Powell Foundation

Organization Overview

Powell Foundation is located in Johnson City, TN. The organization was established in 2000. 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. Powell 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, Powell Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $826.8k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 8 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.

Since 2015, Powell Foundation has awarded 282 individual grants totaling $8,342,150. 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)Compensation
Sandra G Powell
Vice Preside
$0
James J Powell Jr
President
$0
Michael W Powell
Assistant Se
$0
Cathy Essin
Secretary
$55,000

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,619,000
Interest on Savings $10,802
Dividends & Interest $349,756
Net Rental Income$0
Net Gain on Sale of Assets $839,787
Capital Gain Net Income $839,787
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $825
Total Revenue $2,820,170

Grants Awarded

Over the last fiscal year, Powell Foundation has awarded $677,500 in support to 36 organizations.

Grant RecipientAmount

ETSU FOUNDATION

PURPOSE: BLUEGRASS SCHOLARSHIP FUND

$20,000

ETSU FOUNDATION

PURPOSE: POWELL CHORAL MUSIC SCHOLARSHIP FUND

$20,000

ETSU FOUNDATION

PURPOSE: STEINWAY SCHOLARSHIP FUND

$25,000

ETSU FOUNDATION

PURPOSE: INSTRUMENTAL SCHOLARSHIP FUND

$12,500

ETSU FOUNDATION

PURPOSE: JENRETTE ENDOWMENT INTEREST

$20,000

TENNESSEE SPORTS HALL OF FAME

PURPOSE: JEFF BYRD MEMORIAL SCHOLARSHIP FUND

$5,000
View Grant Profile

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