Edward E Pesnell Foundation Inc
501(c)(2)
Only null% goes to programs Strong reserves Declining revenue
Edward E Pesnell Foundation Inc is a 501(c)(2) organization based in Gadsden, Alabama, registered in 1989, with $328,162 in FY2024 revenue. CharityIndex grades it C+.
3232 Lay Springs Rd, Gadsden, AL, 35904 EIN 63-0942092 Since 1989
Revenue (FY2024)
$328K
▲ 2.0% vs prior year
Expenses (FY2024)
$229K
Net assets
$4.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Edward E Pesnell Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating252 mo reserves · +30% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Edward E Pesnell Foundation Inc: 252 mo reserves · +30% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Edward E Pesnell Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Edward E Pesnell Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $430K (FY2013) to $328K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $4.8M
Operating margin
30.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.8M
Total liabilities
$0
Net assets
$4.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $328,162▲2.0% | $228,773▲2.0% | $4,808,676▲2.1% | $4,808,676▲2.1% | 990 |
| 2023 | $321,678▲60.0% | $224,345▼20.9% | $4,709,287▲2.1% | $4,709,287▲1.4% | 990 |
| 2022 | $201,038▼78.7% | $283,795▼12.2% | $4,611,954▼1.8% | $4,645,525▼1.2% | 990 |
| 2021 | $942,172▲349% | $323,091▲28.2% | $4,694,711▲15.2% | $4,700,705▲15.2% | 990 |
| 2020 | $209,901▼1.3% | $252,055▲44.3% | $4,075,630▼1.0% | $4,080,378▼0.9% | 990 |
| 2019 | $212,669▲0.6% | $174,692▲16.5% | $4,117,784▲0.9% | $4,117,784▲0.8% | 990 |
| 2018 | $211,444▼33.5% | $149,942▼44.7% | $4,079,807▲1.5% | $4,083,542▲1.6% | 990 |
| 2017 | $318,067▲0.8% | $271,177▼36.9% | $4,018,305▲1.2% | $4,018,305▲1.2% | 990 |
| 2016 | $315,593▲3.3% | $429,985▲29.4% | $3,971,415▼2.8% | $3,971,415▼2.8% | 990 |
| 2015 | $305,655▼1.3% | $332,402▲139% | $4,085,807▼0.7% | $4,085,807▼0.7% | 990 |
| 2014 | $309,672▼27.9% | $139,364▼7.8% | $4,112,554▲4.3% | $4,112,850▲0.5% | 990 |
| 2013 | $429,707 | $151,212▼6.6% | $3,942,246▲7.6% | $4,091,189▲3.5% | 990 |
| 2012 | — | $161,971▼45.4% | $3,663,380▲7.8% | $3,951,456▲3.6% | 990 |
| 2011 | — | $296,557▼60.1% | $3,397,884▲71.8% | $3,815,926▲51.7% | 990 |
| 2010 | — | $743,451 | $1,977,268 | $2,515,552 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Edward E Pesnell Foundation Inc a legitimate nonprofit?
- Yes. Edward E Pesnell Foundation Inc is a 501(c)(2) organization registered with the U.S. Internal Revenue Service under EIN 63-0942092, based in Gadsden, Alabama.
- What is Edward E Pesnell Foundation Inc's EIN?
- Edward E Pesnell Foundation Inc's Employer Identification Number (EIN) is 63-0942092.
- How much revenue does Edward E Pesnell Foundation Inc report?
- Edward E Pesnell Foundation Inc reported $328,162 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Edward E Pesnell Foundation Inc have?
- CharityIndex grades Edward E Pesnell Foundation Inc C+, based on financial health (reserves and operating margin).
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Explore more
Data for Edward E Pesnell Foundation Inc (EIN 63-0942092) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.