Charles Lee Powell Foundation
- Assets
- $52.6m
- Revenue
- $968.3k
- Investments
- $52.1m
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 06/1966
- Data as of
- 12/2022
- EIN
- 23-7064397
Organization Overview
Charles Lee Powell Foundation is located in La Jolla, CA. The organization was established in 1966. 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. Charles Lee Powell 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, Charles Lee Powell Foundation generated $968.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Charles Lee Powell Foundation has awarded 57 individual grants totaling $37,882,053. 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 |
|---|---|---|---|
William J Holliday President / CEO | 29 | $86,813 | |
Charles W Rees Jr Director | 3 | $23,100 | |
William M Low Director | 3 | $26,800 | |
Margaret Mangin Director | 3 | $24,750 | |
Charles Castle Director | 3 | $12,250 | |
Joel O Holliday President / CEO | 3 | $33,187 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hs Management Partners Llc | 12/30/22 | $70,679 |
Wcm Investment Managers | 12/30/22 | $58,753 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $91 |
| Dividends & Interest | $1,224,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$246,223 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$9,637 |
| Total Revenue | $968,257 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $233,800 |
| Other employee salaries and wages | $57,986 |
| Pension plans, employee benefits | $21,072 |
| Interest | $0 |
| Taxes | -$165,529 |
| Depreciation | $1,938 |
| Occupancy | $27,092 |
| Travel, conferences, and meetings | $695 |
| Printing and publications | $0 |
| Other expenses | $21,110 |
| Total operating and administrative expenses | $724,561 |
| Contributions, gifts, grants paid | $2,734,865 |
| Total expenses and disbursements | $3,459,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $332,628 |
| 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 | $37,868 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,390 |
| Other assets | $60,483 |
| Total assets | $52,581,116 |
| Accounts payable and accrued expenses | $41,710 |
| Grants payable | $4,099,371 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $122,929 |
| Total liabilities | $4,264,010 |
Grants Awarded
Over the last fiscal year, Charles Lee Powell Foundation has awarded $5,501,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
STANFORD UNIVERSITY PURPOSE: EDUCATION | $650,000 |
WOUNDED WARRIOR PROJECT PURPOSE: MEMORIAL | $1,000 |
UNIVERSITY OF CALIFORNIA SAN DIEGO PURPOSE: EDUCATION | $825,000 |
CALIFORNIA INSTITUTE OF TECHNOLOGY PURPOSE: EDUCATION | $650,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: EDUCATION | $650,000 |
UNIVERSITY OF CALIFORNIA SAN DIEGO PURPOSE: EDUCATION | $775,000 |