Polaris Foundation
- Assets
- $189.7k
- Revenue
- $40.6k
- Investments
- $184.2k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 07/2015
- Data as of
- 04/2024
- EIN
- 47-4167906
Organization Overview
Polaris Foundation is located in San Jose, CA. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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. Polaris 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 04/2024, Polaris Foundation generated $40.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 67.6% each year . All expenses for the organization totaled $16.5k during the year ending 04/2024. While expenses have increased by 15.0% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT 127
CHILDREN OF FALLEN PATRIOTS FOUNDATION
DAV CHARITABLE SERVICE TRUST
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $52 |
| Dividends & Interest | $1,278 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,241 |
| Capital Gain Net Income | $39,241 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $508 |
| Depreciation | $328 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,965 |
| Total operating and administrative expenses | $5,216 |
| Contributions, gifts, grants paid | $11,273 |
| Total expenses and disbursements | $16,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,416 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $163 |
| Other assets | $0 |
| Total assets | $189,737 |
| Accounts payable and accrued expenses | $15,768 |
| 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 | $15,768 |
Grants Awarded
Over the last fiscal year, Polaris Foundation has awarded $11,273 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN OF FALLEN PATRIOTS FDTN PURPOSE: PROVIDE ASSISTANCE TO CHILDREN OF FALLEN PATRIOTS | $2,688 |
SEE ATTACHED SCHEDULE PURPOSE: TO SUPPORT EDUCATION FOR LOW INCOME HSHD STUDENTS | $6,000 |
CHARITABLE SERVICE TRUST PURPOSE: PROVIDE HELP TO VETERANS AND THEIR FAMILIES | $2,585 |