Purpose Built Communities Foundation Inc
- Assets
- $16.3m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 11/2013
- Data as of
- 12/2023
- 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 12/2023, Purpose Built Communities Foundation Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $10.7m during the year ending 12/2023. While expenses have increased by 8.5% 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.
Since 2017, Purpose Built Communities Foundation Inc has awarded 72 individual grants totaling $11,145,725. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURPOSE BUILT COMMUNITIES FOUNDATION, INC. ("PURPOSE BUILT") WORKS WITH LOCAL LEADERS ACROSS THE COUNTRY TO STRENGTHEN NEIGHBORHOODS SO THAT RESIDENTS EXPERIENCE UPWARD ECONOMIC MOBILITY, IMPROVED HEALTH OUTCOMES, AND GREATER RACIAL EQUITY. BY IMPLEMENTING ITS MODEL OF HOLISTIC NEIGHBORHOOD REVITALIZATION, PURPOSE BUILT IS PUTTING MORE PEOPLE ON A PATHWAY TO PROSPEROUS AND CHOICE-FILLED LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol R Naughton Ceo, President | 40 | $311,840 | |
Ellen Newton CFO | 40 | $205,449 | |
Linda Roberts Secretary | 40 | $118,523 | |
Alexander T Robertson Board Member | 2 | $0 | |
David Daniels Board Member | 2 | $0 | |
Doug Jutte Board Member | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bridgespan Group The | 12/30/23 | $521,000 |
Cliftonlarsonallen Llp | 12/30/23 | $130,743 |
Frameworks Institute | 12/30/23 | $162,750 |
Holland & Knight Llp | 12/30/23 | $120,000 |
Focused Community Strategies | 12/30/23 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,235,599 |
| Interest on Savings | $551,169 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,266 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,772,502 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $635,812 |
| Other employee salaries and wages | $2,997,116 |
| Pension plans, employee benefits | $515,916 |
| Interest | $0 |
| Taxes | $249,221 |
| Depreciation | $48,106 |
| Occupancy | $216,665 |
| Travel, conferences, and meetings | $453,485 |
| Printing and publications | $0 |
| Other expenses | $428,791 |
| Total operating and administrative expenses | $7,927,641 |
| Contributions, gifts, grants paid | $2,752,312 |
| Total expenses and disbursements | $10,679,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,077 |
| Savings and temporary cash investments | $10,123,672 |
| Net Accounts receivable | $3,730 |
| Net Pledges Receivable | $5,679,738 |
| 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 | $102,538 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $92,149 |
| Other assets | $45,341 |
| Total assets | $16,345,245 |
| Accounts payable and accrued expenses | $407,820 |
| Grants payable | $0 |
| Deferred revenue | $172,740 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $32,491 |
| Total liabilities | $613,051 |
Grants Awarded
Over the last fiscal year, Purpose Built Communities Foundation Inc has awarded $2,752,312 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
WOODLAWN UNITED PURPOSE: OPERATIONS | $308,828 |
CONNECT COMMUNITY INC PURPOSE: OPERATIONS | $379,133 |
GROVE PARK FOUNDATION PURPOSE: OPERATIONS | $288,433 |
FOCUSED COMMUNITY STRATEGIES MINISTRIES PURPOSE: GENERAL OPERATIONS | $181,000 |
EAST LAKE FOUNDATION PURPOSE: OPERATIONS | $286,500 |
RESULTS FOR AMERICA PURPOSE: OPERATIONS | $123,000 |