Popular Foundation Inc
- Assets
- $3.9m
- Revenue
- $744.9k
- Investments
- $3.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-4997597
Organization Overview
Popular Foundation Inc is located in New York, NY. The organization was established in 2015. 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. Popular 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, Popular Foundation Inc generated $744.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $439.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (42.4%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Popular Foundation Inc has awarded 53 individual grants totaling $1,566,481. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Carrion Chairman, Director | 1 | $0 | |
Beatriz Polhamus Executive Director, Director | 1 | $0 | |
Eduardo J Negron Treasurer, Director | 1 | $0 | |
Manuel Chinea Director | 1 | $0 | |
Ignacio Alvarez Zatarain Director | 1 | $0 | |
Israel Velasco Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $566,676 |
| Interest on Savings | $0 |
| Dividends & Interest | $77,951 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $100,306 |
| Capital Gain Net Income | $100,306 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $744,933 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,656 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $86,000 |
| Total operating and administrative expenses | $103,424 |
| Contributions, gifts, grants paid | $336,024 |
| Total expenses and disbursements | $439,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,889 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $9,014 |
| 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 | $3,739,526 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,896,429 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $279,207 |
| 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 | $279,207 |
Grants Awarded
Over the last fiscal year, Popular Foundation Inc has awarded $336,024 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
VERIZON PURPOSE: VERIZON GRANT MADE TO POPULAR FOUNDATION AND WAS DONATED TO PR CENTRO DE ARTES Y TECNOLOGOGIA (PRCAT) | $100,000 |
PR OPEN PURPOSE: PR OPEN GRANT MADE TO POPULAR FOUNDATION WAS DONATED TO FUNDACION BANCO POPULAR. | $25,000 |
Miami, FL PURPOSE: TO HELP CLIENTS COMPLETE FISCAL, JOB TRAINING & WORK PLACEMENT IN HOME HEALTHCARE INDUSTRY & TO IDENTIFY/RECRUIT AT-RISK SENIORS TO MATCH AS POTENTIAL CAREGIVERS/CARETAKER PARTNERS. THESE PARTNERSHIPS WILL MAXIMIZE ALL PARTICIPANTS' QUALITY OF LIFE. | $22,000 |
JUNIOR ACHIEVEMENT MIAMI PURPOSE: EMPOWERING YOUTH: THIS PROJECT WILL SUPPORT JUNIOR ACHIEVEMENT'S EFFORT TO PROVIDE FINANCIAL LITERACY, WORKFORCE READINESS, AND ENTREPRENEURSHIP PROGRAMS TO OVER 33,000 K-12 GRADE STUDENTS IN SOUTH FLORIDA. | $20,000 |
New York, NY PURPOSE: FINANCIAL LITERACY PROGRAM FOR K-12 STUDENTS | $15,000 |
New York, NY PURPOSE: NMIC'S WORKER COOPERATIVE DEVELOPMENT PROJECT HELPS RESIDENTS DEVELOP, LAUNCH, SUSTAIN, AND GROW WORKER-OWNED COOPERATIVES BUSINESSES BY PROVIDING TRAININGS AND ONGOING TECHNICAL ASSISTANCE FOR THEIR MEMBERS. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Popular Foundation Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |