Powdermaker Family Foundation
- Assets
- $292.3k
- Revenue
- $7.4k
- Investments
- $188.1k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 20-8366895
Organization Overview
Powdermaker Family Foundation is located in Dallas, TX. The organization was established in 2007. 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. Powdermaker 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 12/2022, Powdermaker Family Foundation generated $7.4k 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 (19.6%) each year. All expenses for the organization totaled $19.0k during the year ending 12/2022. 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 2016, Powdermaker Family Foundation has awarded 105 individual grants totaling $211,230. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO FURTHER THE EDUCATION OF QUALIFIED, MOTIVATED INDIVIDUALS WHO MIGHT NOT OTHERWISE HAVE THE OPPORTUNITY FOR HIGHER EDUCATION. IN CALENDAR 2022, THE FOUNDATION PROVIDED TUITION SUPPORT FOR SEVEN COLLEGE STUDENTS THROUGH EDUCATIONAL SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Powdermaker President | 5 | $0 | |
Jill Powdermaker VP / Treas | 8 | $0 | |
Karin Powdermaker VP / Sec | 5 | $0 | |
Daniel Byrd Director | 5 | $0 | |
Sonia White Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000 |
| Interest on Savings | $136 |
| Dividends & Interest | $4,250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,386 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $57 |
| Depreciation | $849 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,147 |
| Total operating and administrative expenses | $3,053 |
| Contributions, gifts, grants paid | $15,950 |
| Total expenses and disbursements | $19,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,641 |
| Savings and temporary cash investments | $85,290 |
| 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 | $1,273 |
| Other assets | $0 |
| Total assets | $292,319 |
| 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, Powdermaker Family Foundation has awarded $15,950 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ESTRADA ANA PURPOSE: COLLEGE SCHOLARSHIP | $4,000 |
MAURICIO DUARTE PURPOSE: COLLEGE SCHOLARSHIP | $1,000 |
DARINAE DALLAS PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
LYDIA LYNN PURPOSE: COLLEGE SCHOLARSHIP | $4,000 |
SARAH NOOR ALAM PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
CYNTHIA RAMOS PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |