STRATEGY STUDIO / NONPROFIT PEOPLE SEARCH

PENNER FAMILY FOUNDATION

2025 · Form 990PF · revenue $14.3M · expenses $26.1M · assets $85.5M

EIN
81-0831228
Address
PO BOX 1860, BENTONVILLE, AR 72712-1860
NTEE code
T20
Subsection
501(c)(3)
Ruling year
2017
Cross-check
ProPublica Nonprofit Explorer

Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).

People paid by the organization

No one listed on these returns was paid.

Unpaid officers and directors · 6 people
NameLatest titleYearsOrganizations
Erron Smith Assistant Secretary2020-2025 9
Luke Mitchell Assistant Treasurer2023-2025 10
Carrie W Penner DIRECTOR, PRESIDENT2018-2025 3
Gregory B Penner DIRECTOR, VP, SECRETARY, TREASURER2018-2025 1
Robert Smith (former) ASSISTANT TREASURER (UNTIL 12/15/23)2018-2023 13
Richard Chapman (former) ASS'T SECRETARY2018-2019 9

People by year

2025 · 4 people listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
LUKE MITCHELL Assistant Treasurer1 $0-$0 $010
GREGORY B PENNER DIRECTOR, VP, SECRETARY, TREASURER3 $0-$0 $01
CARRIE W PENNER DIRECTOR, PRESIDENT3 $0-$0 $03
ERRON SMITH Assistant Secretary1 $0-$0 $09
2024 · 4 people listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
CARRIE W PENNER DIRECTOR, PRESIDENT3 $0-$0 $03
GREGORY B PENNER DIRECTOR,V.P., SECRETARY, TREASURER3 $0-$0 $01
Erron SMITH Assistant Secretary1 $0-$0 $09
Luke Mitchell Assistant Treasurer1 $0-$0 $010
2023 · 5 people listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
CARRIE W PENNER DIRECTOR, PRESIDENT3 $0-$0 $03
GREGORY B PENNER DIRECTOR, V.P., SECRETARY, TREASURER3 $0-$0 $01
ERRON SMITH ASSISTANT SECRETARY1 $0-$0 $09
LUKE MITCHELL ASSISTANT TREASURER (AS OF 12/15/23)1 $0-$0 $010
ROBERT A SMITH ASSISTANT TREASURER (UNTIL 12/15/23)1 $0-$0 $013
2022 · 4 people listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
CARRIE W PENNER DIRECTOR, PRESIDENT3 $0-$0 $03
GREGORY B PENNER DIRECTOR, V.P., SECRETARY, TREASURER3 $0-$0 $01
ERRON SMITH ASSISTANT SECRETARY1 $0-$0 $09
ROBERT A SMITH ASSISTANT TREASURER1 $0-$0 $013
2021 · 4 people listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
ROBERT A SMITH ASSISTANT TREASURER1 $0-$0 $013
CARRIE W PENNER DIRECTOR, PRESIDENT3 $0-$0 $03
GREGORY B PENNER DIRECTOR, V.P., SECRETARY, TREASURER3 $0-$0 $01
ERRON SMITH ASSISTANT SECRETARY1 $0-$0 $09
2020 · 4 people listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
Erron Smith Ass't Secretary1 $0-$0 $09
Robert A Smith Ass't Treasurer1 $0-$0 $013
Carrie W Penner DIRECTOR; PRESIDENT3 $0-$0 $03
Gregory B Penner DIRECTOR; V.P. SECRETARY/TREAS3 $0-$0 $01
2019 · 4 people listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
CARRIE W PENNER DIRECTOR;PRESIDENT3 $0-$0 $03
GREGORY B PENNER DIRECTOR; V.P. SECRETARY/TREAS3 $0-$0 $01
RICHARD D CHAPMAN ASS'T SECRETARY1 $0-$0 $09
ROBERT A SMITH ASS'T TREASURER2 $0-$0 $013
2018 · 4 people listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
CARRIE W PENNER DIRECTOR;PRESIDENT2 $0-$0 $03
GREGORY B PENNER DIRECTOR; V.P. SECRETARY/TREAS2 $0-$0 $01
RICHARD D CHAPMAN ASS'T SECRETARY1 $0-$0 $09
ROBERT A SMITH ASS'T TREASURER1 $0-$0 $013

Highest-paid independent contractors

2025 · 2 contractors · $285K
NameLocationServicePaid
WALTON ENTERPRISES LLCBENTONVILLE, ARADMINISTRATIVE/MANAGEMENT FEES$180,915
GOLDMAN SACHSCHICAGO, ILINVESTMENT MANAGEMENT$104,253
2024 · 3 contractors · $474K
NameLocationServicePaid
WALTON ENTERPRISES LLCBENTONVILLE, ARADMINISTRATIVE/MANAGEMENT FEES$215,740
GOLDMAN SACHSCHICAGO, ILINVESTMENT MANAGEMENT$138,522
PROPPER DALEY LLCWASHINGTON, DCCONSULTING$120,000
2023 · 2 contractors · $358K
NameLocationServicePaid
WALTON ENTERPRISES LLCBENTONVILLE, ARADMINISTRATIVE/MANAGEMENT FEES$191,986
GOLDMAN SACHSCHICAGO, ILINVESTMENT MANAGEMENT$166,447
2022 · 2 contractors · $251K
NameLocationServicePaid
GOLDMAN SACHSCHICAGO, ILINVESTMENT MANAGEMENT$134,635
WALTON ENTERPRISES LLCBENTONVILLE, ARADMINISTRATIVE/MANAGEMENT FEES$116,757
2021 · 2 contractors · $243K
NameLocationServicePaid
WALTON ENTERPRISES LLCBENTONVILLE, ARADMINISTRATIVE/MANAGEMENT FEES$124,754
GOLDMAN SACHSCHICAGO, ILINVESTMENT MANAGEMENT$118,398
2020 · 2 contractors · $251K
NameLocationServicePaid
GOLDMAN SACHSCHICAGO, ILINVESTMENT MANAGEMENT$140,312
WALTON ENTERPRISES LLCBENTONVILLE, ARADMINISTRATIVE/MANAGEMENT FEES$110,193
2019 · 1 contractor · $152K
NameLocationServicePaid
GOLDMAN SACHSCHICAGO, ILINVESTMENTS$151,812
2018 · 1 contractor · $148K
NameLocationServicePaid
GOLDMAN SACHSCHICAGO, ILINVESTMENTS$148,166

Who the money went to

Grants this organization reported paying: Schedule I Part II of the Form 990, or the grants-paid list on the 990-PF. Open a year for every recipient. Recipients link to their own page when the grant names an EIN we have (990-PF grants list no EIN, so those link only on an exact, unique name and state). Grants to individuals are counted; their names are not shown.

2025 · 81 grants to organizations · $25.3M
2024 · 82 grants to organizations · $31.3M
2023 · 77 grants to organizations · $28.9M
2022 · 76 grants to organizations · $15.6M
2021 · 78 grants to organizations · $17.1M
2020 · 73 grants to organizations · $17.7M
2019 · 52 grants to organizations · $16.7M
2018 · 25 grants to organizations · $11.1M

Negative amounts are returned or refunded grants; they are listed last and left out of the totals of grants paid.

Who gave

Contributors listed on Schedule B of the Form 990-PF: name, city and state as filed (street addresses are not shown), with total and noncash contributions for the year. A link to an organization's page is tagged Fuzzy with its name-similarity score (0 to 1) when it rests on name and state; Schedule B lists no EIN, so no link here is an exact identifier match.

2022 · 1 contributor · $11.2M
#ContributorTypeCity, stateTotalNoncashSource
1 CARRIE PENNER Organization or other BENTONVILLE, AR $11,217,960$11,217,960 Form 990PF Sch. B, 2022 · filing

Contributors listed here are as reported on the filing. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

Finances

Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.

RevenueExpensesAssetsNet assetsContributionsProgram revenueOfficer payEmployeesVolunteers
2025 · Form 990PF period ending 2025-12-31 · view filing · original 990 ↗
$14,300,000$26,098,976 $85,479,533$85,479,533 -- ---
2024 · Form 990PF period ending 2024-12-31 · view filing · original 990 ↗
$10,886,348$32,329,858 $97,278,509$97,278,509 -- ---
2023 · Form 990PF period ending 2023-12-31 · view filing · original 990 ↗
$3,892,554$29,966,934 $118,722,019$118,722,019 -- ---
2022 · Form 990PF period ending 2022-12-31 · view filing · original 990 ↗
$15,459,133$16,770,556 $144,796,399$144,796,399 $11,217,960- ---
2021 · Form 990PF period ending 2021-12-31 · view filing · original 990 ↗
$15,983,833$19,347,122 $146,107,822$146,107,822 $0- ---
2020 · Form 990PF period ending 2020-12-31 · view filing · original 990 ↗
-$3,258,513$19,515,730 $149,471,111$149,471,111 -- ---
2019 · Form 990PF period ending 2019-12-31 · view filing · original 990 ↗
$7,890,113$18,743,001 $172,245,354$172,245,354 $0- $0--
2018 · Form 990PF period ending 2018-12-31 · view filing · original 990 ↗
$4,943,204$14,271,139 $183,098,242$183,098,242 $0- $0--

Where the money went

Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

2025 · Form 990PF · $26,098,976 spent · pay $0 · grants $25,331,409 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $25,331,409 97.1%
Other expenses $342,720 1.3%
Fees: other professional $278,509 1.1%
Fees: accounting $66,044 0.3%
Taxes $55,012 0.2%
Interest $24,634 0.1%
Fees: legal $648 0.0%
Total$26,098,976100%

View the filing

2024 · Form 990PF · $32,329,858 spent · pay $0 · grants $31,313,738 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $31,313,738 96.9%
Fees: other professional $480,841 1.5%
Other expenses $353,257 1.1%
Taxes $72,217 0.2%
Interest $55,891 0.2%
Fees: accounting $50,288 0.2%
Fees: legal $3,626 0.0%
Total$32,329,858100%

View the filing

2023 · Form 990PF · $29,966,934 spent · pay $0 · grants $28,861,200 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $28,861,200 96.3%
Other expenses $364,033 1.2%
Fees: other professional $316,457 1.1%
Taxes $296,319 1.0%
Interest $68,850 0.2%
Fees: accounting $58,153 0.2%
Fees: legal $1,922 0.0%
Total$29,966,934100%

View the filing

2022 · Form 990PF · $16,770,556 spent · pay $0 · grants $15,608,500 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $15,608,500 93.1%
Other expenses $486,651 2.9%
Fees: other professional $237,620 1.4%
Taxes $202,603 1.2%
Interest $199,546 1.2%
Fees: accounting $35,394 0.2%
Fees: legal $242 0.0%
Total$16,770,556100%

View the filing

2021 · Form 990PF · $19,347,122 spent · pay $0 · grants $17,136,000 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $17,136,000 88.6%
Interest $710,700 3.7%
Other expenses $673,906 3.5%
Taxes $555,712 2.9%
Fees: other professional $229,282 1.2%
Fees: accounting $41,154 0.2%
Fees: legal $368 0.0%
Total$19,347,122100%

View the filing

2020 · Form 990PF · $19,515,730 spent · pay $0 · grants $17,665,000 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $17,665,000 90.5%
Other expenses $1,338,932 6.9%
Fees: other professional $277,236 1.4%
Taxes $153,861 0.8%
Interest $80,684 0.4%
Fees: accounting $17 0.0%
Total$19,515,730100%

View the filing

2019 · Form 990PF · $18,743,001 spent · pay $0 · grants $16,656,600 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $16,656,600 88.9%
Interest $1,042,756 5.6%
Other expenses $618,649 3.3%
Taxes $214,096 1.1%
Fees: other professional $188,151 1.0%
Fees: accounting $22,749 0.1%
Total$18,743,001100%

View the filing

2018 · Form 990PF · $14,271,139 spent · pay $0 · grants $11,078,000 · events $0
LineAs describedTotalShare
Contributions, gifts, grants paid $11,078,000 77.6%
Interest $1,437,133 10.1%
Other expenses $1,254,039 8.8%
Taxes $315,969 2.2%
Fees: other professional $185,534 1.3%
Fees: legal $388 0.0%
Fees: accounting $76 0.0%
Total$14,271,139100%

View the filing