Marni & Morris Propp Ii Family Foundation Inc
- Assets
- $13.9m
- Revenue
- $2.6m
- Investments
- $12.3m
- Employees
- 0
- Location
- Jupiter, FL
- Founding
- 06/2003
- Data as of
- 12/2023
- EIN
- 80-0057787
Organization Overview
Marni & Morris Propp Ii Family Foundation Inc is located in Jupiter, FL. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Marni & Morris Propp Ii Family 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 12/2023, Marni & Morris Propp Ii Family Foundation Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $730.5k during the year ending 12/2023. While expenses have increased by 16.5% per year over the past 6 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 2017, Marni & Morris Propp Ii Family Foundation Inc has awarded 1,591 individual grants totaling $3,339,758. 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 |
|---|---|---|---|
Marni Propp President | 0.5 | $0 | |
Morris Propp Treasurer | 6 | $0 | |
Adrienne Propp Director | 0.5 | $0 | |
Harold Reed Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,066,284 |
| Interest on Savings | $0 |
| Dividends & Interest | $547,171 |
| Net Rental Income | -$144 |
| Net Gain on Sale of Assets | $949,126 |
| Capital Gain Net Income | $949,126 |
| Net ST Capital Gain | $298,078 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,795 |
| Total Revenue | $2,569,376 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $32,727 |
| Taxes | $3,756 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,347 |
| Total operating and administrative expenses | $70,244 |
| Contributions, gifts, grants paid | $660,247 |
| Total expenses and disbursements | $730,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,095,091 |
| Savings and temporary cash investments | $206,668 |
| 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 | $374,348 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $342,593 |
| Total assets | $13,895,631 |
| 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 | $1,557,264 |
| Total liabilities | $1,557,264 |
Grants Awarded
Over the last fiscal year, Marni & Morris Propp Ii Family Foundation Inc has awarded $660,200 in support to 136 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOOD BANK OF CITRUS COUNT PURPOSE: FOOD DISTRIBUTION | $5,000 |
COLLEGE OF THE OZARKS PURPOSE: EDUCATION | $2,000 |
COMMUNITY HARVEST FOOD BANK NE INDI PURPOSE: FOOD DISTRIBUTION | $1,000 |
FARM SHARE INC PURPOSE: FOOD DISTRIBUTION | $150,000 |
AMERICAN INDIAN COLLEGE FUND PURPOSE: EDUCATION | $10,000 |
1000 FRIENDS OF FLORIDA PURPOSE: CONSERVATION | $6,000 |