Piassick Family Foundation
- Assets
- $1.2m
- Revenue
- $53.3k
- Investments
- $1.2m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 26-3908886
Organization Overview
Piassick Family Foundation is located in Birmingham, AL. The organization was established in 2009. 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. Piassick Family 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 12/2023, Piassick Family Foundation generated $53.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 52.7% each year . All expenses for the organization totaled $121.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Piassick Family Foundation has awarded 143 individual grants totaling $819,296. 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
TO PROVIDE FINANCIAL SUPPORT TO NON-PROFIT ORGANIZATIONS BENEFITING THE CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY OR EDUCATIONAL NEEDS OF THE BIRMINGHAM AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel B Piassick Director | 0 | $0 | |
Karen Piassick Director | 0 | $0 | |
Joan P Swartz Director | 0 | $0 | |
Louis N Piassick Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,580 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,578 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,371 |
| Capital Gain Net Income | $13,373 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$269 |
| Total Revenue | $53,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $34 |
| Taxes | $3,618 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,735 |
| Contributions, gifts, grants paid | $99,061 |
| Total expenses and disbursements | $121,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,501 |
| 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 | $212,897 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,245,160 |
| 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, Piassick Family Foundation has awarded $99,061 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY FOR CLASSICAL EDUCATION PURPOSE: GENERAL SUPPORT | $3,000 |
ALABAMA HOLOCAUST EDUCATION CENTER PURPOSE: GENERAL SUPPORT | $10,000 |
ALABAMA PUBLIC TELEVISION PURPOSE: GENERAL SUPPORT | $1,000 |
ALABAMA SYMPHONY ORCHESTRA PURPOSE: GENERAL SUPPORT | $7,500 |
AMERICAN COLLEGE OF BANKRUPTCY FOUNDATION PURPOSE: GENERAL SUPPORT | $1,111 |
BIRMINGHAM JEWISH FEDERATION PURPOSE: GENERAL SUPPORT | $1,000 |