Antonio B And Rita M Pomerleau Foundation Inc
- Assets
- $2.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, VT
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 03-0355842
Organization Overview
Antonio B And Rita M Pomerleau Foundation Inc is located in Burlington, VT. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Antonio B And Rita M Pomerleau Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Antonio B And Rita M Pomerleau Foundation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 16.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Antonio B And Rita M Pomerleau Foundation Inc has awarded 260 individual grants totaling $5,993,422. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A - THE ORGANIZATION MAKES GRANTS PRIMARILY TO VERMONT-BASED CHARITIES WHICH PROVIDE CHARITABLE CAPITAL TO SUPPORT HEALTHY AND VITAL COMMUNITIES AND CONDUCTS NO DIRECT CHARITABLE ACTIVITIES ITSELF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernest A Pomerleau President | 1 | $0 | |
Patricia M Pomerleau Vice President | 1 | $0 | |
Alice P Waxler Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,347,849 |
| Interest on Savings | $81 |
| Dividends & Interest | $0 |
| Net Rental Income | $355,478 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,803,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,902 |
| Depreciation | $44,366 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $56,132 |
| Total operating and administrative expenses | $186,200 |
| Contributions, gifts, grants paid | $1,537,747 |
| Total expenses and disbursements | $1,723,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,157 |
| Savings and temporary cash investments | $1,180,981 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $1,461,395 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,723,533 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $29,835 |
| Total liabilities | $29,835 |
Grants Awarded
Over the last fiscal year, Antonio B And Rita M Pomerleau Foundation Inc has awarded $1,537,747 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
FISCAL SPONSORSHIP ALLIES PURPOSE: UKRANIAN RELIEF | $50,005 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL | $6,500 |
ANGEL FLIGHT NE PURPOSE: GENERAL | $15,000 |
BEE THE CHANGE PURPOSE: 2 YEAR COMMITMENT - MARKETER/EDUCATOR | $56,038 |
BOYS GIRLS CLUB OF BURLINGTON PURPOSE: ENDOWMENT - 9TH OF 10 INSTALLMENTS | $100,000 |
BUILDING BRIGHT FUTURES PURPOSE: REGIONAL COUNCILS | $12,000 |