Lucien B & Katherine E Price Foundation Inc
- Assets
- $4.3m
- Revenue
- $313.6k
- Investments
- $4.2m
- Employees
- 0
- Location
- Manchester, CT
- Founding
- 02/1940
- Data as of
- 12/2023
- EIN
- 06-6068868
Organization Overview
Lucien B & Katherine E Price Foundation Inc is located in Manchester, CT. The organization was established in 1940. 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. Lucien B & Katherine E Price Foundation Inc 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 12/2023, Lucien B & Katherine E Price Foundation Inc generated $313.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $327.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lucien B & Katherine E Price Foundation Inc has awarded 194 individual grants totaling $2,860,925. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES GRANTS TO HELP FUND MAINLY CATHOLIC INSTITUTIONS. HOWEVER, IT MAINTAINS NO SIGNIFICANT INVOLVEMENT IN THE ORGANIZATIONS IT FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward P Flanagan Secretary | 0.1 | $0 | |
Timothy Devanney Vice Preside | 0.1 | $0 | |
Mary Devanney Vice Preside | 0.1 | $0 | |
Sheila Flanagan Treasurer | 0.1 | $0 | |
Colin Birchumshaw Vice Preside | 0.1 | $0 | |
Jt Fitzgerald President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $138,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $175,328 |
| Capital Gain Net Income | $175,328 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $313,569 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $10,812 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,823 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,671 |
| Total operating and administrative expenses | $77,041 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $327,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,020 |
| Savings and temporary cash investments | $122,146 |
| 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 | $13,829 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,323,136 |
| 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, Lucien B & Katherine E Price Foundation Inc has awarded $250,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
DIOCESE OF SALT LAKE CITY PURPOSE: GENERAL | $128,000 |
CAMP COURANT PURPOSE: GENERAL | $1,500 |
JUBILEE HOUSE PURPOSE: GENERAL | $9,000 |
MALTA HOUSE OF CARE PURPOSE: GENERAL | $9,000 |
MALTA PANTRY PURPOSE: GENERAL | $10,000 |
MEDICAL AID TO HAITI PURPOSE: GENERAL | $500 |