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Principio Furnace Foundation Inc. is a private corporation based in PERRYVILLE, MD. The foundation received its IRS ruling in 2001. The principal officer is Michael O Vaughan. It holds total assets of $269K. Annual income is reported at $173K. The foundation is governed by 3 officers and trustees. The principio mansion is a historical landmark maintained and preserved to provide the community a place to hold fundraising events and meetings at no charge. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2024. Grantmaking is concentrated in Maryland. According to available records, Principio Furnace Foundation Inc. has made 34 grants totaling $89K, with a median grant of $1K. Annual giving has grown from $13K in 2021 to $43K in 2023. Individual grants have ranged from $100 to $9K, with an average award of $3K. The foundation has supported 11 unique organizations. Grant recipients are concentrated in Maryland. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$1K
Average Grant
$1K
Largest Grant
$4K
Based on 9 grants from the most recent 990-PF filing.
The principio mansion is a historical landmark maintained/preserved to provide the community a place to hold fundraising events and meetings at no charge.
Expenses: $92K
The principio mansion is a historical landmark maintained and preserved to provide the community a place to hold fundraising events and meetings at no charge. Based on available records, the foundation has funded 34 grants. Its grantmaking reaches organizations primarily in MD.
Principio Furnace Foundation Inc. has distributed a total of $89K across 34 grants. The median grant size is $1K, with an average of $3K. Individual grants have ranged from $100 to $9K.
Principio Furnace Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Principio Furnace Foundation Inc. is headquartered in PERRYVILLE, MD.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sarah Warrington Colenda | SECRETARY | $38K | $0 | $38K |
| Jeremy Lynch | TREASURER | $0 | $0 | N/A |
| Gary A Stewart Jr | PRESIDENT | $0 | $0 | N/A |
Total Giving
$134K
Total Assets
$230K
Fair Market Value
$230K
Net Worth
$228K
Grants Paid
$37K
Contributions
$123K
Net Investment Income
N/A
Distribution Amount
$450
Total Grants
34
Total Giving
$89K
Average Grant
$3K
Median Grant
$1K
Unique Recipients
11
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Youth Empowerment ServicesGENERAL OPERATIONS | Elkton, MD | $8K | 2023 |
| Habitat For Humanity SusquehannaGENERAL OPERATIONS | Bel Air, MD | $5K | 2023 |
| Cecil County Christmas ParadeGENERAL OPERATIONS | North East, MD | $3K | 2023 |
| The ArcGENERAL OPERATIONS | Aberdeen, MD | $2K | 2023 |
| Cecil College FoundationYEARLY DONATION | North East, MD | $1K | 2023 |
| Freedom HillsTHERAPEUTIC RIDING PROGRAM | Port Deposit, MD | $1K | 2023 |
| Ymca Of Cecil CountyGENERAL OPERATIONS | Elkton, MD | $1K | 2023 |
| Perryville High SchoolGENERAL OPERATIONS | Perryville, MD | $1K | 2023 |
| Boy'S And Girl'S Club Of Cecil CountyGENERAL OPERATIONS | Aberdeen, MD | $7K | 2022 |
| Charlestown Elementary SchoolGENERAL OPERATIONS | Charleston, MD | $2K | 2022 |
| Chesapeake Heritage ConservancyGENERAL OPERATIONS | Havre De Grace, MD | $2K | 2021 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD