Louis And Helen Padnos Foundation
- Assets
- $5.0m
- Revenue
- $461.4k
- Investments
- $4.9m
- Employees
- 0
- Location
- Holland, MI
- Founding
- 09/1999
- Data as of
- 05/2024
- EIN
- 38-3476218
Organization Overview
Louis And Helen Padnos Foundation is located in Holland, MI. The organization was established in 1999. 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. Louis And Helen Padnos 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 05/2024, Louis And Helen Padnos Foundation generated $461.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 56.7% each year . All expenses for the organization totaled $284.0k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Louis And Helen Padnos Foundation has awarded 82 individual grants totaling $1,281,511. 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
2024
Describe the Organization's Program Activity:
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey S Padnos President & Trustee | 2 | $0 | |
Douglas B Padnos Trustee | 2 | $0 | |
Daniel P Padnos Trustee | 2 | $0 | |
Mitchell W Padnos Treasurer & Trustee | 2 | $0 | |
Shelley E Padnos Secretary & Trustee | 2 | $0 | |
William R Padnos Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $285,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $95,825 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,217 |
| Capital Gain Net Income | $100,536 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,405 |
| Total Revenue | $461,447 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,698 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,003 |
| Total operating and administrative expenses | $39,478 |
| Contributions, gifts, grants paid | $244,500 |
| Total expenses and disbursements | $283,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $103,038 |
| 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 | $1,290,378 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,002,757 |
| 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, Louis And Helen Padnos Foundation has awarded $244,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION OF GRAND RAPIDS PURPOSE: PROGRAM SERVICE | $114,500 |
PLANNED PARENTHOOD OF MICHIGAN PURPOSE: PROGRAM SERVICE | $20,000 |
GRAND RAPIDS ART MUSEUM PURPOSE: PROGRAM SERVICE | $7,500 |
OUTDOOR DISCOVERY NETWORK PURPOSE: PROGRAM SERVICE | $25,000 |
GRAND RAPIDS SYMPHONY PURPOSE: PROGRAM SERVICE | $2,500 |
GVSU HILLEL PURPOSE: PROGRAM SERVICE | $10,000 |