Purpose Foundation
- Assets
- $1.6m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 1
- Location
- Island Park, NY
- Founding
- 09/2010
- Data as of
- 12/2021
- EIN
- 27-3106760
Organization Overview
Purpose Foundation is located in Island Park, NY. The organization was established in 2010. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Purpose 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 12/2021, Purpose Foundation generated $11.0m in total revenue. All expenses for the organization totaled $12.1m during the year ending 12/2021. While expenses have increased by 182.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE FOUNDATION EXISTS TO SUPPORT SOCIAL IMPACT CAMPAIGNS AND ORGANIZATIONS THROUGH EDUCATIONAL, PUBLIC ENGAGEMENT, AND AWARENESS EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURPOSE CLIMATE LAB - PHASE II - TO CREATE EXPONENTIAL GROWTH IN THE VOLUME AND POTENCY OF PUBLIC MOBILIZATION CAMPAIGNS DEMANDING BOLD CLIMATE SOLUTIONS IN THE COUNTRIES THAT NEED THEM MOST. THIS IS ACHIEVED BY WORKING IN THE HIGHEST-EMITTING NATIONS TO MEET THEIR COP21 PARIS AGREEMENT COMMITMENTS, HELPING CITIZENS TO HOLD THEIR ELECTED LEADERS ACCOUNTABLE TO ACHIEVING THEIR NDCS, ON SOLVING THE CLIMATE CRISIS AND CONTINUING TO CREATE CONDITIONS RIPE FOR IMPACT.
THE UN COVID-19 COMMUNICATIONS RESPONSE INITIATIVE IS A COLLABORATION TO STRENGTHEN GLOBAL COMMUNICATIONS INFRASTRUCTURE, TO ENGAGE HARD-TO-REACH POPULATIONS WITH LIFE-SAVINGS AND CONTEXTUALLY RELEVANT CONTENT AND TACTICS, SPECIFIC TO VACCINE HESISTANCY, AS THE COVID PANDEMIC CONTINUES TO EVOLVE.
IMPACT OBSERVATORY EMPOWERS DECISION MAKERS WITH THE AI TECHNOLOGY TOOLS THEY NEED TO SUCCEED, INCLUDING ALGORITHMS, DATA, AND SOFTWARE.
OTHER PROGRAMS:- EARLY CHILDHOOD LAB FOR ILLINOIS- FAMILY STORY - CARE WITH DIGNITY CAMPAIGN, PHASE II- BUILDING A UK ANTI-TRAFFICKING LAB WITH AND FOR IMPACTED COMMUNITIES- STRENGTHENING AND SUPPORTING FAMILIES FACING ADVERSITY THROUGH NARRATIVE CHANGE- ENABLING A JUST AND EQUITABLE TRANSITION TO A LOW CARBON ECONOMY IN BENGALURU- ADDRESSING AIR POLLUTION IN POLAND - INTERIM GRANT- LONDON AIR QUALITY DATA-TO-ACTION CAMPAIGN- SUPERCHARGING ACTION ON AIR POLLUTION IN BULGARIA IN 2020 - 2022 - PRINCIPLES OF INCLUSIVE PEACE INITIATIVE- BANK FOR GOOD CAMPAIGN- FROM AWARENESS TO ACTION AN ONLINE TOOL TO CLEAN THE AIRFOLLOWING PROGRAMS WERE CLOSED DURING THE YEAR:- CLIMATE IMPERATIVE: ECOSYSTEM MAPPING PROJECT- SOULS TO THE POLLS- LEVERAGING CHANGE FOR DELHI'S AIR POLLUTION AGENDA- BACK ON THE MOVE- VOTING RIGHTS LAB- COMMUNICATING THE HEALTH IMPACTS OF AIR POLLUTION- YOUTH AND CONSTITUTIONAL VALUES IN INDIA- COMMUNICATIONS CONVENING IN INDIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Risimini Foundation Manager | 40 | $105,000 | |
Daniel Barasch President | OfficerTrustee | 1 | $12,500 |
Thomas Gensemer Treasurer | OfficerTrustee | 1 | $12,500 |
Ethan Fletcher Secretary | OfficerTrustee | 1 | $12,500 |
Galit Gun Vice President | OfficerTrustee | 1 | $12,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Impact Observatory Inc Program Consulting And Implementation | 12/30/20 | $588,000 |
Purpose Campaigns Llc Program Consulting And Implementation | 12/30/20 | $10,752,244 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,041,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,041,583 |
| Total Program Service Revenue | $0 |
| Investment income | $141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,041,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,683 |
| Payroll taxes | $8,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,698 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $450 |
| Advertising and promotion | $420 |
| Office expenses | $3,314 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,783 |
| All other expenses | $1,438 |
| Total functional expenses | $12,078,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,584,032 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,834 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,585,866 |
| Accounts payable and accrued expenses | $42,660 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $42,660 |
| Net assets without donor restrictions | $216,515 |
| Net assets with donor restrictions | $1,326,691 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,585,866 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Purpose Foundation has recieved totaling $1,554,729.
| Awarding Organization | Amount |
|---|---|
United Nations Foundation Inc Washington, DC PURPOSE: UN STRNGTHNG | $959,729 |
Robert R Mccormick Foundation Chicago, IL PURPOSE: THE EARLY CHILDHOOD LAB FOR ILLINOIS, IL EARLY CHILDHOOD LAB | $350,000 |
Novo Foundation Kingston, NY PURPOSE: PROJECT SUPPORT: FAMILY STORY LAB | $150,000 |
Arie And Ida Crown Memorial Chicago, IL PURPOSE: PROGRAM SUPPORT | $50,000 |
Behavioral Ideas Lab Inc New York, NY PURPOSE: IMPLEMENTATION PARTNER SUPPORT | $20,000 |
Rockefeller Family Fund Inc New York, NY PURPOSE: PROJECT SUPPORT - ECONOMIC JUSTICE FOR WOMEN | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Virtual Charter School King Of Prussia, PA | $24,898,829 | $49,068,085 |
Tiegerman School Glen Cove, NY | $36,938,898 | $36,850,171 |
Proteus Fund Inc Amherst, MA | $47,115,132 | $46,264,432 |
Teach For All Inc New York, NY | $63,275,692 | $50,938,774 |
Pay It Forward Foundation Inc Pittsburgh, PA | $11,909,629 | $29,731,720 |
Lifesteps Inc Butler, PA | $25,871,848 | $32,536,752 |
Lsny Bronx Corporation New York, NY | $9,256,880 | $24,578,698 |
Boston Plastic & Oral Surgery Foundation Inc Boston, MA | $28,248,674 | $23,739,730 |
Benefits Data Trust Philadelphia, PA | $35,254,049 | $26,526,932 |
El Education Inc New York, NY | $28,362,379 | $30,858,452 |
Voices For Independence Erie, PA | $11,834,971 | $20,276,084 |
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |