Antonio B And Rita M Pomerleau Foundation Inc
- Assets
- $2.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, VT
- Founding
- 05/1998
- Data as of
- 12/2021
- 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 12/2021, Antonio B And Rita M Pomerleau Foundation Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $854.9k during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 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 212 individual grants totaling $4,455,675. 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
2021
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 | |
Alice P Waxler Secretary | 1 | $0 | |
Patricia M Pomerleau Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $966,742 |
| Interest on Savings | $43 |
| Dividends & Interest | $0 |
| Net Rental Income | $364,582 |
| 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 | $1,417,132 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,168 |
| Depreciation | $44,671 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,118 |
| Total operating and administrative expenses | $172,157 |
| Contributions, gifts, grants paid | $682,791 |
| Total expenses and disbursements | $854,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,141 |
| Savings and temporary cash investments | $1,094,879 |
| 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 | $1,505,761 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3 |
| Total assets | $2,643,784 |
| 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 $682,792 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Burlington, VT PURPOSE: ENDOWMENT - 8 OF 10 INSTALLMENTS | $100,000 |
BURLINGTON PARKS FOUNDATION PURPOSE: CITY HALL PARK - 4 OF 10 INSTALLS | $100,000 |
BURLINGTON PARKS RECREATION PURPOSE: HOLIDAY EVENT 2020, CITY PROGRAM SCHOLARSHIPS, + ADDITIONAL SPONSORSHIPS | $67,317 |
Burlington, VT PURPOSE: FUNDS FOR CHILDRENS PROGRAMS | $50,600 |
Weybridge, VT PURPOSE: 2 YEAR COMMITMENTS - MARKETER/EDUCATOR | $50,000 |
THE CURTIS FUND PURPOSE: JESSICA POMERLEAU HALNON FUND | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |