Poterucha Family Foundation
- Assets
- $2.6m
- Revenue
- $55.7k
- Investments
- $2.0m
- Employees
- 0
- Location
- Rochester, MN
- Founding
- 10/1977
- Data as of
- 12/2022
- EIN
- 37-6170742
Organization Overview
Poterucha Family Foundation is located in Rochester, MN. The organization was established in 1977. 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. Poterucha 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, Poterucha Family Foundation generated $55.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 57.7% each year . All expenses for the organization totaled $178.9k during the year ending 12/2022. While expenses have increased by 24.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Poterucha Family Foundation has awarded 204 individual grants totaling $507,480. 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 SUPPORTS CHARITABLE ORGANIZATIONS AS DEFINED IN CODE SECTION 170(C) AND INDIVIDUALS WHO JUSTIFY NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Poterucha Manager | 0.5 | $0 | |
Thomas Poterucha Manager | 0.5 | $0 | |
Mary K Bonutti Manager | 0.5 | $0 | |
Mary J Poterucha Carter Manager | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $124 |
| Dividends & Interest | $45,453 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,108 |
| Capital Gain Net Income | $10,108 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,671 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,498 |
| Total operating and administrative expenses | $22,949 |
| Contributions, gifts, grants paid | $156,000 |
| Total expenses and disbursements | $178,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,189 |
| Savings and temporary cash investments | $571,466 |
| 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 | $2,554,267 |
| 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, Poterucha Family Foundation has awarded $156,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
CAPUCHIN SOUP KITCHEN PURPOSE: UNRESTRICTED GIFT | $5,000 |
ANNANDALE FOOD SHELF PURPOSE: UNRESTRICTED GIFT | $4,000 |
CHANNEL ONE REGIONAL FOOD BANK PURPOSE: UNRESTRICTED GIFT | $5,000 |
COMMUNITY CHOICE FOUNDATION INC PURPOSE: UNRESTRICTED GIFT | $5,000 |
DOC'S RECOVERY HOUSE PURPOSE: UNRESTRICTED GIFT | $7,300 |
DOMINICAN UNIVERSITY PURPOSE: UNRESTRICTED GIFT | $5,000 |