DOUG PENSINGER PHOTOGRAPHY FUND

EIN: 831480638 501(c)(3) Arts, Culture & Humanities

Leadville, CO

Total Revenue
$502,567
Total Expenses
$83,285
Total Assets
$2,068,399
Net Assets
$2,067,708
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CO
Principal Officer
Kim Pensinger Witman
Phone
7034034644
Tax Period
2023-01-01 to 2023-12-31

DOUG PENSINGER PHOTOGRAPHY FUND, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $503K in total revenue in fiscal year 2023. The organization ran a surplus of $419K, a strong 83% operating margin.

Mission

The Doug Pensinger Photography Fund (DPPF) supports emerging sports photographers by creating a community that develops their skill and vision. Through an annual open call for submissions, photographers are chosen for grant and mentorship opportunities. The DPPF also offers its grant recipients professional development seminars, educational events, and connections to key photography professionals.

Program Service Accomplishments

Program 1
Expenses: $52,756 Revenue: $0

GRANTS: In 2023 the DPPF supported seven additional young sports photographers with grants for career development. There was a free open call for submissions, and the recipients represented the top...

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GRANTS: In 2023 the DPPF supported seven additional young sports photographers with grants for career development. There was a free open call for submissions, and the recipients represented the top 2.3% of the competitive application field. The DPPF promoted the acceptance of entries for this fourth annual grants program with email recruitment and web/social media promotion. Industry leaders representing major sports photography wire services and publications provided the basis of the network for spreading the word. Grants were used by the recipients to further their emerging careers through purchases of critical equipment and defraying of career-related travel. In 2023, the grants initiative was expanded through the addition of the Development Grants (2 grants) and Alumni Grants (2 grants) programs.

Program 2
Expenses: $2,000 Revenue: $0

PROFESSIONAL EDUCATION: During 2023, plans were formed for the next biannual Sports Photography Gathering, which will be held in September 2024. During this off-year for the Gathering event, a new...

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PROFESSIONAL EDUCATION: During 2023, plans were formed for the next biannual Sports Photography Gathering, which will be held in September 2024. During this off-year for the Gathering event, a new series of professional education webinars were developed and implemented.

Program 3
Expenses: $0 Revenue: $0

MENTORSHIPS: Three top recipients of 2023 grants also received year-long mentorships with three volunteer members of the DPPF's Advisory Board. The 2022-2023 mentorships ended in September, and the...

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MENTORSHIPS: Three top recipients of 2023 grants also received year-long mentorships with three volunteer members of the DPPF's Advisory Board. The 2022-2023 mentorships ended in September, and the 2023-2024 mentorships began in October. Mentors and mentees collaborate to form a personalized plan for the mentees. This plan includes but is not limited to: development of a personalized photo project or photo story; structuring a more efficient work flow; perfecting portfolio, website and resume; networking and introductions to other established professionals on the DPPF advisory board; instruction on equipment or technical photographic skills; assistance with the entrepreneurial aspects of the industry; advice on real work experience: assisting jobs, credentials, and live event coverage.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $500,259
Program Service Revenue $0
Investment Income $2,308
Other Revenue $0
TOTAL REVENUE $502,567

Expense Breakdown

Grants Paid $45,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $54,756
Other Expenses $38,285
TOTAL EXPENSES $83,285

Year-over-Year Comparison

2023 2022 Change
Revenue $502,567 $500,237 +0.0%
Expenses $83,285 $125,129 -0.3%
Net Income $419,282 $375,108 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
24

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ezra Shaw Director 1
Director
$0 $0 $0
Maureen Cavanagh Director 1
Director
$0 $0 $0
Bettyann Heppler President 2
Officer Director
$0 $0 $0
Kim Pensinger Witman Vice President and Treasurer 6
Officer Director
$0 $0 $0
Devan Pensinger Secretary 2
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $502,567 $83,285 $2,068,399 $419,282
2022 $500,237 $125,129 $1,500,539 $375,108
2021 $52,776 $66,607 $1,242,038 $-13,831
2020 $182,917 $44,283 $1,255,869 $138,634
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