Bernard F & Mary Ann Powell Foundation Inc
- Assets
- $4.8m
- Revenue
- $209.4k
- Investments
- $4.5m
- Employees
- 0
- Location
- Parrish, FL
- Founding
- 02/2002
- Data as of
- 12/2023
- EIN
- 59-3575091
Organization Overview
Bernard F & Mary Ann Powell Foundation Inc is located in Parrish, FL. The organization was established in 2002. 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. Bernard F & Mary Ann Powell 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 12/2023, Bernard F & Mary Ann Powell Foundation Inc generated $209.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $345.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bernard F & Mary Ann Powell Foundation Inc has awarded 191 individual grants totaling $1,478,872. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION WAS CREATED TO PROVIDE CONTRIBUTIONS TO DESIGNATED PUBLIC CHARITIES ON AN ANNUAL BASIS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Archangeli Director | 15 | $42,403 | |
Matthew Archangeli Director | 15 | $49,212 | |
Kathleen Strong Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $143,589 |
| Dividends & Interest | $91,051 |
| Net Rental Income | $9,086 |
| Net Gain on Sale of Assets | -$76,358 |
| Capital Gain Net Income | $7,559 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,048 |
| Total Revenue | $209,418 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $91,615 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,009 |
| Interest | $106 |
| Taxes | $2,738 |
| Depreciation | $8,556 |
| Occupancy | $7,704 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,849 |
| Total operating and administrative expenses | $161,732 |
| Contributions, gifts, grants paid | $183,718 |
| Total expenses and disbursements | $345,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,772 |
| 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 | $200,000 |
| Net Land, buildings, and equipment | $115,430 |
| Other assets | $0 |
| Total assets | $4,804,916 |
| 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 | $86,470 |
| Total liabilities | $86,470 |
Grants Awarded
Over the last fiscal year, Bernard F & Mary Ann Powell Foundation Inc has awarded $183,718 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
2ND CHANCE RANCH AND RESCUE PURPOSE: UCC | $15,000 |
AFRICAN DRUM & DANCE PARENT ASSOC PURPOSE: UCC | $10,000 |
ARGELIA'S ANGELS PURPOSE: UCC | $10,000 |
BOYS AND GIRLS CLUB OF HENDERSON PURPOSE: UCC | $7,500 |
CHOICES PURPOSE: UCC | $10,000 |
BREAKTHROUGH ATLANTA PURPOSE: UCC | $5,000 |