Purtan Family Foundation
- Assets
- $571.7k
- Revenue
- $11.8k
- Investments
- $570.8k
- Employees
- 0
- Location
- Plymouth, MI
- Founding
- 04/2000
- Data as of
- 12/2022
- 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 12/2022, Purtan Family Foundation generated $11.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $85.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Purtan Family Foundation has awarded 46 individual grants totaling $857,600. 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 | |
Jennifer L Purtan-Goldstein Director | 0 | $0 | |
Jacqueline Purtan 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 | $36 |
| Dividends & Interest | $19,025 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,311 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $14 |
| Taxes | $29 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,072 |
| Total operating and administrative expenses | $5,195 |
| Contributions, gifts, grants paid | $80,250 |
| Total expenses and disbursements | $85,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $933 |
| Total assets | $571,703 |
| 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 | $3,532 |
| Total liabilities | $3,532 |
Grants Awarded
Over the last fiscal year, Purtan Family Foundation has awarded $80,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S FOUNDATION OF MI PURPOSE: TO SUPPORT THE COMMUNITY | $30,000 |
THE SALVATION ARMY PURPOSE: TO SUPPORT THE COMMUNITY | $36,000 |
CAPITAL DISTRICT YOUTH FOR CHRIST PURPOSE: TO SUPPORT THE COMMUNITY | $3,000 |
NORTHRIDGE CHURCH PURPOSE: TO SUPPORT THE COMMUNITY | $6,000 |
NEW DAY FOUNDATION FOR FAMILIES PURPOSE: TO SUPPORT THE COMMUNITY | $5,000 |
PARALYZED VETERANS OF AMERICA PURPOSE: TO SUPPORT THE COMMUNITY | $250 |