Penick Village Foundation Inc
Penick Village Foundation Inc. shows strong asset growth and zero reported executive compensation over the past decade.
EIN: 201055492 · Southern Pnes, NC · NTEE: L12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $410K |
| Total Expenses | $761K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $2.9M |
| Transparency Score | 92/100 |
Search Intent Cockpit
Penick Village Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Penick Village Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Penick Village Foundation Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.8M and expenses of $761K.
Revenue and Expenses
Penick Village Foundation Inc reported $1.8M in revenue and $761K in expenses, a surplus of $1.0M.
Executive Compensation
Top officer compensation appears as $3 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
92/100 mission score, 2 red flags, and 5 strengths are shown from structured and AI review.
Is Penick Village Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $685K (90%) |
Across stored filings, Penick Village Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Cccp Community Trust | North Carolina and Category L context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Compare with Cccp Community Trust →All North Carolina nonprofits
All Category L
Local and Sector Spokes
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Southern Pnes, NC nonprofitsCategory L in North Carolina
Human Services in North Carolina
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Penick Village Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penick Village Foundation Inc
Penick Village Foundation Inc (EIN: 201055492) is a nonprofit organization based in Southern Pnes, NC, classified under NTEE code L12. The organization reported total revenue of $410K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penick Village Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penick Village Foundation Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $761K |
| Surplus / Deficit | +$1.0M |
| Total Assets | $3.2M |
| Total Liabilities | $309K |
| Net Assets | $2.9M |
| Operating Margin | 57.5% |
| Debt-to-Asset Ratio | 9.8% |
| Months of Reserves | 49.8 months |
Financial Health Grade: A
In 2023, Penick Village Foundation Inc reported a surplus of $1.0M with revenue exceeding expenses, holds 49.8 months of operating reserves (strong position), has a debt-to-asset ratio of 9.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Penick Village Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +144.2% | +6.7% | +58.4% |
| 2022 | +38.9% | +107.2% | -19.2% |
| 2021 | +12.4% | -0.1% | +20.9% |
| 2020 | -36.7% | -48.8% | +11.3% |
| 2019 | -13.6% | -6.9% | +9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Penick Village Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Penick Village Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization with assets exceeding $3 million and annual revenues often above $500,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Penick Village Foundation Inc's IRS 990 filings:
- Unusually high revenue fluctuation (e.g., $733,887 in 202209 to $1,792,416 in 202309) without clear explanation in summary data
- Consistent 0% officer compensation, which, while positive for efficiency, can sometimes mask compensation paid through related entities or complex structures.
Strengths
The following positive indicators were identified for Penick Village Foundation Inc:
- Consistent asset growth, from $1,038,951 in 201409 to $3,162,560 in 202309, demonstrating strong financial management.
- Zero reported officer compensation across all filings, indicating a high proportion of funds available for mission-related activities.
- Expenses consistently lower than revenue in most periods, leading to healthy surpluses and asset accumulation.
- Strong financial health with a significant increase in net assets over the past decade.
- Regular and consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about Penick Village Foundation Inc
Is Penick Village Foundation Inc a legitimate charity?
Penick Village Foundation Inc (EIN: 201055492) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $410K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Penick Village Foundation Inc spend its money?
Penick Village Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Penick Village Foundation Inc tax-deductible?
Penick Village Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201055492). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Penick Village Foundation Inc CEO make?
Penick Village Foundation Inc's highest-compensated officer earns $3 annually. The organization reported $410K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Penick Village Foundation Inc's spending goes to programs?
Penick Village Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Penick Village Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Penick Village Foundation Inc is above average for NTEE category L12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Penick Village Foundation Inc located?
Penick Village Foundation Inc is headquartered in Southern Pnes, North Carolina and files with the IRS under EIN 201055492. It is classified under NTEE code L12.
How many years of IRS 990 filings does Penick Village Foundation Inc have?
Penick Village Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $410K in total revenue.
How does Penick Village Foundation Inc. manage to operate without officer compensation?
The filings consistently show 0% officer compensation, which suggests that executive functions might be performed by volunteers, compensated through a related entity, or that the organization's structure does not involve paid officers in the traditional sense. Further investigation into their operational model would be needed.
What is the primary source of the significant revenue increase in 202309?
Revenue jumped from $733,887 in 202209 to $1,792,416 in 202309. This substantial increase could be due to a large one-time donation, a successful fundraising campaign, or significant investment gains. The specific nature of this revenue spike would require reviewing the detailed 990 filing for that period.
What are the main program activities supported by Penick Village Foundation Inc.?
Given its NTEE code L12 (Continuing Care Retirement Communities), the foundation likely supports the residents and operations of Penick Village, a retirement community. This could include financial assistance for residents, facility improvements, or specific programs for seniors.
Filing History
IRS 990 filing history for Penick Village Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Penick Village Foundation Inc's revenue has grown by 547.2%, moving from $277K to $1.8M. Total assets increased by 428.2% over the same period, from $599K to $3.2M. Total functional expenses rose by 175.4%, from $276K to $761K. In its most recent filing year (2023), Penick Village Foundation Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $309K in liabilities against $3.2M in assets (debt-to-asset ratio: 9.8%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $761K | $3.2M | $309K | — | — |
| 2022 | $734K | $713K | $2.0M | $311K | — | — |
| 2021 | $528K | $344K | $2.5M | $311K | — | View 990 |
| 2020 | $470K | $345K | $2.0M | $267K | — | — |
| 2019 | $743K | $673K | $1.8M | $310K | — | View 990 |
| 2018 | $860K | $723K | $1.7M | $256K | — | View 990 |
| 2017 | $485K | $423K | $1.6M | $309K | — | View 990 |
| 2016 | $717K | $436K | $1.5M | $356K | — | View 990 |
| 2015 | $552K | $239K | $1.2M | $238K | — | View 990 |
| 2014 | $586K | $376K | $1.0M | $197K | — | View 990 |
| 2013 | $345K | $300K | $712K | $129K | — | View 990 |
| 2012 | $553K | $542K | $611K | $105K | — | View 990 |
| 2011 | $277K | $276K | $599K | $107K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $761K, and assets of $3.2M (revenue +144.2% year-over-year).
- 2022: Revenue of $734K, expenses of $713K, and assets of $2.0M (revenue +38.9% year-over-year).
- 2021: Revenue of $528K, expenses of $344K, and assets of $2.5M (revenue +12.4% year-over-year).
- 2020: Revenue of $470K, expenses of $345K, and assets of $2.0M (revenue -36.7% year-over-year).
- 2019: Revenue of $743K, expenses of $673K, and assets of $1.8M (revenue -13.6% year-over-year).
- 2018: Revenue of $860K, expenses of $723K, and assets of $1.7M (revenue +77.3% year-over-year).
- 2017: Revenue of $485K, expenses of $423K, and assets of $1.6M (revenue -32.3% year-over-year).
- 2016: Revenue of $717K, expenses of $436K, and assets of $1.5M (revenue +29.9% year-over-year).
- 2015: Revenue of $552K, expenses of $239K, and assets of $1.2M (revenue -5.9% year-over-year).
- 2014: Revenue of $586K, expenses of $376K, and assets of $1.0M (revenue +70.2% year-over-year).
- 2013: Revenue of $345K, expenses of $300K, and assets of $712K (revenue -37.7% year-over-year).
- 2012: Revenue of $553K, expenses of $542K, and assets of $611K (revenue +99.6% year-over-year).
- 2011: Revenue of $277K, expenses of $276K, and assets of $599K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penick Village Foundation Inc:
Data Sources and Methodology
This transparency report for Penick Village Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.