Purple Mountain Foundation
- Assets
- $231.3k
- Revenue
- $12.2k
- Investments
- $224.7k
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 02/1986
- Data as of
- 12/2023
- EIN
- 74-2389269
Organization Overview
Purple Mountain Foundation is located in Scottsdale, AZ. The organization was established in 1986. 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. Purple Mountain 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 12/2023, Purple Mountain Foundation generated $12.2k 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 (3.4%) each year. All expenses for the organization totaled $15.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 years. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PURCHASED CLOTHING, BOOKS, KITCHEN UTENSILS AND SUPPLIES, SMALL ELECTRICAL APPLIANCES, TOWELS, SHEETS AND OTHER HOUSEHOLD ITEMS FOR REAL WORLD JOB DEVELOPMENT - A PROGRAM OF JEWISH FAMILY AND CHILDRENS SERVICES. FOUNDATION DIRECTOR BARRY SHAPIRO DONATED HIS TIME, AUTOMOBILE AND GASOLINE TO PURCHASE AND DELIVER ALL THE MERCHANDISE. THE JEWISH FAMILY AND CHILDREN'S SERVICE IS A 501 (C)3 NONPROFIT, NONSECTARIAN ORGANIZATION.
THE FOUNDATION PROVIDED A GRANT TO STANDUP TO CANCER, A 503(C)(3) NONPROFIT ORGANIZATION.
THE FOUNDATION PROVIDED A GRANT FO 500.00 TO THE RED CROSSS, A 501C(3) NONPROFIT ORGANIZATION, FOR THE HAWAII WILDFIRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Shapiro President | 0 | $0 | |
Barry Shapiro Vice Preside | 0 | $0 | |
Lori Walton Secretary | 0 | $0 | |
David Shapiro Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30 |
| Dividends & Interest | $6,378 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,796 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,204 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,847 |
| Total operating and administrative expenses | $6,497 |
| Contributions, gifts, grants paid | $8,854 |
| Total expenses and disbursements | $15,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,599 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $231,306 |
| 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, Purple Mountain Foundation has awarded $8,854 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
STANDUP TO CANCER PURPOSE: SUPPORT | $500 |
JEWISH FAMILY CHILDRENS PURPOSE: SUPPORT | $7,854 |
RED CROSS PURPOSE: SUPPORT | $500 |