William H Prusoff Foundation
- Assets
- $394.4k
- Revenue
- $5.9k
- Investments
- $378.2k
- Employees
- 0
- Location
- Fairfield, CT
- Founding
- 04/2001
- Data as of
- 12/2023
- EIN
- 06-1601597
Organization Overview
William H Prusoff Foundation is located in Fairfield, CT. The organization was established in 2001. 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. William H Prusoff 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 12/2023, William H Prusoff Foundation generated $5.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $21.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (30.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alvin Prusoff Trustee | 0 | $0 | |
Laura Prusoff Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $11,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,059 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,882 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $4,400 |
| Contributions, gifts, grants paid | $16,700 |
| Total expenses and disbursements | $21,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,845 |
| 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 | $378,176 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $402 |
| Total assets | $394,423 |
| 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, William H Prusoff Foundation has awarded $16,700 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH SENIOR SERVICES PURPOSE: CHARITABLE PURPOSES | $2,300 |
FOUNDATION FOR THE STARS PURPOSE: CHARITABLE PURPOSES | $1,000 |
ST VINCENTS MEDICAL CENTER PURPOSE: CHARITABLE PURPOSES | $2,500 |
SHATTERPROFF PURPOSE: CHARITABLE PURPOSES | $3,200 |
TURKISH PHILANTHROPY PURPOSE: CHARITABLE PURPOSES | $5,000 |
ROTARY OF EAST HARTFORD PURPOSE: CHARITABLE PURPOSES | $700 |