Prince Family Foundation
- Assets
- $3.8m
- Revenue
- $165.3k
- Investments
- $3.4m
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 36-4368404
Organization Overview
Prince Family Foundation is located in Purchase, NY. The organization was established in 2001. 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. Prince 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, Prince Family Foundation generated $165.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $873.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Prince Family Foundation has awarded 63 individual grants totaling $4,159,959. 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 DOES NOT DIRECTLY PARTICIPATE IN CHARITABLE ACTIVITIES, THE ACTIVITIES OF THE DIRECTORS ARE LIMITED TO THE ADMINISTRATION OF GRANTS TO QUALIFIED UNRELATED 501(C) (3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven J Prince President | 6 | $0 | |
Debra L Prince Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $716 |
| Dividends & Interest | $83,289 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,256 |
| Capital Gain Net Income | $81,256 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $165,261 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,994 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $59,015 |
| Total operating and administrative expenses | $62,009 |
| Contributions, gifts, grants paid | $811,825 |
| Total expenses and disbursements | $873,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $423,435 |
| 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 | $3,786,989 |
| 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, Prince Family Foundation has awarded $811,825 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CHAI 4EVER PURPOSE: UNRESTRICTED | $20,000 |
CMT4B3 RESEARCH FOUNDATION PURPOSE: UNRESTRICTED | $2,575 |
EVANS SCHOLARS FOUNDATION PURPOSE: UNRESTRICTED | $25,000 |
ISRAEL CANCER RESEARCH FUND PURPOSE: UNRESTRICTED | $1,000 |
MAKE-A-WISH AMERICA PURPOSE: UNRESTRICTED | $5,250 |
PREP FOR PREP PURPOSE: UNRESTRICTED | $5,000 |