Putrah Foundation Inc
- Assets
- $2.1m
- Revenue
- $89.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Faribault, MN
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 81-3692491
Organization Overview
Putrah Foundation Inc is located in Faribault, MN. The organization was established in 2017. 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. Putrah 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, Putrah Foundation Inc generated $89.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (37.6%) each year. All expenses for the organization totaled $909.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Putrah Foundation Inc has awarded 26 individual grants totaling $6,067,900. 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 |
|---|---|---|---|
Trevor Putrah Director/president | 0.2 | $0 | |
Tyler Putrah Director/treasurer | 1 | $0 | |
Andrew Currie Director | 1 | $0 | |
Matthew Drevlow Director/secretary | 1 | $0 | |
Caren Putrah Director/president | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $84,129 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,099 |
| Capital Gain Net Income | $60,637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $89,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,749 |
| Total operating and administrative expenses | $31,949 |
| Contributions, gifts, grants paid | $877,100 |
| Total expenses and disbursements | $909,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $253,802 |
| 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 | $52,291 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,058,927 |
| 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, Putrah Foundation Inc has awarded $877,100 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
RIVER BEND NATURE CENTER PURPOSE: DONATION | $10,000 |
SHATTUCK- ST MARY'S SCHOOL PURPOSE: EDUCATION | $700,000 |
SHATTUCK- ST MARY'S SCHOOL PURPOSE: EDUCATION | $50,000 |
UNION GOSPEL MISSION PURPOSE: DONATION | $84,600 |
FARIBAULT HOCKEY ASSOCIATION PURPOSE: DONATION | $2,500 |
FARIBAULT BOOSTER CLUB PURPOSE: DONATION | $30,000 |