Dennis G Punches Charitable Foundation Inc
- Assets
- $2.2m
- Revenue
- $82.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm City, FL
- Founding
- 03/2001
- Data as of
- 12/2023
- EIN
- 39-2014960
Organization Overview
Dennis G Punches Charitable Foundation Inc is located in Palm City, FL. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Dennis G Punches Charitable Foundation Inc 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 12/2023, Dennis G Punches Charitable Foundation Inc generated $82.2k 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 (3.9%) each year. All expenses for the organization totaled $138.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dennis G Punches Charitable Foundation Inc has awarded 32 individual grants totaling $814,000. 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 |
|---|---|---|---|
Beverly Wortman Pres & Treas | 1 | $0 | |
Robert Duersten Director | 1 | $500 | |
Jonathan Rogers Director | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,466 |
| Dividends & Interest | $52,443 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,305 |
| Capital Gain Net Income | $10,305 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $82,214 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,707 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,966 |
| Total operating and administrative expenses | $21,673 |
| Contributions, gifts, grants paid | $116,500 |
| Total expenses and disbursements | $138,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,227,726 |
| 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 | $2,227,726 |
| 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, Dennis G Punches Charitable Foundation Inc has awarded $116,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KETTLE MORAINE LUTHERAN HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $20,000 |
PALM BEACH CO FISHING FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |
TEAM RIVER RUNNER PURPOSE: GENERAL SUPPORT | $10,000 |
WCTC FOUNDATION INC PURPOSE: GENERAL SUPPORT | $34,000 |
TREASURE COAST HOSPICE PURPOSE: GENERAL SUPPORT | $2,500 |