Plank Family Foundation
- Assets
- $9.6m
- Revenue
- $134.5k
- Investments
- $9.5m
- Employees
- 0
- Location
- Brooklandville, MD
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 26-1300940
Organization Overview
Plank Family Foundation is located in Brooklandville, MD. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Plank 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 12/2021, Plank Family Foundation generated $134.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (59.5%) each year. All expenses for the organization totaled $788.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Plank Family Foundation has awarded 141 individual grants totaling $32,059,550. 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 |
|---|---|---|---|
Kevin A Plank President/treasurer | 1 | $0 | |
Desiree Jacqueline Plank Vice President | 1 | $0 | |
Thomas J Sippel Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,338 |
| Dividends & Interest | $91,612 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,558 |
| Capital Gain Net Income | $17,558 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $134,508 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $324 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58 |
| Total operating and administrative expenses | $18,494 |
| Contributions, gifts, grants paid | $770,000 |
| Total expenses and disbursements | $788,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,056 |
| Savings and temporary cash investments | $104,560 |
| 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 | $9,453,171 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,299 |
| Total assets | $9,568,086 |
| 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, Plank Family Foundation has awarded $770,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL DONATION | $250,000 |
Baltimore, MD PURPOSE: GENERAL DONATION - 2021 | $200,000 |
WESTLAKE YOUTH ATHLETIC ORGANIZATION PURPOSE: ANNUAL DONATION | $125,000 |
Baltimore, MD PURPOSE: GENERAL DONATION | $100,000 |
CHURCH OF THE NATIVITY PURPOSE: GENERAL DONATION - 2021 | $25,000 |
Baltimore, MD PURPOSE: GENERAL DONATION - 2021 | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Morris And Gwendolyn Cafritz Foundation Washington, DC | $0 | $65,532,545 |
Longwood Foundation Inc Wilmington, DE | $0 | $53,076,926 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Sherman Fairchild Foundation Inc Chevy Chase, MD | $608,781,139 | $70,437,193 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Molina Healthcare Charitable Foundation Wilmington, DE | $6,023,085 | $109,085 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Workday Foundation Wilmington, DE | $43,827,189 | $3,435,808 |
Illumina Corporate Foundation Wilmington, DE | $8,163,072 | $7,329,761 |