Price Foundation Inc
- Assets
- $16.8m
- Revenue
- $4.8m
- Investments
- $16.5m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 20-3012911
Organization Overview
Price Foundation Inc is located in Louisville, KY. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. 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 12/2021, Price Foundation Inc generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 53.1% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 34.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Price Foundation Inc has awarded 108 individual grants totaling $7,563,495. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PRINCIPAL ACTIVITY WILL BE THE MAKING OF GIFTS AND GRANTS TO ORGANIZATIONS WHICH ARE EXEMPT FROM TAX UNDER IRC SECTION 501 (C)(3) AND ARE PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Price Vice-President | 0 | $0 | |
Charles E Price President | 0 | $0 | |
Sarah Price Secretary | 0 | $0 | |
Sarah Atwood Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $85 |
| Dividends & Interest | $328,463 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,500,629 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,500 |
| Total Revenue | $4,831,677 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $69 |
| Taxes | $3,686 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,540 |
| Total operating and administrative expenses | $70,821 |
| Contributions, gifts, grants paid | $2,243,965 |
| Total expenses and disbursements | $2,314,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $334,846 |
| 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 | $1,983 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,489,168 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,825,997 |
| Accounts payable and accrued expenses | $60,000 |
| 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 | $9,083 |
| Total liabilities | $69,083 |
Grants Awarded
Over the last fiscal year, Price Foundation Inc has awarded $2,243,965 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
Manitou Springs, CO PURPOSE: WORSHIP SUPPORT | $513,265 |
ASBURY UNIVERSITY PURPOSE: MISSION | $387,000 |
D1 DISCIPLESHIP PURPOSE: MISSION | $250,000 |
CARE FOR PASTORS PURPOSE: MISSION | $250,000 |
Kansas City, MO PURPOSE: MISSION | $210,000 |
Louisville, KY PURPOSE: MISSION | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
The Walsh Foundation Chicago, IL | $179,756,510 | $18,008,076 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Huntington Foundation Columbus, OH | $456,967 | $10,970,786 |