The Pokelwaldt-Mcdowell Family Foundation
- Assets
- $859.8k
- Revenue
- $26.7k
- Investments
- $670.6k
- Employees
- 0
- Location
- Southern Shores, NC
- Founding
- 12/2006
- Data as of
- 12/2023
- EIN
- 23-6885552
Organization Overview
The Pokelwaldt-Mcdowell Family Foundation is located in Southern Shores, NC. 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. Pokelwaldt-Mcdowell 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 12/2023, Pokelwaldt-Mcdowell Family Foundation generated $26.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $46.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Pokelwaldt Trustee As Needed | 0 | $0 | |
Laurel Pokelwaldt Trustee As Needed | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,950 |
| Interest on Savings | $6,045 |
| Dividends & Interest | $12,826 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,898 |
| Capital Gain Net Income | $5,898 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,719 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $46,500 |
| Total expenses and disbursements | $46,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $188,237 |
| 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 | $979 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $670,604 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $859,820 |
| 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 | $5,950 |
| Total liabilities | $5,950 |
Grants Awarded
Over the last fiscal year, The Pokelwaldt-Mcdowell Family Foundation has awarded $48,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAINTS EPISCOPSAL CHURCH PURPOSE: GENERAL PURPOSE | $1,100 |
ANNIMAL LOVERS ASSISTANCE LEAGUE PURPOSE: GENERAL PURPOSE | $1,000 |
CHILDRENS MIRACLE NETWORK PURPOSE: GENERAL PURPOSE | $900 |
OPERATION MEND PURPOSE: GENERAL PURPOSE | $2,000 |
DARE COUNTY EDUCATION PURPOSE: GENERAL PURPOSE | $1,000 |
ELON UNIVERSITY PURPOSE: GENERAL PURPOSE | $3,200 |