Penobscot River Trails Inc is a private foundation focused on Environment & Animals, based in GREAT NECK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20.6M in total assets. In 2024, it made $761K in qualifying distributions. Net investment income was $4.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20.6M
+0.1% YoY
Revenue
$779K
-17.1% YoY
Qualifying Distributions
$761K
+22.6% YoY
Expenses
$761K
+22.6% YoY
Under IRS private-foundation payout rules, Penobscot River Trails Inc reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
About Penobscot River Trails Inc
Based on IRS filings
Penobscot River Trails Inc is a private foundation focused on Environment & Animals, based in GREAT NECK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20.6M in total assets. In 2024, it made $761K in qualifying distributions. Net investment income was $4.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,591,835 | $20,562,756 | $20,276,462 |
| Revenue | $778,672 | $939,733 | $700,372 |
| Expenses | $761,310 | $621,062 | $499,521 |
| Qualifying Distributions | $761,310 | $621,062 | $499,516 |
| Net Investment Income | $4 | $7 | — |
| Distributable Amount | $8,925 | $9,267 | $7,120 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GILBERT BUTLER | PRESIDENT/TREASURER/DIRECTOR | 2 | — |
| DAN PITTMAN | SECRETARY | 0.5 | — |
| ANTHONY GRASSI | DIRECTOR | 1 | — |
| ROBERT CHARLES HOWE | DIRECTOR | 3 | — |
| JENNIFER MCGOVERN | CONTROLLER | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Penobscot River Trails Inc?
Penobscot River Trails Inc is a private foundation focused on Environment & Animals, based in GREAT NECK, NY. It holds $20.6M in total assets as of 2024.
How large is Penobscot River Trails Inc?
As of 2024, Penobscot River Trails Inc holds $20.6M in total assets with $779K in annual revenue.
How much is Penobscot River Trails Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Penobscot River Trails Inc reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Penobscot River Trails Inc's EIN?
Penobscot River Trails Inc's EIN (Employer Identification Number) is 83-1798734. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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