Purchase Fund
- Assets
- $4.6m
- Revenue
- $324.1k
- Investments
- $4.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1993
- Data as of
- 09/2022
- EIN
- 13-7005756
Organization Overview
Purchase Fund is located in New York, NY. The organization was established in 1993. 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. Purchase Fund 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 09/2022, Purchase Fund generated $324.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $229.4k during the year ending 09/2022. 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 |
|---|---|---|---|
Brigid S Flanigan Trustee | 0 | $0 | |
Timothy P Flanigan Trustee | 0 | $0 | |
Megan Flanigan Trustee | 0 | $0 | |
Robert W Flanigan Trustee | 0 | $0 | |
Sheila Flanigan Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47,784 |
| Dividends & Interest | $71,112 |
| Net Rental Income | $17,840 |
| Net Gain on Sale of Assets | $150,878 |
| Capital Gain Net Income | $150,878 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36,514 |
| Total Revenue | $324,128 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,742 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,006 |
| Total operating and administrative expenses | $29,381 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $229,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $70,829 |
| 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 | $1,349,923 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $16,052 |
| Total assets | $4,649,801 |
| 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, Purchase Fund has awarded $1,318,881 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FROM EASY MONEY GROUP ACQUISITION CO LLC (EIN 86-1067896) SCHEDULE K-1 PURPOSE: CHARITABLE CONTRIBUTION FROM INVESTMENT PARTNERSHIP | $462 |
SCHWAB CHARITABLE DONOR-ADVISED FUND FOR ANDERSON HILL PURPOSE: GENERAL CHARITABLE PURPOSES | $72,000 |
SCHWAB CHARITABLE DONOR-ADVISED FUND FOR ANDERSON HILL PURPOSE: GENERAL CHARITABLE PURPOSES | $1,246,419 |