Properties with Purpose Inc

EIN: 920342302 501(c)(3)

NEW YORK, NY

Total Revenue
$7,579,155
Total Expenses
$8,976,768
Total Assets
$4,175,826
Net Assets
$-1,398,108
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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DE
Principal Officer
DAN DRAWBAUGH
Phone
3104070200
Tax Period
2023-01-01 to 2023-12-31

Properties with Purpose Inc, founded in 2022, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2023. Expenses of $9.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

To support the Coachella Valley, California community; to raise awareness and visibility for philanthropic causes and initiatives in a variety of fields, including, but not limited to, health and wellness, childhood education and physical wellbeing, and environmental stewardship, through the marketing and public relations efforts surrounding golf tournaments and other community wide events hosted by the Organization; to deliver and distribute funds to community organizations and charities operating in fields related to the Organization's mission, and to conduct fundraising endeavors, including by hosting golf tournaments and other community wide events, to increase awareness of and to bring financial support to the Organization's mission.

Program Service Accomplishments

Program 1
Expenses: $7,739,936 Revenue: $2,123,948

To support the Coachella Valley, California community; to raise awareness and visibility for philanthropic causes and initiatives in a variety of fields, including, but not limited to, health and...

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To support the Coachella Valley, California community; to raise awareness and visibility for philanthropic causes and initiatives in a variety of fields, including, but not limited to, health and wellness, childhood education and physical wellbeing, and environmental stewardship, through the marketing and public relations efforts surrounding golf tournaments and other community wide events hosted by the Organization; to deliver and distribute funds to community organizations and charities operating in fields related to the Organization's mission, and to conduct fundraising endeavors, including by hosting golf tournaments and other community wide events, to increase awareness of and to bring financial support to the Organization's mission.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,369,347
Program Service Revenue $2,123,948
Investment Income $85,860
Other Revenue $0
TOTAL REVENUE $7,579,155

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $7,739,936
Other Expenses $8,976,768
TOTAL EXPENSES $8,976,768

Year-over-Year Comparison

2023 2022 Change
Revenue $7,579,155 N/A N/A
Expenses $8,976,768 N/A N/A
Net Income $-1,397,613 $0 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
250

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN DRAWBAUGH PRESIDENT/BOARD CHAIR 1.0
Officer Director
$0 $0 $0
JOHN PAYNE SECRETARY/TREASURER 1.0
Officer Director
$0 $0 $0
JIMBO COVERT DIRECTOR 1.0
Director
$0 $0 $0
DAVID MOORE DIRECTOR 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $7,579,155 $8,976,768 $4,175,826 $-1,397,613
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