Prior Family Foundation
- Assets
- $10.4m
- Revenue
- $1.0m
- Investments
- $10.1m
- Employees
- 0
- Location
- St Thomas, VI
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 20-6975076
Organization Overview
Prior Family Foundation is located in St Thomas, VI. The organization was established in 2008. 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. Prior Family Foundation 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, Prior Family Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $424.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Prior Family Foundation has awarded 879 individual grants totaling $10,745,471. 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
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $325,855 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $719,532 |
| Capital Gain Net Income | $719,532 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,045,387 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $66,003 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $70,503 |
| Contributions, gifts, grants paid | $353,650 |
| Total expenses and disbursements | $424,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,536 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,395,201 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $4,682,430 |
| Mortgages and other notes payable | $993,444 |
| Other liabilities | $0 |
| Total liabilities | $5,675,874 |
Grants Awarded
Over the last fiscal year, Prior Family Foundation has awarded $353,650 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ST THOMAS YACHT CLUB PURPOSE: GENERAL FUND | $5,000 |
PTA ASSOCIATION PURPOSE: GENERAL FUND | $1,500 |
THE HUDSON REVIEW PURPOSE: GENERAL FUND | $2,000 |
ANTILLES SCHOOL PURPOSE: GENERAL FUND | $5,000 |
MILL RIVER PARK COLLABORATION PURPOSE: GENERAL FUND | $10,000 |
HARTFORD INTERNATIONAL UNIVERSITY PURPOSE: GENERAL FUND | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of The Virgin Islands Inc St Thomas, VI | $14,923,448 | $4,268,383 |
Ys Kim Foundation Inc St Thomas, VI | $66,964 | $1,738,105 |
Prior Family Foundation St Thomas, VI | $10,395,201 | $1,045,387 |
Leaders Branch St Thomas, VI | $105,438 | $60,594 |
Sidney Lee Dream Foundation Inc Christiansted, VI | $0 | $0 |
Richard Hill Lambertsen Foundation Christiansted, VI | $38,575 | $567 |
Gratitude America Ltd St Thomas, VI | $8,175,884 | $0 |