Papp Family Foundation
- Assets
- $4.3m
- Revenue
- $77.6k
- Investments
- $3.7m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 12/2016
- Data as of
- 12/2022
- EIN
- 81-3179430
Organization Overview
Papp Family Foundation is located in Phoenix, AZ. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public 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. Papp 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, Papp Family Foundation generated $77.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $178.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Papp Family Foundation has awarded 96 individual grants totaling $1,259,960. 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 |
|---|---|---|---|
Rosellen Carll Papp President | 0.2 | $0 | |
Julie Hein Secretary | 0.3 | $0 | |
Jennifer M Papp Vice-Pres | 0.1 | $0 | |
Stephanie J Papp Vice-Pres | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $308 |
| Dividends & Interest | $114,269 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$36,947 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,630 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,451 |
| Total operating and administrative expenses | $35,800 |
| Contributions, gifts, grants paid | $143,000 |
| Total expenses and disbursements | $178,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $612,958 |
| 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 | $397,086 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,309,052 |
| 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, Papp Family Foundation has awarded $143,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN OF THE NATION PURPOSE: DOMINICAN REPUBLIC CLINIC OPER FUND | $60,000 |
WOUNDED WARRIORS PURPOSE: GENERAL PURPOSES | $1,000 |
CHALLENGED ATHLETES SOCIETY PURPOSE: GENERAL PURPOSES | $1,000 |
BEST FRIENDS ANIMAL SOCIETY PURPOSE: GENERAL PURPOSES | $500 |
CHILDREN OF THE NATION PURPOSE: GENERAL PURPOSES | $50,000 |
NORTHWESTERN UNIVERSITY PURPOSE: GENERAL PURPOSES | $2,000 |