Leo & Alta Poskey Charitable Foundation
- Assets
- $429.9k
- Revenue
- $24.2k
- Investments
- $426.0k
- Employees
- 0
- Location
- Williamston, MI
- Founding
- 05/2010
- Data as of
- 12/2023
- EIN
- 80-0300511
Organization Overview
Leo & Alta Poskey Charitable Foundation is located in Williamston, MI. The organization was established in 2010. 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. Leo & Alta Poskey Charitable 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, Leo & Alta Poskey Charitable Foundation generated $24.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $13.9k during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS = 100%
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 |
|---|---|---|---|
Robert S Schang Director | 0 | $4,300 | |
Manvir S Grewal Trustee | 0 | $0 | |
Mark Schang Trustee | 0 | $700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,607 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,629 |
| Capital Gain Net Income | $3,403 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,236 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $419 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $5,939 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $13,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,866 |
| 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 | $429,869 |
| 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, Leo & Alta Poskey Charitable Foundation has awarded $8,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ABRAHAM HANNA PURPOSE: SCHOLARSHIP | $4,000 |
KATELYN MARTINEZ PURPOSE: SCHOLARSHIP | $4,000 |