Ppl Foundation
- Assets
- $54.1m
- Revenue
- $3.0m
- Investments
- $48.2m
- Employees
- 0
- Location
- Allentown, PA
- Founding
- 08/2013
- Data as of
- 12/2023
- EIN
- 46-1605118
Organization Overview
Ppl Foundation is located in Allentown, PA. The organization was established in 2013. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ppl 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 12/2023, Ppl Foundation generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ppl Foundation has awarded 2,252 individual grants totaling $26,972,334. 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 |
|---|---|---|---|
Lissette O Santana President | 1.92 | $0 | |
Tadd J Henninger Vice President/treasurer | 0.19 | $0 | |
Ryan W Hill Vice President | 0.38 | $0 | |
Christine Martin Vice President | 0.06 | $0 | |
David J Bonenbeger Vice President | 0.06 | $0 | |
Vanessa D Hartline Assistant Treasurer | 0.19 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $362,240 |
| Dividends & Interest | $1,276,389 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,373,648 |
| Capital Gain Net Income | $1,373,648 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,012,277 |
| 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 | $568 |
| Total operating and administrative expenses | $198,831 |
| Contributions, gifts, grants paid | $5,073,161 |
| Total expenses and disbursements | $5,271,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,440 |
| Savings and temporary cash investments | $5,865,630 |
| 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 | $48,174,741 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $54,065,811 |
| 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, Ppl Foundation has awarded $5,073,161 in support to 288 organizations.
| Grant Recipient | Amount |
|---|---|
ALLENTOWN ART MUSEUM PURPOSE: PROGRAM SUPPORT | $1,000 |
ALLENTOWN SCHOOL DISTRICT FOUNDATION PURPOSE: PROGRAM SUPPORT | $2,500 |
ALLENTOWN SYMPHONY ASSOCIATION INC PURPOSE: PROGRAM SUPPORT | $1,600 |
ALUMNAE ASSOCIATION OF CEDAR CREST COLLEGE PURPOSE: PROGRAM SUPPORT | $300 |
ALLIANCE OF RHODE ISLAND SOUTHEAST ASIAN PURPOSE: PROGRAM SUPPORT | $50 |
ALZHEIMERS DISEASE AND RELATED DISORDERS PURPOSE: PROGRAM SUPPORT | $100 |