Pure Edge Inc
- Assets
- $324.1k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Palm Beach, FL
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 45-3182571
Organization Overview
Pure Edge Inc is located in Palm Beach, FL. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2022, Pure Edge Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pure Edge Inc 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, Pure Edge Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pure Edge Inc has awarded 47 individual grants totaling $2,662,846. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL OF THE FOUNDATION IS TO BRING HEALTH AND WELLNESS STRATEGIES AND PROGRAMMING TO BOTH UNDERSERVED SCHOOLS AND COMMUNITIES THAT HAVE BEEN IMPACTED BY TRAUMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Buontempo Treasurer | 1 | $0 | |
Kimberly Clarke Director | 1 | $0 | |
Janet Rienstra-Friesen Director | 1 | $0 | |
Paul Tudor Jones II Chairman | 1 | $0 | |
Sonia Jones Founder & Vice Chair | 1 | $0 | |
Jeff Krasno Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,030,564 |
| Interest on Savings | $7 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,030,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $353,470 |
| Other employee salaries and wages | $538,734 |
| Pension plans, employee benefits | $158,075 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $70,008 |
| Printing and publications | $163,741 |
| Other expenses | $320,215 |
| Total operating and administrative expenses | $1,692,912 |
| Contributions, gifts, grants paid | $350,000 |
| Total expenses and disbursements | $2,042,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $321,511 |
| Savings and temporary cash investments | $1,008 |
| Net Accounts receivable | $1,606 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $324,125 |
| Accounts payable and accrued expenses | $115,353 |
| 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 | $115,353 |
Grants Awarded
Over the last fiscal year, Pure Edge Inc has awarded $350,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CASEL LOCKBOX PURPOSE: BRIDGING SOCIAL AND EMOTIONAL LEARNING AND WORKFORCE READINESS | $200,000 |
UNIVERSITY OF VIRGINIA - SCHOOL OF ED PURPOSE: GR 21ST CENTURY LEARNING PROJECT | $50,000 |
HOPE CHICAGO PURPOSE: HELP TENS OF THOUSANDS OF CHICAGO STUDENTS AND FAMILY MEMBERS EARN POST-SECONDARY CREDENTIALS. | $100,000 |