Pulte Family Charitable Foundation

Nonprofit profile at a glance

EIN
382923581
IRS 990-PF coverage
2010–2024
Forms available
Form 990-PF 2024, Form 990-T 2024
Location
Boca Raton, FL, USA
Phone
5615440955
Rating
53
Verdict
MIXED
Rating confidence
Standard

Reported finances

Revenue
$40,414,497
Expenses
$7,578,717

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Pulte Family Charitable Foundation is a nonprofit. Location: Boca Raton, FL. EIN 382923581. Tax year 2024 Form 990-PF reports $40.4M revenue and $7.6M expenses.

What it reported funding in 2024

The foundation reported 38 grants totaling $615,225. The stated grant purposes included to support the school's annual fund., to support scholarship funds., and to support efforts to combat human trafficking., plus 34 other reported purposes.

Operating model

Revenue model
Investment-supported. 90% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Direct operator. The foundation carried out 81% of its reported charitable disbursements directly.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

MIXED - The filing identifies who received its grants and the filed numbers largely add up. A relatively small share of available resources goes to charitable grants and a relatively small share of spending goes to grants.

Rating breakdown

  • Grant Deployment: 10
  • Cost Efficiency: 8
  • Transparency: 100
  • Compliance: 94
  • Endowment Health: 97

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 10.1%; rating input score 10; 2nd percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 8.1%; rating input score 8; 8th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 17 of 19 controls in place; rating input score 89
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Fail
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 882.26; rating input score 97; 97th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 10.1% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 97th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 53 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Grant Deployment: Grant deployment ratio scored 10/100.
  • High — Cost Efficiency: Grant expense ratio scored 8/100.
  • Review — Compliance: Part VII-B activity disclosures: 2 of 19 not reported.