The Fred And Patty Powers Family Foundation
- Assets
- $241.9k
- Revenue
- $9.6k
- Investments
- $240.6k
- Employees
- 0
- Location
- Richmond, IN
- Founding
- 08/2000
- Data as of
- 12/2023
- EIN
- 35-6702638
Organization Overview
The Fred And Patty Powers Family Foundation is located in Richmond, IN. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Fred And Patty Powers 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, Fred And Patty Powers Family Foundation generated $9.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $32.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fred And Patty Powers Family Foundation has awarded 55 individual grants totaling $114,250. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
CONTRIBUTIONS TO ORGANIZATIONS WHICH ARE DULY AUTHORIZED TO CARRY ON CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY OR EDUCTIONAL ACTIVITIES AND WHICH ARE TAX EXEMPT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Powrs Macke Trustee | 2 | $0 | |
Kimberly L Kinsey Trustee | 1 | $0 | |
Granville F Powers III Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $9,587 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $3,511 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,606 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $152 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,067 |
| Contributions, gifts, grants paid | $27,250 |
| Total expenses and disbursements | $32,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,314 |
| 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 | $241,946 |
| 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, The Fred And Patty Powers Family Foundation has awarded $27,250 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
228 CLUB PURPOSE: GENERAL | $1,250 |
ABILITIES RICHMOND INC PURPOSE: GENERAL | $1,000 |
ANIMAL WELFARE LEAGUE PURPOSE: GENERAL | $2,000 |
BOYS AND GIRLS CLUB PURPOSE: GENERAL | $2,000 |
COMMUNITY FOOD PANTRY PURPOSE: GENERAL | $2,500 |
FRIENDS OF MORRISON REEVES PURPOSE: GENERAL | $2,500 |