Civic Intelligence

The Penny Foundation

990EZ • Fiscal year 2019 • EIN 82-3036091

Jan 01, 2019 to Dec 31, 2019 • Filed on May 22, 2020

Organization Profilepennyfoundation.org
PO Box 13181Birmingham, AL 35203

(205) 677-8361

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

47th percentile

2.2%

Higher net margin than 47% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

39th percentile

-2.5%

Faster asset growth than 39% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

95th percentile

161%

Faster revenue growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$17,983

Down $456 (-2.5%) from 2018

Net Assets

Up

$17,983

Up $1,377 (+8.3%) from 2018

Liabilities

Down

$0

Down $1,833 (-100%) from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin47th percentile

Revenue

Up

$62,458

Up $38,498 (+161%) from 2018

Expenses

Up

$61,081

Up $53,727 (+731%) from 2018

Net Income

Down

$1,377

Down $15,229 (-92%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2018: $18,439Liabilities 2018: $1,833Net Assets 2018: $16,6062018Assets 2019: $17,983Liabilities 2019: $0Net Assets 2019: $17,9832019Assets 2020: $82,699Liabilities 2020: $0Net Assets 2020: $82,6992020Assets 2021: $329,861Liabilities 2021: $0Net Assets 2021: $329,8612021Assets 2022: $590,814Liabilities 2022: $6,346Net Assets 2022: $584,4682022Assets 2023: $761,552Liabilities 2023: $19,162Net Assets 2023: $742,3902023Assets 2024: $828,543Liabilities 2024: $0Net Assets 2024: $828,5432024

Highlighted filing

2019

Assets$17,983
Liabilities$0
Net Assets$17,983
Open 2019 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0Revenue 2018: $23,960Expenses 2018: $7,354Net Income 2018: $16,6062018Revenue 2019: $62,458Expenses 2019: $61,081Net Income 2019: $1,3772019Revenue 2020: $162,270Expenses 2020: $97,554Net Income 2020: $64,7162020Revenue 2021: $570,277Expenses 2021: $323,115Net Income 2021: $247,1622021Revenue 2022: $1,697,715Expenses 2022: $1,443,108Net Income 2022: $254,6072022Revenue 2023: $2,677,136Expenses 2023: $2,519,214Net Income 2023: $157,9222023Revenue 2024: $8,600,524Expenses 2024: $8,514,371Net Income 2024: $86,1532024

Highlighted filing

2019

Revenue$62,458
Expenses$61,081
Net Income$1,377
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 22, 2020
Return Version
2019v5.1
Gross Receipts
$62,458
Mission and Program Overview

Mission

Eliminate economic inequality in AA Cmty

Program Services

DescriptionGrantsExpenses
Eliminate economic inequality in the African American community by grantmaking, programming and donor advised funds. Year 1 was organizational set up and initial fundraising.-$61,081
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lyord WatsonExecutive DirectorFT$0--
Jason EppengerChairman-$0--
Charlie GloverVpsecretary-$0--
Martha EmmettBoard Member-$0--
Khadijah AbdullahBoard Member-$0--
Herschell HamiltonBoard Member-$0--
Timothy B ClayTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
The Penny Foundation
EIN
82-3036091
Address
PO Box 13181, Birmingham, AL 35203

Signing Officer

Name
Lyord Watson
Title
Executive Direc
Phone
2058365861
Signed
2020-05-22
Discuss with paid preparer
No

Preparer

Firm
Insighters Inc
Address
4120-B 2nd Ave S, Birmingham, AL 35222
Preparer
Timothy B Clay
Phone
2054259000
Supplemental Narrative

Additional Explanations

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearAccounts Payable 1,833 0”

Raw XML Appendix165 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
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IRS990EZ/PrintingPublicationsPostageAmt043562
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt061081
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
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ReturnHeader/BuildTS02020-11-19 02:30:22Z
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ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 13181
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ReturnHeader/PreparerPersonGrp/PhoneNum02054259000
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Timothy B Clay
ReturnHeader/ReturnTs02020-06-22T11:28:16-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,983
Liabilities
$0
Net assets
$17,983
Revenue
$62,458
Expenses
$61,081
Net income
$1,377
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.00$0.83$8.60$8.51$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.76$0.02$0.74$2.68$2.52$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.59$0.01$0.58$1.70$1.44$0.25
2021Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.57$0.32$0.25
2020Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.16$0.10$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.06$0.06$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.02$0.01$0.02