Frank C Poucher & Lillian S Poucher Memorial Fund
- Assets
- $1.3m
- Revenue
- $67.8k
- Investments
- $1.3m
- Employees
- 0
- Location
- Atlantic City, NJ
- Founding
- 12/2002
- Data as of
- 12/2022
- EIN
- 22-3579083
Organization Overview
Frank C Poucher & Lillian S Poucher Memorial Fund is located in Atlantic City, NJ. The organization was established in 2002. 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. Frank C Poucher & Lillian S Poucher Memorial 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 12/2022, Frank C Poucher & Lillian S Poucher Memorial Fund generated $67.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $62.6k during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 5 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 2019, Frank C Poucher & Lillian S Poucher Memorial Fund has awarded 168 individual grants totaling $188,693. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Guenther President | 1 | $0 | |
Celestine Regis Treasurer | 5 | $0 | |
Joseph Potkay Trustee | 1 | $0 | |
Rabbi Aaron Krauss Trustee | 1 | $0 | |
Rev Collins Days Secretary | 1 | $0 | |
Robert Previti Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,708 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,045 |
| Capital Gain Net Income | $36,045 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $980 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $883 |
| Total operating and administrative expenses | $9,675 |
| Contributions, gifts, grants paid | $52,943 |
| Total expenses and disbursements | $62,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,739 |
| 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 | $194 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,251,262 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,033 |
| Total assets | $1,276,228 |
| 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, Frank C Poucher & Lillian S Poucher Memorial Fund has awarded $52,943 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
AJRA JABIN PURPOSE: SCHOLARSHIP | $1,000 |
AMIRAH ELLIOT PURPOSE: SCHOLARSHIP | $1,000 |
ANH PHAM PURPOSE: SCHOLARSHIP | $1,000 |
AZRA MAHISA PURPOSE: SCHOLARSHIP | $1,000 |
DEAZIA FRANKLIN PURPOSE: SCHOLARSHIP | $443 |
DELSEE CHOUDHURY PURPOSE: SCHOLARSHIP | $1,000 |