Procyon Strong Foundation Inc
- Assets
- $10.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Shelton, CT
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 83-1242189
Organization Overview
Procyon Strong Foundation Inc is located in Shelton, CT. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Procyon Strong 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 12/2021, Procyon Strong Foundation Inc generated $10.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $5.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (31.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO ADVOCATE FOR CHARITABLE CAUSES THAT SUPPORT EDUCATION INITIATIVES FOR FAMILIES OF AMERICAN VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Fiore President | 1 | $0 | |
Jeff Farrar Treasurer | 1 | $0 | |
Christopher Foster Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,250 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,250 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $5,000 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,251 |
| Other assets | $0 |
| Total assets | $10,251 |
| Total liabilities | $0 |
| Net assets or fund balances | $10,251 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Procyon Strong Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Holmes Foundation Inc Vero Beach, FL PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |
Island Outreach Foundation Inc Center Moriches, NY | $19,989,596 | $2,168,344 |
University Of The Andes Foundation Inc New York, NY | $11,245,685 | $2,158,813 |
Goodman-Lipman Family Foundation Inc Larchmont, NY | $13,467,092 | $1,080,767 |