Powell Family Foundation Jon R Powell Family Division
- Assets
- $4.3m
- Revenue
- $175.4k
- Investments
- $4.3m
- Employees
- 0
- Location
- King Of Prussia, PA
- Founding
- 12/2018
- Data as of
- 12/2022
- EIN
- 82-4737241
Organization Overview
Powell Family Foundation Jon R Powell Family Division is located in King Of Prussia, PA. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Powell Family Foundation Jon R Powell Family Division 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, Powell Family Foundation Jon R Powell Family Division generated $175.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $287.5k during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 4 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 2019, Powell Family Foundation Jon R Powell Family Division has awarded 94 individual grants totaling $867,953. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Powell Director | 1 | $20,000 | |
Jill Powell Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $110,390 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,982 |
| Capital Gain Net Income | $64,982 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $175,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,346 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11 |
| Total operating and administrative expenses | $61,356 |
| Contributions, gifts, grants paid | $226,113 |
| Total expenses and disbursements | $287,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,762 |
| Savings and temporary cash investments | $4,136 |
| 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 | $599,088 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,321,668 |
| 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, Powell Family Foundation Jon R Powell Family Division has awarded $226,113 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTIC CAPE FOUNDATION PURPOSE: GENERAL | $20,000 |
CHABAD OF TRIBECA MY LITTLE SCHOOL PURPOSE: GENERAL | $2,000 |
AMERICAN FRIENDS OF LIBI PURPOSE: GENERAL | $116,000 |
CHILDREN'S CRISIS TREATMENT CENTER PURPOSE: GENERAL | $1,500 |
CHILDREN'S TUMOR FOUNDATION PURPOSE: GENERAL | $6,000 |
CHOP FOUNDATION PURPOSE: GENERAL | $2,500 |