597,684
- Other revenue
- $151,801
Expenses
- Grants and similar amounts paid
- $743,022
- Compensation of officers, directors and key employees
- $80,003
- Salaries, compensation and benefits (total)
- $101,538
- Professional fundraising fees
- $0
- Depreciation
- $45,873
- Program services (functional)
- $1,005,461
- Management and general (functional)
- $69,933
Balance sheet and other
- Total assets, start of year
- $22,162,065
- Total assets, end of year
- $23,813,826
- Total liabilities, end of year
- $26,290
- Net assets, end of year
- $23,787,536
- Land, buildings and equipment
- $4,292,428
- Publicly traded securities
- $16,014,451
- Net assets without donor restrictions
- $23,787,536
- Gross receipts
- $8,581,542
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2012
- State of legal domicile
- MI
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JANELLE MAIR | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $110,005 | $26,431 |
| MONICA JEWELL | EXECUTIVE DIRECTOR Officer | 40 | $0 | $70,161 | $12,779 |
| JOHN WILSON | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANITA WILSON | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRANDY MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TARA AUTREY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| HEIDI SYSTEMA | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $99,554 | $27,931 |
| MONICA JEWELL | EXECUTIVE DIRECTOR Officer | 40 | $0 | $71,113 | $11,863 |
| JOHN WILSON | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANITA WILSON | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BOB CHAPLA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR SUE HENRY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATHY MACLEAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| HEIDI SYSTEMA | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $96,668 | $30,420 |
| MONICA JEWELL | EXECUTIVE DIRECTOR Officer | 40 | $0 | $71,340 | $16,998 |
| JOHN WILSON | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANITA WILSON | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BOB CHAPLA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR SUE HENRY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATHY MACLEAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 425 W WESTERN AVE STE 200, MUSKEGON, MI 49440-1101
- Principal officer (990 for 2025)
- TODD JACOBS, 425 W WESTERN AVE 200, MUSKEGON, MI 49440
- Signed the 990
- TODD JACOBS, PRESIDENT
- Phone
- (231) 722-4538
- Website
- WWW.MUSKEGONFOUNDATION.ORG
- Return prepared by
- REHMANN ROBSON LLC
Mission
NONE
Program accomplishments
- THE ORGANIZATION WAS FORMED IN 2012 AS A SUPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION FOR MUSKEGON COUNTY COMMITTED TO FURTHERING THE PHILANTROPIC ACTIVITIES OF THAT ORGANIZATION.Expenses $1,005,461 · grants $743,022
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1452896
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $23,813,826
- Income (IRS master file)
- $8,581,542
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,162,057 | $1,075,394 | $23,813,826 | XML |
| 990 | December 2024 | $690,877 | $1,020,077 | $22,162,065 | XML |
| 990 | December 2023 | $563,290 | $856,813 | $21,463,251 | XML |
| 990 | December 2022 | $467,879 | $1,230,661 | $20,193,280 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 46-1452896).
Questions about PENNIES FROM HEAVEN FOUNDATION
- What is the EIN of PENNIES FROM HEAVEN FOUNDATION?
- The employer identification number (EIN) of PENNIES FROM HEAVEN FOUNDATION is 46-1452896.
- Is PENNIES FROM HEAVEN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to PENNIES FROM HEAVEN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does PENNIES FROM HEAVEN FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PENNIES FROM HEAVEN FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PENNIES FROM HEAVEN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PENNIES FROM HEAVEN FOUNDATION?
- The 990 for the year ended December 31, 2025 names TODD JACOBS.
- Who are the officers and directors of PENNIES FROM HEAVEN FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does PENNIES FROM HEAVEN FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,162,057, expenses of $1,075,394 and total assets of $23,813,826 at year end.
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