The Edward E Pesnell Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 630942092 ✦ Gadsden, AL ✦ Designated as a 501(c)(2)

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Overview

What is The Edward E Pesnell Foundation Inc?

The Edward E Pesnell Foundation Inc, located in Gadsden, Alabama, is a dedicated nonprofit organization. Its primary goal is to combat drug abuse and offer support to individuals struggling with drug addiction or substance misuse. To achieve this mission, the foundation engages in various real estate and property-related activities. These activities, which may include owning, leasing, or conveying properties, are instrumental in furthering the organization's cause. By utilizing these resources, The Edward E Pesnell Foundation Inc aims to make a significant impact in the fight against drug abuse and provide essential assistance to those in need.

Is The Edward E Pesnell Foundation Inc legitimate?

The Edward E Pesnell Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. The Edward E Pesnell Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of The Edward E Pesnell Foundation Inc?

The Edward E Pesnell Foundation Inc's mission is centered around utilizing real estate and personal property for the primary purpose of combatting drug abuse and providing treatment for individuals struggling with drug addiction or abuse. The organization's objective is to contribute towards the prevention of drug abuse and to offer support for those affected, aiming to make a positive impact in this critical area.

Who is the CEO of The Edward E Pesnell Foundation Inc?

Ginger Cobia is the President of The Edward E Pesnell Foundation Inc.

What is the revenue of The Edward E Pesnell Foundation Inc?

The Edward E Pesnell Foundation Inc's revenue in 2022 was $942,172.

Who are the executives of The Edward E Pesnell Foundation Inc and what are their salaries?


Here are 6 key members and their salaries:


Ginger Cobia (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ricky Tillis (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Toles (Secretary / Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Cummings (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Campbell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Pruitt (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Edward E Pesnell Foundation Inc?

The Edward E Pesnell Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Edward E Pesnell Foundation Inc

The Edward E Pesnell Foundation Inc is dedicated to combating drug abuse and providing support for individuals struggling with drug addiction or misuse. To accomplish this mission, the organization engages in various real estate and property transactions. By leveraging these resources, The Edward E Pesnell Foundation Inc works tirelessly to execute its purpose of preventing drug abuse and aiding those in need of treatment.

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Impact




October, 2024

The Edward E. Pesnell Foundation Inc has a significant impact on the community by addressing the critical issue of drug abuse and addiction. By facilitating the prevention of drug-related problems and providing treatment for individuals struggling with addiction, the foundation actively contributes to improving public health and safety.

Its activities include acquiring and managing real estate and personal property, which are essential for establishing facilities that support these initiatives. This strategic approach enhances the accessibility of treatment programs and prevention resources, ultimately fostering recovery and supporting healthier community environments. The foundation's mission not only aids individuals directly affected by drug abuse but also positively influences families and the broader community by promoting awareness and offering essential support services. By focusing on these areas, the foundation plays a vital role in community improvement and the well-being of its residents.




This information is meant to be a general summary of The Edward E Pesnell Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$942,172 (2022)
Expenses
$323,091 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $762,172
  • Program Service Revenue: $180,000
  • Gross Receipts: $1,968,314

Assets and Liabilities:

  • Total Assets: $4,700,705
  • Total Liabilities: $5,994
  • Net Assets: $4,694,711

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$180,000

Organization Details

Founding Year

1980

Principal Officer

Ginger Cobia

Main Address

3232 LAY SPRINGS ROAD, GADSDEN, AL, 35904

NTEE Category

Code: S47 - Community improvement

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