Richard And Patricia Penske Foundation

Bath, PA
Tax-exempt since March 1997
EIN: 23-2858131

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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.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$5.96k (2024)

Expenses

$12.9k (2024)

Total Assets

$58.5k (2024)

Total Liabilities

$0 (2024)

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

$5,955

Expenses

$12,862

Net Income

-$6,907

Net Assets

$58,504

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.1%
Dividends	$1,989	33.4%
Sales of Assets	$3,962	66.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,215	87.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$58,504
Total Liabilities	$0
Net Assets	$58,504

Compensation

Key Employees and Officers	Compensation	Other
Richard H Penske (President)	$0	$0
Patricia L Penske (Vice President)	$0	$0
Crislyn A Sheeler (Treasurer)	$0	$0
Victoria L Aitchison (Secretary)	$0	$0

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990-PF

Filed on May 2, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$8,691

Expenses

$15,144

Net Income

-$6,453

Net Assets

$65,411

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,774	20.4%
Sales of Assets	$6,917	79.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,842	84.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$65,411
Total Liabilities	$0
Net Assets	$65,411

Compensation

Key Employees and Officers	Compensation	Other
Richard H Penske (President)	$0	$0
Patricia L Penske (Vice President)	$0	$0
Crislyn A Sheeler (Treasurer)	$0	$0
Victoria L Aitchison (Secretary)	$0	$0

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990-PF

Filed on Nov. 11, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$3,226

Expenses

$7,543

Net Income

-$4,317

Net Assets

$71,983

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,708	52.9%
Sales of Assets	$1,518	47.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,170	95.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$71,983
Total Liabilities	$0
Net Assets	$71,983

Compensation

Key Employees and Officers	Compensation	Other
Richard H Penske (President)	$0	$0
Patricia L Penske (Vice President)	$0	$0
Crislyn A Sheeler (Treasurer)	$0	$0
Victoria L Aitchison (Secretary)	$0	$0

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990-PF

Filed on Nov. 10, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$5,152

Expenses

$8,673

Net Income

-$3,521

Net Assets

$76,354

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,564	30.4%
Sales of Assets	$3,588	69.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,400	85.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$76,354
Total Liabilities	$0
Net Assets	$76,354

Compensation

Key Employees and Officers	Compensation	Other
Richard H Penske (President)	$0	$0
Patricia L Penske (Vice President)	$0	$0
Crislyn A Sheeler (Treasurer)	$0	$0
Victoria L Aitchison (Secretary)	$0	$0

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990-PF

Filed on Aug. 17, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$3,124

Expenses

$7,976

Net Income

-$4,852

Net Assets

$79,898

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,913	61.2%
Sales of Assets	$1,211	38.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,775	84.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$79,899
Total Liabilities	$1
Net Assets	$79,898

Compensation

Key Employees and Officers	Compensation	Other
Richard H Penske (President)	$0	$0
Patricia L Penske (Vice President)	$0	$0
Crislyn A Sheeler (Treasurer)	$0	$0
Victoria L Aitchison (Secretary)	$0	$0

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990-PF

Filed on July 23, 2021

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$2,373

Expenses

$4,616

Net Income

-$2,243

Net Assets

$84,750

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,059	> 100%
Sales of Assets	$0
Other Income	$35	1.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,500	75.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$84,751
Total Liabilities	$1
Net Assets	$84,750

Compensation

Key Employees and Officers	Compensation	Other
Richard H Penske (President)	$0	$0
Patricia L Penske (Vice President)	$0	$0
Crislyn A Sheeler (Treasurer)	$0	$0
Victoria L Aitchison (Secretary)	$0	$0

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990-PF

Filed on Sept. 10, 2020

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$3,798

Expenses

$10,043

Net Income

-$6,245

Net Assets

$86,994

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,892	76.1%
Sales of Assets	$828	21.8%
Other Income	$78	2.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,900	88.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$86,994
Total Liabilities	$0
Net Assets	$86,994

Compensation

Key Employees and Officers	Compensation	Other
Richard H Penske (President)	$0	$0
Patricia L Penske (Vice President)	$0	$0
Crislyn A Sheeler (Treasurer)	$0	$0
Victoria L Aitchison (Secretary)	$0	$0

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990-PF

Filed on Nov. 14, 2019

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$2,275

Expenses

$7,790

Net Income

-$5,515

Net Assets

$93,239

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,208	> 100%
Sales of Assets	-$933
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,697	86.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$93,239
Total Liabilities	$0
Net Assets	$93,239

Compensation

Key Employees and Officers	Compensation	Other
Richard H Penske (President)	$0	$0
Patricia L Penske (Vice President)	$0	$0
Crislyn A Sheeler (Treasurer)	$0	$0
Victoria L Aitchison (Secretary)	$0	$0

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990-PF

Filed on May 15, 2018

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$3,558

Expenses

$6,234

Net Income

-$2,676

Net Assets

$98,810

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,122	87.7%
Sales of Assets	$286	8.0%
Other Income	$150	4.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,937	79.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$98,810
Total Liabilities	$0
Net Assets	$98,810

Compensation

Key Employees and Officers	Compensation	Other
Richard H Penske (President)	$0	$0
Patricia L Penske (Vice President)	$0	$0
Crislyn A Sheeler (Treasurer)	$0	$0
Victoria L Aitchison (Secretary)	$0	$0

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990-PF

Filed on Aug. 8, 2017

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$5,298

Expenses

$14,014

Net Income

-$8,716

Net Assets

$101,486

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,210	98.3%
Sales of Assets	$88	1.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,440	88.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$101,486
Total Liabilities	$0
Net Assets	$101,486

Compensation

Key Employees and Officers	Compensation	Other
Richard H Penske (President)	$0	$0
Patricia L Penske (Vice President)	$0	$0
Crislyn A Sheeler (Treasurer)	$0	$0
Victoria L Aitchison (Secretary)	$0	$0

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990-PF

Filed on May 20, 2016

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$7,054

Expenses

$11,060

Net Income

-$4,006

Net Assets

$110,202

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,234	88.4%
Sales of Assets	$447	6.3%
Other Income	$373	5.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,285	84.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$110,202
Total Liabilities	$0
Net Assets	$110,202

Compensation

Key Employees and Officers	Compensation	Other
Richard H Penske (President)	$0	$0
Patricia L Penske (Vice President)	$0	$0
Crislyn A Sheeler (Treasurer)	$0	$0
Victoria L Aitchison (Secretary)	$0	$0

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990-PF

Filed on July 14, 2015

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$5,359

Expenses

$8,214

Net Income

-$2,855

Net Assets

$114,208

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,501	84.0%
Sales of Assets	$278	5.2%
Other Income	$580	10.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,363	65.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$114,208
Total Liabilities	$0
Net Assets	$114,208

Compensation

Key Employees and Officers	Compensation	Other
Richard H Penske (President)	$0	$0
Patricia L Penske (Vice President)	$0	$0
Crislyn A Sheeler (Treasurer)	$0	$0
Victoria L Aitchison (Secretary)	$0	$0

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990-PF

Filed on May 13, 2014

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$7,473

Expenses

$10,631

Net Income

-$3,158

Net Assets

$117,062

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$6,414	85.8%
Sales of Assets	$617	8.3%
Other Income	$441	5.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,777	82.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$117,063
Total Liabilities	$1
Net Assets	$117,062

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$9,006

Expenses

$21,476

Net Income

-$12,470

Net Assets

$120,220

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$7,666	85.1%
Sales of Assets	$1,339	14.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,857	92.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$120,221
Total Liabilities	$1
Net Assets	$120,220

990-PF

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

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

PDF

About This Data

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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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated August 21, 2025

Richard And Patricia Penske Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $5.96k (2024)

Expenses $12.9k (2024)

Total Assets $58.5k (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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$5.96k (2024)

Expenses

$12.9k (2024)

Total Assets

$58.5k (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.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001