Principio Furnace Foundation Inc
Principio Furnace Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PERRYVILLE, MD. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $230K in total assets. In 2024, it awarded 9 grants totaling $37K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$230K
-3.9% YoY
Annual Giving
$37K
+69.3% YoY
Grant Count
9
+12.5% YoY
Avg Grant Size
$4K
+50.5% YoY
Under IRS private-foundation payout rules, Principio Furnace Foundation Inc reported a distributable amount of $450 for 2024 — the minimum it must pay out in qualifying distributions.
About Principio Furnace Foundation Inc
Based on IRS filings
Principio Furnace Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PERRYVILLE, MD. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $230K in total assets. In 2024, it awarded 9 grants totaling $37K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $229,631 | $238,954 | $220,632 |
| Revenue | $123,015 | $190,824 | $152,929 |
| Expenses | $133,667 | $172,644 | $153,714 |
| Qualifying Distributions | $133,667 | $172,644 | $153,714 |
| Net Investment Income | — | — | — |
| Distributable Amount | $450 | $396 | $198 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Youth Empowerment Services ($8,000), Perryville High School ($7,000), Cecil College Foundation ($5,225).
| Recipient | Purpose | Amount |
|---|---|---|
| BOY'S AND GIRL'S CLUB OF CECIL COUNTY ABERDEEN, MD | GENERAL OPERATIONS | $4,704 |
| CECIL COLLEGE FOUNDATION NORTH EAST, MD | YEARLY DONATION | $5,225 |
| CHARLESTOWN ELEMENTARY SCHOOL CHARLESTOWN, MD | GENERAL OPERATIONS | $1,830 |
| FREEDOM HILLS PORT DEPOSIT, MD | THERAPEUTIC RIDING PROGRAM | $1,902 |
| HABITAT FOR HUMANITY SUSQUEHANNA BEL AIR, MD | GENERAL OPERATIONS | $5,000 |
| PERRYVILLE HIGH SCHOOL PERRYVILLE, MD | GENERAL OPERATIONS | $7,000 |
| THE ARC ABERDEEN, MD | GENERAL OPERATIONS | $2,000 |
| YMCA OF CECIL COUNTY ELKTON, MD | GENERAL OPERATIONS | $1,000 |
| YOUTH EMPOWERMENT SERVICES ELKTON, MD | GENERAL OPERATIONS | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARY A STEWART JR | PRESIDENT | 0.25 | — |
| JEREMY LYNCH | TREASURER | 0.25 | — |
| SARAH WARRINGTON COLENDA | SECRETARY | 32 | $38,400 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Principio Furnace Foundation Inc?
Principio Furnace Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PERRYVILLE, MD. It holds $230K in total assets as of 2024.
How large is Principio Furnace Foundation Inc?
As of 2024, Principio Furnace Foundation Inc holds $230K in total assets with $123K in annual revenue. It awarded 9 grants totaling $37K in 2024.
Where does Principio Furnace Foundation Inc operate?
Principio Furnace Foundation Inc has awarded grants in Maryland.
What size grants does Principio Furnace Foundation Inc award?
In 2024, Principio Furnace Foundation Inc awarded 9 grants totaling $37K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Principio Furnace Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Principio Furnace Foundation Inc reported a distributable amount of $450 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Principio Furnace Foundation Inc's EIN?
Principio Furnace Foundation Inc's EIN (Employer Identification Number) is 52-2325524. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Principio Furnace Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.