Philanthropiece Foundation Inc
- Assets
- $15.0m
- Revenue
- $1.4m
- Investments
- $14.7m
- Employees
- 0
- Location
- Longmont, CO
- Founding
- 11/1998
- Data as of
- 12/2023
- EIN
- 84-1440983
Organization Overview
Philanthropiece Foundation Inc is located in Longmont, CO. The organization was established in 1998. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philanthropiece 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, Philanthropiece Foundation Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 9.5% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
JUSTICE & EQUITY INITIATIVES IN BOULDER COUNTY, COLORADO COLLABORATING WITH NON-PROFIT AND GRASSROOTS ORGANIZATIONS TO ADDRESS THEMES OF CLIMATE JUSTICE, ECONOMIC JUSTICE, RACIAL JUSTICE. OUR RESOURCES, INCLUDING STAFF SUPPORT/EXPERIENCE AND FUNDS, DIRECTLY OR INDIRECTLY BENEFITED MORE THAN 2,000 COMMUNITY MEMBERS VIA ADVOCACY AND ORGANIZING, COALITION BUILDING, DIRECT SERVICES, EDUCATIONAL FORUMS, CONFERENCES, AND CAPACITY BUILDING MODULES INCLUDES FISCAL SPONSORSHIPS FOR PROJECT, PROGRAM AND MOVEMENT DEVELOPMENT AND INNOVATION. INCLUDES: 178 PEOPLE DIRECTLY IMPACTED BY FINANCIAL HEALTH COURSE, WORKING WITH 5 COMMUNITY PARTNERS TO DELIVER; FISCAL SPONSORSHIP AND PARTNERSHIP WITH THE CLIMATE JUSTICE COLLABORATIVE OF BOULDER COUNTY DIRECTLY IMPACTING 126 PEOPLE; AND 79 PEOPLE DIRECTLY IMPACTED BY COMMUNITY ENGAGEMENT INITIATIVES.
BAJA MEXICO INITIATIVES PHILANTHROPIECE ASOCIACION CIVIL, B.C.S. MEXICO PROVIDES TRAINING TO FORM COMMUNITY SAVINGS GROUPS WITH INTEGRATED LEADERSHIP AND FINANCIAL EDUCATION PROGRAMMING ON TOPICS SUCH AS PERSONAL BUDGETING, FINANCIAL GOALS AND DECISION MAKING, CREDIT BASICS, SOCIAL ENTREPRENEURSHIP, AND BUILDING COMMUNITY RESILIENCE. DIRECTLY SERVING 948 PEOPLE IN 44 COMMUNITIES IN 11 MEXICAN STATES; OVER 4,750 INDIRECT BENEFICIARIES. PROGRAMS FOCUS ON GENDER EQUITY AND WORKING WITH COMMUNITY MEMBERS INDICATED AS HIGH RISK (BASED ON EDUCATION, BASIC NEEDS, HEALTH, AND HOUSING FACTORS).
GUATEMALA INITIATIVES FILANTROPIS ONG, CHAJUL GUATEMALA PROVIDES UNIVERSITY SCHOLARSHIPS, A UNIVERSITY CREDIT PROGRAM, COMMUNITY TRAININGS FOCUSED ON PERSONAL AND PROFESSIONAL DEVELOPMENT AND SOCIAL ENTREPRENEURSHIP PRINCIPLES, AND ACCESS TO INTERNET SERVICES. INCLUDES WORKSHOPS, MENTORING, EDUCATIONAL TOURS, AND ATTENDANCE AT LOCAL AND NATIONAL CONFERENCES AND EVENTS. DIRECTLY SERVING 62 STUDENTS AND UNIVERSITY GRADUATES, 157 LOCAL YOUTH AND ENTREPRENEURS, AND 174 HOUSEHOLDS IN 2023. ADDITIONALLY IMPACTING MORE THAN 1,500 MEMBERS OF INDEGENOUS MAYAN COMMUNITY VIA SOCIAL ACTION PROJECTS AND LOCAL BUSINESS SERVICES AND PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth C Cook President | 25 | $0 | |
Joan M Knudson VP | 25 | $24,054 | |
Cathy M Cook Secretary | 5 | $0 | |
Kathleen Doyle Myers Ed | 35 | $114,700 | |
John P Matlak Program Dir | 40 | $84,105 | |
Jordan Bailey Pgm Mgr | 40 | $61,795 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $353,942 |
| Interest on Savings | $0 |
| Dividends & Interest | $259,455 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $767,306 |
| Capital Gain Net Income | $767,306 |
| Net ST Capital Gain | $16,441 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,330 |
| Total Revenue | $1,385,033 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,054 |
| Other employee salaries and wages | $260,600 |
| Pension plans, employee benefits | $56,666 |
| Interest | $0 |
| Taxes | $11,932 |
| Depreciation | $0 |
| Occupancy | $6,186 |
| Travel, conferences, and meetings | $23,572 |
| Printing and publications | $0 |
| Other expenses | $973,212 |
| Total operating and administrative expenses | $1,465,408 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,465,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,777 |
| Savings and temporary cash investments | $184,102 |
| 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 | $1,112,068 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,992,002 |
| 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, Philanthropiece Foundation Inc has awarded $12,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
POSNER CENTER FOR INTL DEVELOPMENT PURPOSE: SUPPORT SOLUTIONS TO GLOBAL POVERTY | $1,000 |
NEW VENTURE CHALLENGE PURPOSE: INSPIRE RESPONSIBLE ENTREPRENEURSHIP | $1,500 |
QUEER ENDEAVOR FUND PURPOSE: SUPPORT FOR RESOURCES FOR LGBT YOUTH | $5,000 |
PHILIP J WEISER PUBLIC SERVICE PURPOSE: PROVIDE STUDENT FELLOWSHIP SUPPORT | $5,000 |