Panasonic Foundation Inc

Newark, NJ
Tax-exempt since April 1985
EIN: 22-2548639

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$1.47M (2024)

Expenses

$1.03M (2024)

Total Assets

$9.35M (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$1,470,053

Expenses

$1,031,248

Net Income

$438,805

Net Assets

$9,352,809

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$726,082	49.4%
Interest Revenue	$0
Dividends	$313,084	21.3%
Sales of Assets	$430,887	29.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,002,172	97.2%
Compensation of Officers*	$15,400	1.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,352,809
Total Liabilities	$0
Net Assets	$9,352,809

Compensation

Key Employees and Officers	Compensation	Other
Gordon Kyvik (Assistant Treasurer)	$15,400	$0
Jessica Hodkinson (Director, Board Chair, Secretary)	$0	$0
Kenji Shimonishi (Treasurer)	$0	$0
Afiya M Jordan (Assistant Secretary)	$0	$0
Scott R Kirchner (Director)	$0	$0
Allan Swan (Director)	$0	$0
Jeffrey Werner (Director)	$0	$0
Andres A Alonso (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$2,112,596

Expenses

$1,658,814

Net Income

$453,782

Net Assets

$8,831,155

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$536,760	25.4%
Interest Revenue	$0
Dividends	$1,414,135	66.9%
Sales of Assets	$161,701	7.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,614,857	97.4%
Compensation of Officers*	$17,820	1.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,831,155
Total Liabilities	$0
Net Assets	$8,831,155

Compensation

Key Employees and Officers	Compensation	Other
Gordon Kyvik (Assistant Treasurer)	$17,820	$0
Jessica Hodkinson (Director, Board Chair, Secretary)	$0	$0
Kenji Shimonishi (Treasurer)	$0	$0
Afiya M Jordan (Assistant Secretary)	$0	$0
Linda Woodruff (Director, Board Chair Term End 3/2023)	$0	$0
Scott R Kirchner (Director)	$0	$0
Allan Swan (Director)	$0	$0
Jeffrey Werner (Director)	$0	$0
Andres A Alonso (Director)	$0	$0
Juan Otero (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$1,127,779

Expenses

$1,290,177

Net Income

-$162,398

Net Assets

$8,948,759

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$485,760	43.1%
Interest Revenue	$0
Dividends	$263,564	23.4%
Sales of Assets	$225,651	20.0%
Other Income	$152,804	13.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,248,023	96.7%
Compensation of Officers*	$42,270	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,948,759
Total Liabilities	$0
Net Assets	$8,948,759

Compensation

Key Employees and Officers	Compensation	Other
Gordon Kyvik (Assistant Treasurer)	$17,270	$0
Andres A Alonso (Director)	$7,500	$0
Juan Otero (Director)	$7,500	$0
Ainissa G Ramirez (Director (Until 5/2022))	$5,000	$0
Patricia Gandera (Director (Until 5/2022))	$5,000	$0
Kenji Shimonishi (Treasurer)	$0	$0
Jessica Hodkinson (Director & Secretary)	$0	$0
Afiya M Jordan (Assistant Secretary)	$0	$0
Myungwon Lee (Director & Chairman (Until 9/2022))	$0	$0
Linda Woodruff (Director & Chairman (Beg 9/2022))	$0	$0
Scott R Kirchner (Director (Beg 11/2022))	$0	$0
Allan Swan (Director (Beg 11/2022))	$0	$0
Jeffrey Werner (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,755,661

Expenses

$1,566,289

Net Income

$189,372

Net Assets

$10,805,232

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$608,400	34.7%
Interest Revenue	$0
Dividends	$218,506	12.4%
Sales of Assets	$928,755	52.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,456,666	93.0%
Compensation of Officers*	$53,650	3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,805,232
Total Liabilities	$0
Net Assets	$10,805,232

Compensation

Key Employees and Officers	Compensation	Other
Gordon Kyvik (Assistant Treasurer)	$23,650	$0
Andres A Alonso (Director)	$7,500	$0
Patricia Gandara (Director)	$7,500	$0
Juan Otero (Director)	$7,500	$0
Ainissa G Ramirez (Director)	$7,500	$0
Myungwon Lee (Director & Chairman)	$0	$0
Jeffrey Werner (Director)	$0	$0
Jessica Hodkinson (Director & Secretary (Beg 3/2021))	$0	$0
Stephen Weingarten (Secretary (Until 6/2021))	$0	$0
Kenji Shimonishi (Treasurer (Beg 10/1/2020))	$0	$0
Afiya M Jordan (Assistant Secretary (Beg 7/2021))	$0	$0

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990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$1,125,993

Expenses

$1,659,171

Net Income

-$533,178

Net Assets

$10,807,882

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$664,800	59.0%
Interest Revenue	$0
Dividends	$262,338	23.3%
Sales of Assets	$198,855	17.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,533,618	92.4%
Compensation of Officers*	$53,410	3.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,807,883
Total Liabilities	$1
Net Assets	$10,807,882

Compensation

Key Employees and Officers	Compensation	Other
Gordon Kyvik (Assistant Treasurer)	$14,410	$0
Milton Chen (Director & Chairman)	$9,000	$0
Andres A Alonso (Director)	$7,500	$0
Patricia Gandara (Director)	$7,500	$0
Juan Otero (Director)	$7,500	$0
Ainissa G Ramirez (Director)	$7,500	$0
Jeffrey Werner (Director)	$0	$0
Myungwon Lee (Director)	$0	$0
Stephen Weingarten (Secretary)	$0	$0
Michael Riccio (Treasurer)	$0	$0
Kenji Shimonishi (Treasurer (Start 10/1/2020))	$0	$0

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990-PF

Filed on Nov. 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$1,080,541

Expenses

$1,926,121

Net Income

-$845,580

Net Assets

$10,965,683

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$724,200	67.0%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$356,341	33.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,837,165	95.4%
Compensation of Officers*	$310,123	16.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,088,219
Total Liabilities	$122,536
Net Assets	$10,965,683

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Fiscal Year Ending Dec.
2015

Revenue

$439,821

Expenses

$2,329,865

Net Income

-$1,890,044

Net Assets

$12,304,079

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$439,821	100%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,287,340	98.2%
Compensation of Officers*	$262,053	11.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,304,079
Total Liabilities	$0
Net Assets	$12,304,079

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$400,000

Expenses

$2,342,607

Net Income

-$1,942,607

Net Assets

$14,483,380

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$400,000	100%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,342,556	100.0%
Compensation of Officers*	$255,275	10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,483,380
Total Liabilities	$0
Net Assets	$14,483,380

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2013

Revenue

$375,000

Expenses

$2,015,046

Net Income

-$1,640,046

Net Assets

$15,698,203

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$375,000	100%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,014,070	100.0%
Compensation of Officers*	$249,317	12.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,698,203
Total Liabilities	$0
Net Assets	$15,698,203

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$416,000

Expenses

$2,049,071

Net Income

-$1,633,071

Net Assets

$14,724,089

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$416,000	100%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,048,996	100.0%
Compensation of Officers*	$240,258	11.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,724,089
Total Liabilities	$0
Net Assets	$14,724,089

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$416,000

Expenses

$1,942,926

Net Income

-$1,526,926

Net Assets

$14,303,872

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$416,000	100%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,942,865	100.0%
Compensation of Officers*	$263,273	13.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,303,872
Total Liabilities	$0
Net Assets	$14,303,872

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2003

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2002

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

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What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Panasonic Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.47M (2024)

Expenses $1.03M (2024)

Total Assets $9.35M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$1.47M (2024)

Expenses

$1.03M (2024)

Total Assets

$9.35M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001