Paul Foundation Inc
- Assets
- $3.4m
- Revenue
- $435.5k
- Investments
- $187.2k
- Employees
- 0
- Location
- Essex, CT
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 06-1387521
Organization Overview
Paul Foundation Inc is located in Essex, CT. The organization was established in 1994. 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. Paul 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, Paul Foundation Inc generated $435.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $199.8k during the year ending 12/2021. While expenses have increased by 28.1% per year over the past 7 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 2015, Paul Foundation Inc has awarded 47 individual grants totaling $566,063. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND WRITING WITH NOTED MARITIME HISTORY AUTHOR TO DEVELOP A BOOK, PODCASTS AND OTHER EDUCATIONAL MEDIA CONCERNING THE HISTORY OF ESSEX, CT IN THE PACKET SHIP ERA.
CONTRIBUTIONS ASSOCIATED WITH THE ACQUISITION, PRESERVATION AND EXHIBITION OF ARTWORK AND ARTIFACTS THAT FURTHER OUR EFFORTS TO PRESERVE THE HISTORY AND CULTURE OF ESSEX, CT AND THE SURROUNDING AREA.
CONTRIBUTIONS TO LOCAL CHARITABLE ORGANIZATIONS THAT SHARE IN OUR EFFORTS TO PRESERVE THE HISTORY, CULTURE AND ARTIFACTS OF ESSEX, CT.
ACQUIRE, PRESERVE, AND EXHIBIT ARTWORK AND ARTIFACTS THAT FURTHER OUR EFFORTS TO PRESERVE THE HISTORY AND CULTURE OF ESSEX, CT AND THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoffrey S Paul Pres/director | 5 | $0 | |
Gregory Paul Sec/director | 1 | $0 | |
Kimberley Leeker Treas/director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $382,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $29,489 |
| Net Gain on Sale of Assets | $6,595 |
| Capital Gain Net Income | $6,595 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $485 |
| Total Revenue | $435,483 |
| 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 | $16,914 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,299 |
| Total operating and administrative expenses | $41,126 |
| Contributions, gifts, grants paid | $158,718 |
| Total expenses and disbursements | $199,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,789 |
| Savings and temporary cash investments | $386 |
| 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 | $505,208 |
| Other assets | $2,588,765 |
| Total assets | $3,409,352 |
| 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, Paul Foundation Inc has awarded $169,930 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ESSEX LIBRARY ASSOCIATION INC PURPOSE: TO FURTHER THE FOUNDATION'S WORK | $500 |
ESSEX ELEMENTARY SCHOOL FNDT PURPOSE: ENHANCE PUBLIC EDUCATION | $5,000 |
CT AUDUBON SOCIETY PURPOSE: GRANT | $7,000 |
STEVEN B UJIFUSA PURPOSE: PUBLICATION DEVELOPMENT | $152,530 |
COMMUNITY MUSIC SCHOOL PURPOSE: TO SUPPORT OPERATIONS. | $1,000 |
TOWN OF ESSEX PURPOSE: TO SUPPORT OPERATIONS. | $3,900 |