Purpose Built Communities Foundation Inc
- Assets
- $8.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 45-4056587
Organization Overview
Purpose Built Communities Foundation Inc is located in Atlanta, GA. The organization was established in 2013. According to its NTEE Classification (T31) the organization is classified as: Community 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. Purpose Built Communities 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 12/2021, Purpose Built Communities Foundation Inc generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Purpose Built Communities Foundation Inc has awarded 28 individual grants totaling $6,873,011. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTS LOCAL COMMUNITY QUARTERBACK ORGANIZATIONS, THEIR PARTNERS AND COMMUNITY MEMBERS IN DEVELOPING THE STRATEGIES AND PARTNERSHIPS NEEDED TO EFFECTIVELY STRENGTHEN DISTRESSED NEIGHBORHOODS SO THAT THE PEOPLE WHO LIVE THERE EXPERIENCE GREATER RACIAL EQUITY, BETTER HEALTH OUTCOMES AND UPWARD ECONOMIC MOBILITY. PROVIDES A MODEL FOR HOLISTIC NEIGHBORHOOD REVITALIZATION TO BE IMPLEMENTED LOCALLY ALONG WITH FREE CONSULTING AND TECHNICAL ASSISTANCE THROUGH ITS OWN STAFF, CONTRACTORS, AND OTHER PARTNERS TO FURTHER DEEPEN AND MEASURE IMPACT IN SUCH NEIGHBORHOODS. SUPPORTS A NETWORK-WIDE COMMUNITY OF PRACTICE ACCELERATE IMPACT. WORKS TO MEASURE OUTCOMES AND COMMUNICATE RESULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol R Naughton Ceo, President | 40 | $325,707 | |
Michelle Matthews Senior Vice Presiden | 40 | $270,401 | |
Marshall Norwood Immediate Past CFO | 40 | $270,295 | |
Melissa Devereaux Vice President | 40 | $186,381 | |
Catalina Sibilsky VP Of Education Init | 40 | $181,280 | |
Anita Anderson Vice President | 40 | $164,460 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Frameworks Institute | 12/30/21 | $162,750 |
Hl Strategy Inc | 12/30/21 | $137,000 |
Conserte Llc | 12/30/21 | $157,917 |
Coxe Curry & Associates | 12/30/21 | $120,517 |
Race Forward | 12/30/21 | $105,932 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,246,227 |
| Interest on Savings | $1,814 |
| 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 | $3,059 |
| Total Revenue | $4,251,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $690,694 |
| Other employee salaries and wages | $1,761,616 |
| Pension plans, employee benefits | $405,576 |
| Interest | $0 |
| Taxes | $158,578 |
| Depreciation | $41,484 |
| Occupancy | $161,477 |
| Travel, conferences, and meetings | $12,171 |
| Printing and publications | $0 |
| Other expenses | $161,141 |
| Total operating and administrative expenses | $4,970,232 |
| Contributions, gifts, grants paid | $804,491 |
| Total expenses and disbursements | $5,774,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,840 |
| Savings and temporary cash investments | $6,903,030 |
| Net Accounts receivable | $23,000 |
| Net Pledges Receivable | $1,552,500 |
| 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 | $139,772 |
| Other assets | $14,500 |
| Total assets | $8,827,642 |
| Accounts payable and accrued expenses | $228,377 |
| Grants payable | $30,000 |
| Deferred revenue | $55,477 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $313,854 |
Grants Awarded
Over the last fiscal year, Purpose Built Communities Foundation Inc has awarded $804,491 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
FCS MINISTRIES PURPOSE: GENERAL OPERATIONS | $288,167 |
Atlanta, GA PURPOSE: OPERATIONS | $273,167 |
Atlanta, GA PURPOSE: OPERATIONS | $233,666 |
Atlanta, GA PURPOSE: OPERATIONS | $2,730 |
NOEL F KHALIL SCHOLARSHIP FUND PURPOSE: SCHOLARSHIPS | $1,193 |
Houston, TX PURPOSE: OPERATIONS | $1,004 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Purpose Built Communities Foundation Inc has recieved totaling $2,705,200.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $1,000,000 |
Cf Foundation Inc Atlanta, GA PURPOSE: GENERAL SUPPORT | $850,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $412,500 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $412,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $30,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |
Community Foundation Of Greenville Inc Greenville, SC | $110,749,055 | $32,278,412 |
Pinellas Community Foundation Clearwater, FL | $142,858,566 | $23,264,951 |
Spartanburg County Foundation Spartanburg, SC | $213,613,348 | $29,550,562 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Central Carolina Community Foundation Columbia, SC | $200,312,368 | $26,646,536 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
Community Foundation Of Broward Inc Fort Lauderdale, FL | $211,626,969 | $24,953,275 |
High Point Community Foundation High Point, NC | $114,170,503 | $14,778,667 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Indian River Community Foundation Vero Beach, FL | $78,791,488 | $17,472,868 |
Community Foundation For Northeast Georgia Inc Duluth, GA | $80,665,782 | $22,483,820 |