Precision Rubber Products Foundation Inc
- Assets
- $71.8k
- Revenue
- $61.0k
- Investments
- $25.3k
- Employees
- 0
- Location
- Lebanon, TN
- Founding
- 05/1954
- Data as of
- 06/2024
- EIN
- 31-0503347
Organization Overview
Precision Rubber Products Foundation Inc is located in Lebanon, TN. The organization was established in 1954. 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. Precision Rubber Products 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 06/2024, Precision Rubber Products Foundation Inc generated $61.0k 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 (4.8%) each year. All expenses for the organization totaled $74.6k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Precision Rubber Products Foundation Inc has awarded 257 individual grants totaling $935,085. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Mathis Trustee | 0 | $0 | |
Sherry Piercey Trustee, Sec | 0.25 | $0 | |
Mark D Clemmons Trustee, Pre | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $100 |
| Dividends & Interest | $60,938 |
| 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 | $0 |
| Total Revenue | $61,038 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $621 |
| Total operating and administrative expenses | $621 |
| Contributions, gifts, grants paid | $74,000 |
| Total expenses and disbursements | $74,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,759 |
| Savings and temporary cash investments | $17,724 |
| 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 | $71,826 |
| 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, Precision Rubber Products Foundation Inc has awarded $74,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKS HOUSE PURPOSE: PROVIDE FUNDS FOR CHARITY'S PURPOSE | $4,000 |
BOOKS FROM BIRTH PURPOSE: PROVIDE FUNDS FOR CHARITY'S PURPOSE | $4,000 |
BIG BROTHERS PURPOSE: PROVIDE FUNDS FOR CHARITY'S PURPOSE | $3,000 |
CEDAR SENIORS PURPOSE: PROVIDE FUNDS FOR CHARITY'S PURPOSE | $3,000 |
COMPASSIONATE HANDS INC PURPOSE: PROVIDE FUNDS FOR CHARITY'S PURPOSE | $2,000 |
CASA PURPOSE: PROVIDE FUNDS FOR CHARITY'S PURPOSE | $3,000 |