Our Purpose Foundation
- Assets
- $4.7m
- Revenue
- $80.8k
- Investments
- $3.6m
- Employees
- 0
- Location
- Mclean, VA
- Founding
- Data as of
- 12/2022
- EIN
- 87-3786137
Organization Overview
Our Purpose Foundation is located in Mclean, VA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Our Purpose 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, Our Purpose Foundation generated $80.8k in total revenue. All expenses for the organization totaled $294.1k during the year ending 12/2022.
Since 2022, Our Purpose Foundation has awarded 26 individual grants totaling $273,000. 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 |
|---|---|---|---|
Jeffrey Denniston President And Treasurer | 1 | $0 | |
Karen Denniston Vice President And Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,355 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,736 |
| Capital Gain Net Income | $22,736 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,821 |
| 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 | $0 |
| Total operating and administrative expenses | $21,130 |
| Contributions, gifts, grants paid | $273,000 |
| Total expenses and disbursements | $294,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $636,517 |
| Savings and temporary cash investments | $492,656 |
| 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 | $4,694,572 |
| 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, Our Purpose Foundation has awarded $273,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Indiana, PA PURPOSE: GRANT MAKING | $25,000 |
TEENS OPPOSING POVERTY (TOP) PURPOSE: GRANT MAKING | $20,000 |
Plymouth, FL PURPOSE: GRANT MAKING | $20,000 |
Falls Church, VA PURPOSE: GRANT MAKING | $20,000 |
DOORWAYS FOR WOMEN AND FAMILIES PURPOSE: GRANT MAKING | $20,000 |
Louisa, VA PURPOSE: GRANT MAKING | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |