Purtan Family Foundation
- Assets
- $641.8k
- Revenue
- $16.0k
- Investments
- $626.2k
- Employees
- 0
- Location
- Plymouth, MI
- Founding
- 04/2000
- Data as of
- 12/2021
- EIN
- 38-3498771
Organization Overview
Purtan Family Foundation is located in Plymouth, MI. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public 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. Purtan 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, Purtan Family Foundation generated $16.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $90.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Purtan Family Foundation has awarded 40 individual grants totaling $777,350. 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 |
|---|---|---|---|
Paul R Purtan President | 0 | $0 | |
Jacqueline Purtan Director | 0 | $0 | |
Jennifer L Purtan-Goldstein Director | 0 | $0 | |
Jill Purtan Stone Director | 0 | $0 | |
Joanne Purtan Gudeman Director | 0 | $0 | |
Jessica Purtan Harrell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $14,372 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,660 |
| Capital Gain Net Income | $1,660 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,035 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,823 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,762 |
| Total operating and administrative expenses | $10,576 |
| Contributions, gifts, grants paid | $79,650 |
| Total expenses and disbursements | $90,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,163 |
| 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 | $471 |
| Total assets | $641,806 |
| 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, Purtan Family Foundation has awarded $79,650 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Southfield, MI PURPOSE: TO SUPPORT THE COMMUNITY | $35,000 |
CHILDREN'S FOUNDATION OF MI PURPOSE: TO SUPPORT THE COMMUNITY | $30,000 |
Plymouth, MI PURPOSE: TO SUPPORT THE COMMUNITY | $6,000 |
Rochester Hills, MI PURPOSE: TO SUPPORT THE COMMUNITY | $5,250 |
CAPITAL DISTRICT YOUTH FOR CHRIST PURPOSE: TO SUPPORT THE COMMUNITY | $3,000 |
Boone, NC PURPOSE: TO SUPPOPRT THE COMMUNITY | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Licking County Foundation Newark, OH | $148,770,755 | $12,459,784 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Detroit Childrens Fund Detroit, MI | $4,764,612 | $6,678,705 |
Foundations Of East Chicago Inc East Chicago, IN | $37,687,185 | $5,519,397 |
Sisters Of Charity Foundation Of South Carolina Cleveland, OH | $112,898,417 | $3,663,141 |
Kiwanis International Foundation Inc Indianapolis, IN | $18,583,899 | $3,595,306 |