The Robert E & Rosemary Price Foundation Inc
- Assets
- $18.8m
- Revenue
- $132.2k
- Investments
- $17.0m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 10/1995
- Data as of
- 12/2022
- EIN
- 38-3247629
Organization Overview
The Robert E & Rosemary Price Foundation Inc is located in Detroit, MI. The organization was established in 1995. 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. Robert E & Rosemary Price 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 12/2022, Robert E & Rosemary Price Foundation Inc generated $132.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $982.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robert E & Rosemary Price Foundation Inc has awarded 72 individual grants totaling $2,488,425. 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 |
|---|---|---|---|
Rosemary Price President/director | 0.5 | $0 | |
C R Hackworthy Treasurer/director | 0.5 | $0 | |
C R Hackworthy Secretary/director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $51,789 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,996 |
| Capital Gain Net Income | $79,996 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $442 |
| Total Revenue | $132,227 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $969 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $132,074 |
| Contributions, gifts, grants paid | $850,000 |
| Total expenses and disbursements | $982,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,782,324 |
| 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 | $6,366,280 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,758,886 |
| 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, The Robert E & Rosemary Price Foundation Inc has awarded $850,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
DETROIT PIT CREW DOG RESCUE PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
FISH AND LOAVES FOOD PANTRY PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
GREATER HILLSDALE HUMANE SOCIETY PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
HOPE ACADEMY PURPOSE: GENERAL OPERATING SUPPORT | $300,000 |
MSU ENGINEERING DEPT PURPOSE: EDUCATIONAL FOR COLLEGES | $50,000 |
ST JOSEPH'S INDIAN SCHOOL PURPOSE: EDUCATIONAL | $20,000 |