Civic Intelligence

The Ernestine L Penry Scholarship Foundation Inc

EIN 56-1285282 • 501(c)3 • New Bern, NC

Profile

The purpose of the Foundation is to further the education of ministerial students and assist others in full time Christian work.

408 Metcalf StreetNew Bern, NC 28560
Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

42nd percentile

1.0%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

11th percentile

-29%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$1,033,589

Up $9,853 (+1.0%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$1,033,589

Up $9,853 (+1.0%) from 2024

Operations
Liabilities / Revenue20th percentileNet Margin65th percentile

Revenue

Down

$74,332

Down $30,413 (-29%) from 2024

Expenses

Up

$64,470

Up $14,387 (+29%) from 2024

Net Income

Down

$9,862

Down $44,800 (-82%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

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

$1.5M$1.0M$500K$0Assets 2024: $1,023,736Liabilities 2024: $0Net Assets 2024: $1,023,7362024Assets 2025: $1,033,589Liabilities 2025: $0Net Assets 2025: $1,033,5892025

Highlighted filing

2025

Assets$1,033,589
Liabilities$0
Net Assets$1,033,589
Open 2025 Filing

Operations Trend

Revenue Growth11th percentile

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

$150K$100K$50K$0Revenue 2024: $104,745Expenses 2024: $50,083Net Income 2024: $54,6622024Revenue 2025: $74,332Expenses 2025: $64,470Net Income 2025: $9,8622025

Highlighted filing

2025

Revenue$74,332
Expenses$64,470
Net Income$9,862
Open 2025 Filing

Filings

Most recent year

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

Open filing
Assets
$1,033,589
Liabilities
$0
Net assets
$1,033,589
Revenue
$74,332
Expenses
$64,470
Net income
$9,862
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.07$0.06$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.10$0.05$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 1, 2024 to Nov 30, 2025
Signed
Jan 18, 2026
Return Version
2024v5.0
Gross Receipts
$74,332
Mission and Program Overview

Mission

The purpose of the Foundation is to further the education of ministerial students and assist others in full time Christian work.

The purpose of the Foundation is to further the education of ministerial students and assist others full time Christian work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$998,783$996,379▼ $2,404
Cap Stk Tr Prin Current Funds$766,945$786,607▲ $19,662
Rtn Earn Endowment Incm Other Fnds$256,782$246,982▼ $9,800
Cash and Non-Interest-Bearing Accounts$24,953$37,210▲ $12,257
Total Assets$1,023,736$1,033,589▲ $9,853
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,023,727$1,033,589▲ $9,862
Total Liabilities and Net Assets / Fund Balance$1,023,727$1,033,589▲ $9,862
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Barry CumminsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,662
Program Service Revenue
$0
Investment Income
$54,670
Other Revenue
$0
All Other Contributions
$19,662
Change in Net Assets
$9,862
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$64,250
Other Expenses$220
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$64,250--$64,250
Office Expenses-$220-$220
Total Functional Expenses$64,250$220$0$64,470
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 19

“Financial statements are provided to all board members.”

Filing and Contact Details

Filer

Filer Name
The Ernestine L Penry Scholarship Foundation Inc
EIN
56-1285282
Phone
7045918980
Address
408 METCALF STREET, NEW BERN, NC 28560

Signing Officer

Name
Barry Cummins
Title
Treasurer
Phone
7045918980
Signed
2026-01-18

Organization Details

Principal Officer
John Beard
Formed
1980
Legal Domicile
Nc
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
100
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