The Polasek Family Foundation
- Assets
- $0.0
- Revenue
- $4.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Abbott, TX
- Founding
- Data as of
- 12/2023
- EIN
- 85-3870255
Organization Overview
The Polasek Family Foundation is located in Abbott, TX. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polasek Family 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, Polasek Family Foundation generated $4.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (74.8%) each year. All expenses for the organization totaled $275.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Polasek Family Foundation has awarded 39 individual grants totaling $356,010. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO DIRECT CHARITABLE ACTIVITIES; ONLY CHARITABLE DONATIONS TO OTHER LIKE-MINDED ORGANIZATIONS SUPPORTING CATHOLIC TEACHINGS, EDUCATION, AND MATERNITY CARE.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,837 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $8,831 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,837 |
| 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 | $0 |
| Total operating and administrative expenses | $1,355 |
| Contributions, gifts, grants paid | $274,043 |
| Total expenses and disbursements | $275,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, The Polasek Family Foundation has awarded $274,043 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
EWTN PURPOSE: TO SUPPORT THE BROADCAST OF RELIGIOUS PROGRAMS | $3,000 |
DIOCESE OF CORPUS CHRISTI PURPOSE: CHURCH | $1,000 |
FOCUS PURPOSE: SAVE THE SOULS OF COLLEGESTUDENTS. | $15,000 |
40 DAYS FOR LIFE PURPOSE: HELP WOMENSAVE THEIRBABIES. | $1,000 |
ST MARTIN'S CHURCH PURPOSE: SUPPORT OF ALLCHURCH MINISTRIES. | $16,000 |
ST VINCENT DEPAUL PURPOSE: HELP THE NEEDYIN OURCOMMUNITY. | $15,000 |