Professional Mortgage Corporation Charitable Foundation
- Assets
- $9.1k
- Revenue
- $17.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OR
- Founding
- 08/2003
- Data as of
- 12/2021
- EIN
- 41-2083662
Organization Overview
Professional Mortgage Corporation Charitable Foundation is located in Salem, OR. The organization was established in 2003. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Mortgage Corporation Charitable 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, Professional Mortgage Corporation Charitable Foundation generated $17.3k in total revenue. All expenses for the organization totaled $13.4k during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING ASSISTANCE TO LOCAL ORGANIZATIONS THAT WORK WITH YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Hafner Director | 1 | $0 | |
David Hafner President | 1 | $0 | |
Anne Deschweinitz Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,300 |
| Interest on Savings | $2 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,302 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65 |
| Total operating and administrative expenses | $440 |
| Contributions, gifts, grants paid | $13,000 |
| Total expenses and disbursements | $13,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,119 |
| 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 | $9,119 |
| 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, Professional Mortgage Corporation Charitable Foundation has awarded $9,160 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC COMMUNITY SERVICES PURPOSE: PROVIDE COUNSELING | $5,160 |
Salem, OR PURPOSE: EDUCATION PROJECTS IN SOUTHERN MEXICO | $2,500 |
Salem, OR PURPOSE: ENCOURAGE STRONG FAMILIES | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leadersup Los Angeles, CA | $3,966,965 | $4,495,789 |
B Nai Brith Mens Camp Association Portland, OR | $16,948,844 | $7,971,848 |
John Burton Advocates For Youth San Francisco, CA | $11,335,002 | $5,016,431 |
Sharks Foundation San Jose, CA | $508,240 | $911,167 |
Hrj Charities Inc Palo Alto, CA | $1,404,650 | $1,642,568 |
Genesis Motor America Foundation Fountain Valley, CA | $4,479,262 | $1,632,925 |
Anacortes Schools Foundation Anacortes, WA | $5,439,664 | $1,347,549 |
City Of Dreams San Francisco, CA | $521,144 | $800,906 |
Seven Point Inc Yucaipa, CA | $541,891 | $831,024 |
Elmer E Rasmuson Endowment For The Boy Scouts Of America In Alaska Las Vegas, NV | $8,315,591 | $606,636 |
Star Rock Ministries San Clemente, CA | $832,914 | $670,288 |
San Bernardino County Safety Employees Benefit Assoc Charity San Bernardino, CA | $466,834 | $687,902 |