Honorable Frank L & Arlene Price Foundation
- Assets
- $2.5m
- Revenue
- $137.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Vancouver, WA
- Founding
- 08/2010
- Data as of
- 12/2023
- EIN
- 26-1852476
Organization Overview
Honorable Frank L & Arlene Price Foundation is located in Vancouver, WA. The organization was established in 2010. 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. Honorable Frank L & Arlene Price 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, Honorable Frank L & Arlene Price Foundation generated $137.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $632.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Honorable Frank L & Arlene Price Foundation has awarded 176 individual grants totaling $2,290,748. 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 DESIGNS AND RECEIVES APPLICATIONS FOR EDUCATION, HEALTH CARE AND HISTORIC PRESERVATION RELATED GRANTS PRIMARILY WITHIN COWLITZ AND CLARK COUNTIES. FOR 2022, A TOTAL OF 487,670 IN GRANTS WERE PAID TO THIRTY THREE DIFFERENT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
G L Booth Pres/dir | 10 | $49,320 | |
T Randall Grove Vp/dir | 1 | $0 | |
Joanne Galloway Sec/dir | 1 | $1,500 | |
Jill Vandinter Tres/dir | 1 | $1,500 | |
Sharon Shierman Director | 1 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $77,762 |
| Dividends & Interest | $34,979 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,108 |
| Capital Gain Net Income | $22,108 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,297 |
| Total Revenue | $137,146 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $53,820 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,480 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,009 |
| Total operating and administrative expenses | $106,200 |
| Contributions, gifts, grants paid | $526,200 |
| Total expenses and disbursements | $632,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,237,622 |
| Net Accounts receivable | $7,755 |
| 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 | $3,880 |
| Total assets | $2,484,840 |
| Accounts payable and accrued expenses | $49,320 |
| 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 | $49,320 |
Grants Awarded
Over the last fiscal year, Honorable Frank L & Arlene Price Foundation has awarded $526,200 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LEGION AUX PURPOSE: HISTORIC PRESERVATION | $10,000 |
BATTLE GROUND HEALTHCARE PURPOSE: HEALTH | $20,000 |
CAMAS WASHOUGAL HISTORICAL SOCIETY PURPOSE: HISTORICAL PRESERVATION | $3,000 |
CARING CLOSET PURPOSE: HEALTH | $10,000 |
CLARK COLLEGE FOUNDATION PURPOSE: EDUCATION | $50,000 |
COMMUNITY HEALTH PARTNERS PURPOSE: HEALTH | $20,000 |