Polk Foundation is located in Columbus, OH. The organization was established in 2014. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polk 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 09/2023, Polk Foundation generated $14.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (38.3%) each year. All expenses for the organization totaled $84.7k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL & RECREATIONAL ACTIVITIES FOR 1000 INNER CITY YOUTH
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen M Polk President | 40 | $0 | |
Marjorie L Polk Vice President | 20 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,289 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $14,289 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,588 |
| Professional fees and other payments to independent contractors | $3,000 |
| Occupancy, rent, utilities, and maintenance | $11,113 |
| Printing, publications, postage, and shipping | $1,125 |
| Other expenses | $60,211 |
| Total expenses | $84,747 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,083 |
| Other assets | $0 |
| Total assets | $29,783 |
| Total liabilities | $1,270 |
| Net assets or fund balances | $28,513 |