Pierce Family Foundation
- Assets
- $257.7k
- Revenue
- $6.3k
- Investments
- $205.1k
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 26-0884438
Organization Overview
Pierce Family Foundation is located in Tulsa, OK. 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. Pierce 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 12/2022, Pierce Family Foundation generated $6.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (32.1%) each year. All expenses for the organization totaled $50.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pierce Family Foundation has awarded 84 individual grants totaling $361,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ACCOMPLISHES ITS CHARITABLE PURPOSE SOLELY THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS AND GRANTS AND DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael W Pierce Trustee | 0.25 | $0 | |
Mary Anne Pierce Trustee | 0.25 | $0 | |
Caroline A Mclain Trustee | 0.25 | $0 | |
John Pierce Trustee | 0.25 | $0 | |
David Pierce Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $66 |
| Dividends & Interest | $6,225 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16 |
| Total Revenue | $6,307 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $105 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1 |
| Total operating and administrative expenses | $1,887 |
| Contributions, gifts, grants paid | $48,500 |
| Total expenses and disbursements | $50,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,621 |
| 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 | $257,734 |
| 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, Pierce Family Foundation has awarded $48,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LITTLE LIGHT HOUSE PURPOSE: GENERAL FUNDING | $4,000 |
JOHN 316 MISSION PURPOSE: GENERAL FUNDING | $5,000 |
HABITAT FOR HUMANITY PURPOSE: GENERAL FUNDING | $5,000 |
KIDS ACROSS AMERICA FOUNDATION PURPOSE: GENERAL FUNDING | $3,000 |
INDIA PRACTICAL MISSIONS PURPOSE: GENERAL FUNDING | $2,000 |
PREEMPTIVE LOVE COALITION PURPOSE: GENERAL FUNDING | $2,500 |