Bennack-Polan Foundation
- Assets
- $3.3m
- Revenue
- $211.1k
- Investments
- $3.2m
- Employees
- 0
- Location
- New Canaan, CT
- Founding
- 01/2006
- Data as of
- 11/2023
- EIN
- 20-3981786
Organization Overview
Bennack-Polan Foundation is located in New Canaan, CT. The organization was established in 2006. 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. Bennack-Polan 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 11/2023, Bennack-Polan Foundation generated $211.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $190.2k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bennack-Polan Foundation has awarded 89 individual grants totaling $1,408,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank A Bennack Jr President | 0 | $0 | |
Mary Lake Polan Vice President | 0 | $0 | |
Shelly Mccullough Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $123,167 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $87,948 |
| Capital Gain Net Income | $87,948 |
| Net ST Capital Gain | $87,948 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $211,115 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,392 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,317 |
| Contributions, gifts, grants paid | $170,880 |
| Total expenses and disbursements | $190,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,927 |
| 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 | $3,269,941 |
| 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, Bennack-Polan Foundation has awarded $170,880 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HARBORING HEARTS PURPOSE: DONATION | $10,000 |
STANFORD UNIVERSITY PURPOSE: DONATION | $20,000 |
CURTINS UP FOUNDATION PURPOSE: DONATION | $24,000 |
EK POWE PTA PURPOSE: DONATION | $26,880 |
TRANSFORMATIONAL SERVICES PURPOSE: DONATION | $25,000 |
FRIENDLY SONS OF ST PATRICKS PURPOSE: DONATION | $20,000 |