Popular Foundation Inc
- Assets
- $3.6m
- Revenue
- $762.9k
- Investments
- $3.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2015
- Data as of
- 12/2022
- EIN
- 47-4997597
Organization Overview
Popular Foundation Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Popular Foundation 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, Popular Foundation Inc generated $762.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $555.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (25.2%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Popular Foundation Inc has awarded 81 individual grants totaling $2,015,341. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Carrion Chairman, Director | 0 | $0 | |
Carlos Vazquez Vice Chairman, Director | 0 | $0 | |
Beatriz Polhamus Executive Director, Director | 0 | $0 | |
Eduardo J Negron Treasurer, Director | 0 | $0 | |
Ignacio Alvarez Zatarain Director | 0 | $0 | |
Manuel Chinea Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $675,520 |
| Interest on Savings | $0 |
| Dividends & Interest | $89,013 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,600 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $762,933 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,376 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $88,081 |
| Total operating and administrative expenses | $106,953 |
| Contributions, gifts, grants paid | $448,860 |
| Total expenses and disbursements | $555,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,918 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $8,116 |
| 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 | $3,277,674 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,588,708 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $396,900 |
| 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 | $396,900 |
Grants Awarded
Over the last fiscal year, Popular Foundation Inc has awarded $448,860 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR FINANCIAL TRAINING INC PURPOSE: THE STUDENTS-TEACHING-STUDENTS TARGETS MIAMI DADE COLLEGE STUDENTS AND THEIR FAMILIES WITH THE MISSION TO RAISE FINANCIAL LITERACY AMONG LMI COMMUNITIES. | $8,000 |
JUNIOR ACHIEVEMENT OF NEW YORK PURPOSE: ENGAGING POPULAR BANK VOLUNTEERS TO TEACH FINANCIAL LITERACY TO K-12 STUDENTS. SUPPORT FROM THE POPULAR FOUNDATION WILL ALLOW FOR VIRTUAL AND IN-PERSON DELIVERY OF JA'S CURRICULUM TO STUDENTS IN HIGH-NEED COMMUNITIES THROUGHOUT NEW YORK CITY. | $15,000 |
NATIONAL COUNCIL OF JEWISH WOMEN INC PURPOSE: SINCE 2008, THE NCJW/ESSEX BACK 2 SCHOOL STORE (B2SS) HAS PROVIDED NEW SCHOOL SUPPLIES, CLOTHING AND TOILETRIES TO MORE THAN 10,300 UNDERSERVED CHILDREN THROUGHOUT ESSEX COUNTY WITH THE HELP OF MORE THAN 4,600 VOLUNTEERS. | $10,000 |
BROOKLYN BUREAU OF COMMUNITY SERVICE PURPOSE: THROUGH THE CUMBO CHILDHOOD EDUCATION CENTER, BCS SEEKS TO CONTINUE ITS AFTERSCHOOL PROGRAMMING FOCUSED ON STRENGTHENING READING, WRITING, AND CRITICAL THINKING SKILLS USING CUSTOMIZED CURRICULA THAT INCORPORATE LANGUAGE ARTS, MATH AND SCIENCE. | $5,000 |
FAMILY LEGAL CARE PURPOSE: LIFT'S FAMILY LAW EDUCATION AND COMMUNITY OUTREACH PROGRAM PRIMARILY ENTAILS VIRTUAL LEGAL CLINICS, WEBINARS, AND SHARING OF LEGAL INFORMATION AND TOOLS IN THE COMMUNITY AND WITH LOCAL SERVICE PROVIDERS. | $11,000 |
BOTTOMLESS CLOSET PURPOSE: EMPOWERING DISADVANTAGED WOMEN TO WORK TOWARDS SELF-SUFFICIENCY BY BUILDING SKILLS THROUGH THE UPSKILL AT HOME VIRTUAL WORKSHOP PROGRAM. | $10,000 |