John & Jane Powers Foundation
- Assets
- $2.4m
- Revenue
- $1.1m
- Investments
- $2.3m
- Employees
- 0
- Location
- North Palm Beach, FL
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 13-7104747
Organization Overview
John & Jane Powers Foundation is located in North Palm Beach, FL. The organization was established in 1998. 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. John & Jane Powers 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 12/2022, John & Jane Powers Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 67.3% each year . All expenses for the organization totaled $88.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, John & Jane Powers Foundation has awarded 49 individual grants totaling $726,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $22 |
| Dividends & Interest | $48,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,576 |
| Capital Gain Net Income | $11,576 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $266 |
| Total Revenue | $1,060,261 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,899 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $88,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,268 |
| 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 | $1,571,493 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $52,290 |
| Total assets | $2,354,514 |
| 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, John & Jane Powers Foundation has awarded $85,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGETOWN UNIVERSITY PURPOSE: GENERAL | $15,000 |
JOHNS HOPKINS KIMMEL CANCER CENTER PURPOSE: GENERAL | $20,000 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: GENERAL | $20,000 |
THE MAYO CLINIC PURPOSE: GENERAL | $20,000 |
UNIVERSITY OF TEXAS FOUNDATION PURPOSE: GENERAL | $10,000 |