The Powder Mill Foundation
- Assets
- $144.0m
- Revenue
- $1.7m
- Investments
- $109.3m
- Employees
- 0
- Location
- York, PA
- Founding
- 03/1993
- Data as of
- 12/2022
- EIN
- 23-7751589
Organization Overview
The Powder Mill Foundation is located in York, PA. 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. Powder Mill 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, Powder Mill Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $8.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Powder Mill Foundation has awarded 760 individual grants totaling $60,171,378. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE SOLE ACTIVITY IS TO MAKE CHARITABLE CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS IN THE YORK, PENNSYLVANIA AREA AND HARVARD UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Kennedy Chairman | 15 | $0 | |
Josephine S Appell Vice-Chair, Trustee | 1 | $0 | |
Mary Stetler Secretary | 2 | $0 | |
Helen F Appell II Trustee | 1 | $0 | |
Louis J Appell III Trustee | 1 | $0 | |
George Hodges Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $129,715 |
| Interest on Savings | $320,305 |
| Dividends & Interest | $913,919 |
| Net Rental Income | -$67,439 |
| Net Gain on Sale of Assets | $2,063,618 |
| Capital Gain Net Income | $2,063,618 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,775,896 |
| Total Revenue | $1,742,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $288,459 |
| Other employee salaries and wages | $191,442 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $260,935 |
| Depreciation | $25,027 |
| Occupancy | $165,435 |
| Travel, conferences, and meetings | $21,389 |
| Printing and publications | $0 |
| Other expenses | $196,012 |
| Total operating and administrative expenses | $1,699,379 |
| Contributions, gifts, grants paid | $6,668,707 |
| Total expenses and disbursements | $8,368,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,409,210 |
| 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 | $31,178,583 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $95,870 |
| Net Investments - land, buildings, equipment | $915,376 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,816,786 |
| Net Land, buildings, and equipment | $74,591 |
| Other assets | $0 |
| Total assets | $143,961,751 |
| Accounts payable and accrued expenses | $36,852 |
| Grants payable | $14,547,917 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,600,000 |
| Other liabilities | $0 |
| Total liabilities | $16,184,769 |
Grants Awarded
Over the last fiscal year, The Powder Mill Foundation has awarded $6,668,707 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
ACCOUNTABILITY FOR LIFE PURPOSE: CAPITAL ITEMS | $42,500 |
APPELL CENTER FOR PERFORMING ARTS PURPOSE: SUPPORT | $200,000 |
AMERICAN RED CROSS PURPOSE: EQUIPMENT | $17,990 |
BETHANY CHRISTIAN SERVICES PURPOSE: FOSTER CARE PARENT SUPPORT | $15,000 |
THE ARC OF YORK COUNTY PURPOSE: UPGRADES TO CAMP PENWOOD | $22,215 |
BIG BROTHERS BIG SISTERS OF YORK PURPOSE: IT EQUIPMENT | $6,640 |