Pucci Family Foundation
- Assets
- $63.2m
- Revenue
- $420.9k
- Investments
- $22.4m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/1980
- Data as of
- 12/2021
- EIN
- 36-3092220
Organization Overview
Pucci Family Foundation is located in Chicago, IL. The organization was established in 1980. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pucci 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, Pucci Family Foundation generated $420.9k 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 (28.6%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Pucci Family Foundation has awarded 41 individual grants totaling $1,421,810. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY MAINTAINS A REPOSITORY TO PRESERVE AND MAINTAIN WORKS OF ART, ANTIQUITIES, & OTHER SIGNIFICANT COLLECTIBLES. CURRENT YEAR COLLECTION PURCHASES (EXPENSED)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Davis Administrator | 40 | $150,000 | |
Janet Summerfelt Administrator | 40 | $115,000 | |
William Veit Maintenance Engineer | 40 | $94,340 | |
Eliseo Duran Arborist | 40 | $59,624 | |
J R Davis III Director | 5 | $20,000 | |
Dawn Davis President & Director | 30 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $490,398 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$102,338 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $32,875 |
| Total Revenue | $420,935 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $426,608 |
| Pension plans, employee benefits | $78,276 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $845,379 |
| Occupancy | $883,936 |
| Travel, conferences, and meetings | $1,250 |
| Printing and publications | $360 |
| Other expenses | $293,222 |
| Total operating and administrative expenses | $2,828,965 |
| Contributions, gifts, grants paid | $345,500 |
| Total expenses and disbursements | $3,174,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663,966 |
| Savings and temporary cash investments | $2,470,046 |
| Net Accounts receivable | $94,018 |
| 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 | $21,651 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $37,606,511 |
| Other assets | $7,817 |
| Total assets | $63,230,645 |
| Accounts payable and accrued expenses | $217,110 |
| 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 | $27,032 |
| Total liabilities | $244,142 |
Grants Awarded
Over the last fiscal year, Pucci Family Foundation has awarded $345,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Barrington, IL PURPOSE: GENERAL SUPPORT | $200,000 |
FOX RIVER VALLEY HUNT ASSOCIATION PURPOSE: GENERAL SUPPORT | $100,000 |
Kenosha, WI PURPOSE: GENERAL SUPPORT | $45,000 |
East Troy, WI PURPOSE: GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Beta Phi Fraternity Housing Corporation Town Country, MO | $77,087,429 | $19,221,332 |
Olympia Fields Country Club Olympia Fields, IL | $30,077,528 | $14,988,630 |
Academy Of Model Aeronautics Ama Muncie, IN | $14,826,959 | $9,207,922 |
Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
Westborough Country Club St Louis, MO | $12,574,803 | $8,255,604 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
River Forest Country Club Elmhurst, IL | $11,952,693 | $7,876,925 |