P M Allen Family Foundation
- Assets
- $114.6m
- Revenue
- $16.1m
- Investments
- $112.5m
- Employees
- 0
- Location
- Hanover, NH
- Founding
- 08/2013
- Data as of
- 12/2022
- EIN
- 46-2692811
Organization Overview
P M Allen Family Foundation is located in Hanover, NH. 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. P M Allen Family 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 12/2022, P M Allen Family Foundation generated $16.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $12.2m during the year ending 12/2022. While expenses have increased by 4.4% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank M Lesher Board Chair | 1 | $20,000 | |
Brian M Feldman Director | 1 | $0 | |
Jennifer Murtie Director/investment Committee Advisor | 1.5 | $13,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,683,922 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,371,751 |
| Capital Gain Net Income | $14,376,957 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,055,673 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,475 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $345,491 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $59,449 |
| Total operating and administrative expenses | $540,176 |
| Contributions, gifts, grants paid | $11,700,000 |
| Total expenses and disbursements | $12,240,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $951,269 |
| Savings and temporary cash investments | $1,148,579 |
| 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 | $112,517,742 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $114,617,590 |
| 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, P M Allen Family Foundation has awarded $11,700,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE PURPOSE: GENERAL OPERATIONS | $7,200,000 |
THE BOSTON FOUNDATION PURPOSE: GENERAL OPERATIONS | $4,500,000 |