Porcini Childrens Foundation Inc
- Assets
- $146.1k
- Revenue
- $202.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 08/2004
- Data as of
- 03/2022
- EIN
- 20-1151758
Organization Overview
Porcini Childrens Foundation Inc is located in Louisville, KY. The organization was established in 2004. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Porcini Childrens 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 03/2022, Porcini Childrens Foundation Inc generated $202.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $106.8k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Porcini Childrens Foundation Inc has awarded 29 individual grants totaling $340,751. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT OTHER EXEMPT ORGANIZATIONS THAT HELP UNDERPRIVILEGED & DISABLED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFT TO THE KIDS CANCER ALLIANCE FOR CHILDREN'S PROGRAMS
MISCELLANEOUS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Coury President | Officer | 1 | $0 |
Kelly Farmer Director | Trustee | 1 | $0 |
Patricia T Coury Director | Trustee | 1 | $0 |
Del Farmer Director | Trustee | 1 | $0 |
Phyllip Blythe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $166,447 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $114,143 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,447 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,380 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $202,828 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $87,950 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,445 |
| Advertising and promotion | $0 |
| Office expenses | $810 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $106,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,144 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $146,144 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $21,947 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $124,197 |
| Total liabilities and net assets/fund balances | $146,144 |
Grants Awarded
Over the last fiscal year, Porcini Childrens Foundation Inc has awarded $77,251 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY | | $30,000 |
Louisville, KY | | $20,000 |
BOYS AND GIRLS CLUB OF KENTUCKIANA | | | $10,000 |
JCTC FOUNDATION | | | $6,000 |
Louisville, KY | | $6,000 |
ST VINCENT DE PAUL | | | $5,251 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Porcini Childrens Foundation Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Toast Life Foundation Guerneville, CA PURPOSE: CHILDRENSMEDICALSUPPORT | $5,000 |
Tom Musselman Foundation Inc Louisville, KY PURPOSE: TO HELP UNDERPRIVILEGED AND DISABLED CHILDREN | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Remember Nhu Akron, OH | $1,725,867 | $3,603,409 |
Optimist International Youth Programs Foundation Inc Saint Louis, MO | $286,675 | $1,174,603 |
Congressional Sports For Charity Alexandria, VA | $777,505 | $905,404 |
Gnf Clarksville, TN | $246,958 | $954,659 |
Upspring Cincinnati, OH | $867,696 | $895,370 |
Youth Life Foundation Of Richmond Richmond, VA | $331,898 | $775,489 |
Anthony Munoz Foundation Cincinnati, OH | $1,120,500 | $1,095,006 |
Dreamchasers Clarksville, TN | $172,017 | $578,217 |
M4k Lynchburg Inc Lynchburg, VA | $46,148 | $496,402 |
Cavaliers Youth Foundation Cleveland, OH | $907,069 | $380,976 |
3e Funding Inc Clarksville, TN | $268,851 | $536,563 |
Van Noy Valor Foundation Inc Florence, KY | $112,217 | $345,441 |