Purple & Gray Foundation Inc

Organization Overview

Purple & Gray Foundation Inc is located in Burlington, IA. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Purple & Gray 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, Purple & Gray Foundation Inc generated $87.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.5%) each year. All expenses for the organization totaled $25.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (45.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPLE AND GRAY FOUNDATION MISSION IS TO ASSIST THE BURLINGTON COMMUNITY SCHOOL DISTRICT IN DEVELOPING ATHLETIC PROGRAMS AND FACILITIES AT THE SCHOOL DISTRICT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO UPDATE AND IMPROVE THE BURLINGTON SCHOOL DISTRICT ATHLETIC FIELD AND THE CONSTRUCTION OF NEW LOCKER ROOMS, AS WELL AS PROVIDE SUPPORT TO THE BURLINGTON ATHLETIC BOOSTER CLUB.


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Board, Officers & Key Employees

Name (title)Compensation
Jerry Courtney
President
$0
Jon Hart
Secretary
$0
Kevin Mueller
Treasurer
$0
Scott Zaiser
Vice Preside
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$87,942
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$87,942
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $87,942

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Purple & Gray Foundation Inc has recieved totaling $50,000.

Awarding OrganizationAmount
Harry And Virginia Murray Foundation

Milwaukee, WI

PURPOSE: GENERAL OPERATING

$50,000
View Grant Recipient Profile

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