Rodney M Propp Foundation Inc
- Assets
- $1.4m
- Revenue
- $1.4m
- Investments
- $35.0k
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1999
- Data as of
- 12/2023
- EIN
- 13-4049956
Organization Overview
Rodney M Propp Foundation Inc is located in New York, NY. The organization was established in 1999. 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. Rodney M Propp 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 12/2023, Rodney M Propp Foundation Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 35.5% each year . All expenses for the organization totaled $90.8k during the year ending 12/2023. While expenses have increased by 9.5% per year over the past 9 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, Rodney M Propp Foundation Inc has awarded 28 individual grants totaling $454,385. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT ATTACHED
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,358,775 |
| Interest on Savings | $235 |
| Dividends & Interest | $4,352 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,433 |
| Capital Gain Net Income | $15,433 |
| Net ST Capital Gain | $15,433 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,378,795 |
| 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 | $170 |
| Other expenses | $2,025 |
| Total operating and administrative expenses | $2,195 |
| Contributions, gifts, grants paid | $88,633 |
| Total expenses and disbursements | $90,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,392,263 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,427,218 |
| 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, Rodney M Propp Foundation Inc has awarded $88,633 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
OTHER UNDER 7500 PURPOSE: GENERAL | $28,000 |
UJA FEDERTION OF NY PURPOSE: GENERAL | $50,000 |
FIFTH AVENUE SYNAGOGUE PURPOSE: GENERAL | $10,633 |