The Poss Family Foundation
- Assets
- $1.9m
- Revenue
- $666.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Brookline, MA
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 04-3412829
Organization Overview
The Poss Family Foundation is located in Brookline, MA. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Poss Family Foundation 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, Poss Family Foundation generated $666.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.8%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Poss Family Foundation has awarded 33 individual grants totaling $7,972,430. 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
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,218 |
| Dividends & Interest | $24,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $621,693 |
| Capital Gain Net Income | $621,693 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,965 |
| Total Revenue | $666,657 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $63,316 |
| Contributions, gifts, grants paid | $2,308,500 |
| Total expenses and disbursements | $2,371,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $430,832 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,438,510 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,869,342 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Poss Family Foundation has awarded $2,308,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
THE ALGEBRA PROJECT INC PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE | $500,000 |
INDIGENOUS MEDIA FREEDOM ALLIANCE PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE | $40,000 |
THE THEATRE OFFENSIVE PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE | $250,000 |
CENTER FOR ARTS DESIGN & SOCIAL RESEARCH PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE | $500,000 |
HONOR THE EARTH PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE. | $20,000 |
OUR BODIES OURSELVES PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE | $500 |