Proffitt Brothers Foundation Inc
- Assets
- $19.0k
- Revenue
- $25.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-1229916
Organization Overview
Proffitt Brothers Foundation Inc is located in Rockville, MD. The organization was established in 2019. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proffitt Brothers 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 12/2022, Proffitt Brothers Foundation Inc generated $25.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $47.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Proffitt Brothers Foundation Inc has awarded 14 individual grants totaling $165,112. 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
AMERICAN HEROES BENEFIT - TO SUPPORT AMERICA'S VETERANS, SERVICE-MEMBERS AND THEIR FAMILIES AND RAISE MONEY FOR VETERANS CHARITABLE ORGANIZATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,604 |
| 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 | $25,604 |
| 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 | $942 |
| Total operating and administrative expenses | $7,615 |
| Contributions, gifts, grants paid | $40,262 |
| Total expenses and disbursements | $47,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,087 |
| 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 | $5,933 |
| Other assets | $0 |
| Total assets | $19,020 |
| 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, Proffitt Brothers Foundation Inc has awarded $40,262 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LIVE WATER FOUNDATION PURPOSE: TO SUPPORT THE INITIATIVES OF GIVING BACK TO VETERANS AND UNDERPRIVILEGED AND DISABLED YOUTH BY FACILITATING WATERSPORTS PROGRAMS AND KEEPING WATERWAYS CLEAN | $10,000 |
HEROS SUPPORTING HEROS PURPOSE: TO SUPPORT THE MISSION OF PROVIDING STABLE AND SAFE HOUSING FOR MILITARY MEMBERS AND THEIR FAMILIES, SENIOR CITIZENS AND OTHERS IN NEED | $10,000 |
FOR 3 SISTERS PURPOSE: TO RAISE AWARENESS AND IMPROVE THE LIVES OF PEOPLE AFFECTED BY BREAST CANCER | $14,262 |
7 BENEFIT LTD PURPOSE: GENERAL | $6,000 |