Civic Intelligence

The Penney Richards Memorial Fund

EIN 27-3171543 • 501(c)3 • North Reading, MA

Profile

To provide scholarshps and similar awards to students pursuing an education in the healing arts, particularly the field of oncology.

15 Leland RoadNorth Reading, MA 01864

www.penneyrichards.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

13th percentile

-59%

Higher net margin than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

34th percentile

-16%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

50th percentile

-2.5%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$38,200

Down $7,524 (-16%) from 2024

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$38,200

Down $7,524 (-16%) from 2024

Operations
Liabilities / RevenueScore unavailableNet Margin13th percentile

Revenue

Down

$12,655

Down $330 (-2.5%) from 2024

Expenses

Up

$20,179

Up $16,925 (+520%) from 2024

Net Income

Down

-$7,524

Down $17,255 (-177%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth34th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2017: $29,712Net Assets 2017: $29,7122017Assets 2018: $36,769Net Assets 2018: $36,7692018Assets 2019: $34,683Net Assets 2019: $34,6832019Assets 2020: $28,567Net Assets 2020: $28,5672020Assets 2021: $30,073Net Assets 2021: $30,0732021Assets 2022: $34,485Net Assets 2022: $34,4852022Assets 2023: $35,993Net Assets 2023: $35,9932023Assets 2024: $45,724Net Assets 2024: $45,7242024Assets 2025: $38,200Net Assets 2025: $38,2002025

Highlighted filing

2025

Assets$38,200
Liabilities-
Net Assets$38,200
Open 2025 Filing

Operations Trend

Revenue Growth50th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30K$20K$10K$0-$10KRevenue 2017: $11,865Expenses 2017: $13,159Net Income 2017: -$1,2942017Revenue 2018: $13,345Expenses 2018: $6,288Net Income 2018: $7,0572018Revenue 2019: $8,514Expenses 2019: $10,600Net Income 2019: -$2,0862019Revenue 2020: $15,349Expenses 2020: $21,464Net Income 2020: -$6,1152020Revenue 2021: $8,660Expenses 2021: $7,154Net Income 2021: $1,5062021Revenue 2022: $11,565Expenses 2022: $7,153Net Income 2022: $4,4122022Revenue 2023: $11,697Expenses 2023: $10,189Net Income 2023: $1,5082023Revenue 2024: $12,985Expenses 2024: $3,254Net Income 2024: $9,7312024Revenue 2025: $12,655Expenses 2025: $20,179Net Income 2025: -$7,5242025

Highlighted filing

2025

Revenue$12,655
Expenses$20,179
Net Income-$7,524
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,200
Liabilities
-
Net assets
$38,200
Revenue
$12,655
Expenses
$20,179
Net income
-$7,524
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$38.2$38.2$12.7$20.2$7.52
2024Detailed filing. Detailed filing data is available for this year.$45.7$45.7$13.0$3.25$9.73
2023Detailed filing. Detailed filing data is available for this year.$36.0$36.0$11.7$10.2$1.51
2022Detailed filing. Detailed filing data is available for this year.$34.5$34.5$11.6$7.15$4.41
2021Detailed filing. Detailed filing data is available for this year.$30.1$30.1$8.66$7.15$1.51
2020Detailed filing. Detailed filing data is available for this year.$28.6$28.6$15.3$21.5$6.12
2019Detailed filing. Detailed filing data is available for this year.$34.7$34.7$8.51$10.6$2.09
2018Detailed filing. Detailed filing data is available for this year.$36.8$36.8$13.3$6.29$7.06
2017Detailed filing. Detailed filing data is available for this year.$29.7$29.7$11.9$13.2$1.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Aug 15, 2025
Return Version
2024v5.0
Gross Receipts
$12,655
Mission and Program Overview

Mission

To provide scholarshps and similar awards to students pursuing an education in the healing arts, particularly the field of oncology.

Program Services

DescriptionGrantsExpenses
ACADEMIC SCHOLARSHIPS AWARDED-$19,500
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PENNY RICHARDSPresidentPT$0--
DAVID RICHARDSTreasurer AnPT$0--
TED MORANG SRDirector-$0--
SARAH HEWETTDirector-$0--
CHARLES HOLLORAN JRDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Penney Richards Memorial Fund
EIN
27-3171543
Phone
9784234655
Address
15 LELAND ROAD, NORTH READING, MA 01864

Signing Officer

Name
David Richards
Title
Treasurer and Clerk
Phone
9784234655
Signed
2025-08-15
Discuss with paid preparer
Yes

Preparer

Firm
Chiuve & Company Pc
Address
220 BROADWAY SUITE 301, LYNNFIELD, MA 01940
Preparer
Karen J Chiuve CPA
Phone
9787774500
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office 25 scholarship awards 19,500 state filing fees 54 total 19,579”

Form 990-ez, Part III

“To provide scholarshps and similar awards to students pursuing an education in the healing arts, particularly the field of oncology.”

Raw XML Appendix142 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum09784234655
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NORTH READING
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
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IRS990EZ/GrossReceiptsAmt012655
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0PENNY RICHARDS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DAVID RICHARDS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2TED MORANG SR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3SARAH HEWETT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4CHARLES HOLLORAN JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER AN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt019579
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ACADEMIC SCHOLARSHIPS AWARDED
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt019500
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsNetIncomeLossAmt010033
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt020179
IRS990EZ/TotalProgramServiceExpensesAmt019500
IRS990EZ/TotalRevenueAmt012655
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTP://WWW.PENNEYRICHARDS.COM
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02622
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt04761
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt037391
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE 25 SCHOLARSHIP AWARDS 19,500 STATE FILING FEES 54 TOTAL 19,579
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO PROVIDE SCHOLARSHPS AND SIMILAR AWARDS TO STUDENTS PURSUING AN EDUCATION IN THE HEALING ARTS, PARTICULARLY THE FIELD OF ONCOLOGY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID RICHARDS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER AND CLERK
ReturnHeader/BusinessOfficerGrp/PhoneNum09784234655
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE PENNEY RICHARDS MEMORIAL FUND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0PENN
ReturnHeader/Filer/EIN0273171543
ReturnHeader/Filer/PhoneNum09784234655
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ReturnHeader/Filer/USAddress/CityNm0NORTH READING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LYNNFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001940
ReturnHeader/PreparerPersonGrp/PhoneNum09787774500
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN J CHIUVE CPA
ReturnHeader/ReturnTs02025-08-21T11:25:32-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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