Proffitt Brothers Foundation Inc
- Assets
- $41.3k
- Revenue
- $271.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 83-1229916
Organization Overview
Proffitt Brothers Foundation Inc is located in Rockville, MD. The organization was established in 2019. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proffitt Brothers 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, Proffitt Brothers Foundation Inc generated $271.4k in total revenue. All expenses for the organization totaled $255.7k during the year ending 12/2021.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN HEROES BENEFIT - TO SUPPORT AMERICA'S VETERANS, SERVICE-MEMBERS AND THEIR FAMILIES AND RAISE MONEY FOR VETERANS CHARITABLE ORGANIZATIONS
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $217,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $54,447 |
| Total Revenue | $271,447 |
| 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 | $143,371 |
| Total operating and administrative expenses | $143,371 |
| Contributions, gifts, grants paid | $112,350 |
| Total expenses and disbursements | $255,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,293 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $41,293 |
| 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, Proffitt Brothers Foundation Inc has awarded $112,350 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Annapolis, MD PURPOSE: FOR SUPPORT OF PROGRAM CONNECTING WOUNDED, DISABLED AND TRANSITIONING VETERANS TO PROMOTE WELL-BEING AND ADDRESS ISSUES SURROUNDING VETERAN SUICIDE. | $42,000 |
Oakdale, PA PURPOSE: TO SUPPORT THE MISSION OF PROVIDING STABLE AND SAFE HOUSING FOR MILITARY MEMBERS AND THEIR FAMILIES, SENIOR CITIZENS AND OTHERS IN NEED | $25,000 |
Falls Church, VA PURPOSE: SUPPORT ORGANIZATION MISSION TO HELP HOMELESS PETS FIND THEIR WAY INTO LOVING HOMES THROUGH RESCUE AND ADOPTION. | $10,000 |
DEREK SHEELY FOUNDATION PURPOSE: TO SUPPORT THE PURPOSE OF INCREASING AWARENESS AND RESEARCH OF CONCUSSIONS AND TRAUMATIC BRAIN INJURIES | $10,000 |
Washington, DC PURPOSE: SUPPORT OF ASSISTANCE WITH EMERGENCY TRAVEL PLANNING SERVICES FOR THE FAMILIES AND LOVED ONES OF WOUNDED, ILL AND INJURED SERVICE MEMBERS, VETERANS AND FALLEN OFFICERS DURING HOSPITAL RECOVERY AND REHABILITATION. | $9,000 |
USAF Academy, CO PURPOSE: TO SUPPORT THE UNITED STATES OF AMERICA, THE UNITED STATES AIR FORCE, THE UNITED STATES AIR FORCE ACADEMY, AND THE GRADUATE COMMUNITY | $9,000 |
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|---|---|---|
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Lifesteps Inc Butler, PA | $25,871,848 | $32,536,752 |
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