Principio Furnace Foundation Inc
- Assets
- $220.6k
- Revenue
- $152.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Perryville, MD
- Founding
- 09/2001
- Data as of
- 03/2022
- EIN
- 52-2325524
Organization Overview
Principio Furnace Foundation Inc is located in Perryville, MD. The organization was established in 2001. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Principio Furnace 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 03/2022, Principio Furnace Foundation Inc generated $152.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $153.7k during the year ending 03/2022. While expenses have increased by 22.9% per year over the past 7 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.
Since 2016, Principio Furnace Foundation Inc has awarded 69 individual grants totaling $150,044. 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 PRINCIPIO MANSION IS A HISTORICAL LANDMARK MAINTAINED AND PRESERVED TO PROVIDE THE COMMUNITY A PLACE TO HOLD FUNDRAISING EVENTS AND MEETINGS AT NO CHARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Warrington Colenda Secretary | 0.25 | $31,200 | |
Gary A Stewart Jr President | 0.25 | $0 | |
Jeremy Lynch Treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $152,929 |
| Interest on Savings | $0 |
| 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 | $152,929 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $77,888 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,392 |
| Total operating and administrative expenses | $121,350 |
| Contributions, gifts, grants paid | $32,364 |
| Total expenses and disbursements | $153,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,581 |
| 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 | $219,051 |
| Other assets | $0 |
| Total assets | $220,632 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Principio Furnace Foundation Inc has awarded $32,364 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH EMPOWERMENT SERVICES PURPOSE: GENERAL OPERATIONS | $9,000 |
HABITAT FOR HUMANITY SUSQUEHANNA PURPOSE: GENERAL OPERATIONS | $7,500 |
BOY'S AND GIRL'S CLUB OF CECIL COUNTY PURPOSE: GENERAL OPERATIONS | $6,535 |
North East, MD PURPOSE: YEARLY DONATION | $4,500 |
CHARLESTOWN ELEMENTARY SCHOOL PURPOSE: GENERAL OPERATIONS | $1,629 |
FREEDOM HILLS PURPOSE: THERAPEUTIC RIDING PROGRAM | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Education Building Corp Wilmington, DE | $62,091,900 | $5,409,569 |
Flamboyan Foundation Inc Washington, DC | $23,344,685 | $18,816,042 |
Charles & Agnes Kazarian Eternal Foundation Washington, DC | $208,004,266 | $5,026,410 |
Building Hope Idaho Washington, DC | $97,183,207 | $6,746,312 |
Stoneleigh Foundation Philadelphia, PA | $92,384,286 | $2,978,235 |
Building Hope Holdings Inc Washington, DC | $2,525,393 | $4,512,862 |
Global Ahead Inc Derwood, MD | $0 | $4,557,570 |
Satell Institute King Of Prussia, PA | $13,359,727 | $1,126,245 |
Rona And Jeffrey Abramson Foundation Rockville, MD | $47,786,937 | $3,092,454 |
Jack Miller Center For Teaching Americas Founding Principles And Bala Cynwyd, PA | $14,689,077 | $1,577,352 |
Jayne Koskinas Ted Giovanis Foundation For Health And Policy Highland, MD | $14,613,580 | $2,825,934 |
Artyard Erwinna, PA | $77,186,190 | $24,985,342 |