Philanthropy Tank Inc
- Assets
- $110.1k
- Revenue
- $398.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Boca Raton, FL
- Founding
- 01/2016
- Data as of
- 08/2023
- EIN
- 46-3206074
Organization Overview
Philanthropy Tank Inc is located in Boca Raton, FL. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2023, Philanthropy Tank Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philanthropy Tank 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 08/2023, Philanthropy Tank Inc generated $398.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $664.1k during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PHILANTHROPHY TANK EMPOWERS STUDENT LEADERS TO MAKE IMPACTFUL, SUSTAINABLE CHANGE IN THEIR COMMUNITIES THROUGH THE DEVELOPMENT OF SERVICE-DRIVEN PROGRAMS. PHILANTHROPY TANK, INC. CONDUCTS A NUMBER OF ACTIVITIES FOCUSED ON INCREASING BOTH THE AMOUNT AND EFFICIENCY OF PHILANTHROPIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPY TANKS FUELS AND INSPIRES THE NEXT GENERATION OF CHANGE LEADERS, OUR YOUTH, OR AS WE LIKE TO CALL THEM, POSITIVELY DISRUPTIVE CHANGEMAKERS. STUDENTS IDENTIFY SOCIAL ISSUES THAT COMFORT OUR COMMUNITY. THE PROGRAM CHALLENGES EMPOWERS AND EQUIPS THEM TO DEVELOP AND EXECUTE SUSTAINABLE INITIATIVES AND SOLUTIONS TO THESE PROBLEMS.PHILANTHROPIST - INVESTORS FUND STUDENT INITIATIVES, INVESTING IN THEIR COMMUNITY PROJECTS. THROUGH ONE-TO-ONE MENTORING, PHILANTHROPIST-INVESTORS FUEL STUDENTS DESIRES, HELPING THEM EXECUTE INITIATIVES WHILE INCREASING THEIR ABILITY TO MAKE MEANINGFUL CHANGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Brand Chief Executive Officer | Officer | 0 | $109,210 |
Nakeia Jones Chief Program Officer | Officer | 0 | $88,425 |
Vicki Pugh Director | Trustee | 0 | $0 |
Julie Brandt Director | Trustee | 0 | $0 |
Karen Conway Director | Trustee | 0 | $0 |
Evan C Deoul President | Officer | 0 | $0 |
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 | $398,831 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,831 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $398,831 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $87,807 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $216,437 |
| Compensation of current officers, directors, key employees. | $23,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,428 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50,824 |
| Office expenses | $20,825 |
| Information technology | $22,381 |
| Royalties | $0 |
| Occupancy | $13,607 |
| Travel | $11,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,451 |
| Interest | $4,198 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $731 |
| Insurance | $1,831 |
| All other expenses | $0 |
| Total functional expenses | $664,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,091 |
| Savings and temporary cash investments | $17,730 |
| Pledges and grants receivable | $81,606 |
| 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 | $0 |
| Net Land, buildings, and equipment | $548 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,090 |
| Total assets | $110,065 |
| Accounts payable and accrued expenses | $15,158 |
| Grants payable | $260,297 |
| 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 | $46,761 |
| Other liabilities | $0 |
| Total liabilities | $322,216 |
| Net assets without donor restrictions | -$377,675 |
| Net assets with donor restrictions | $165,524 |
| 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 | $110,065 |
Grants Awarded
Over the last fiscal year, Philanthropy Tank Inc has awarded $30,934 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SHOES 2 U PURPOSE: SHOES 2 U PROGRAM | $7,000 |
CONNISTON MIDDLE SCHOOL PURPOSE: SURFACE 71 FILTERS | $7,223 |
AMAZON MARKETPLACE PURPOSE: LITTLE ANGELS, STEM LAB, MAYAN GIRLS SUPPLIES | $9,161 |
APPLE INC PURPOSE: LITTLE ANGELS IPADS | $7,550 |