Purple Tie Foundation Inc
- Assets
- $3.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Reisterstown, MD
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-5053295
Organization Overview
Purple Tie Foundation Inc is located in Reisterstown, MD. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Purple Tie 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 12/2022, Purple Tie Foundation Inc generated $19.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (54.6%) each year. All expenses for the organization totaled $22.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (51.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE PURPLE TIE FOUNDATION WORKS TO SUPPORT COMMUNITY INITIATIVES THROUGH STRATEGIC PARTNERSHIPS WITH LOCAL LEADERS IN AND AROUND BALTIMORE COUNTY WITH A SPECIAL FOCUS ON CAREER AND WORKFORCE DEVELOPMENT, NUTRITIONAL WELLNESS, AND MENTAL HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael T Bojanowski President | 2 | $0 | |
Aimee Mason Vice President | 2 | $0 | |
Alejandra Ivanovick Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,319 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $19,319 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,961 |
| Total expenses | $22,097 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,338 |
| Other assets | $0 |
| Total assets | $3,338 |
| Total liabilities | $0 |
| Net assets or fund balances | $3,338 |