The Pierians Foundation Inc
- Assets
- $68.4k
- Revenue
- $25.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, MD
- Founding
- 10/2007
- Data as of
- 06/2023
- EIN
- 41-2237992
Organization Overview
The Pierians Foundation Inc is located in Columbia, MD. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pierians 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 06/2023, Pierians Foundation Inc generated $25.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $14.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROIVDE SUPPORT FOR ARTISTIC PROJECTS, ART EDUCATION PROGRAMS, AND EMERGING ARTIST IN THE PERFORMING, VISUAL AND LITERARY ARTS, IN LOCATLITES WHERE CHAPTERS OF THE PIERIANS INCORPORATED ARE LOCATED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVED $1,400 IN THE ANNUAL GIVING CAMPAIGN. HOSTED OUR ONLINE ARTS AUCTION THAT RAISED $1,042 TO GENERATE FINANCIAL SUPPORT FOR OUR CAUSES AND TO UNDERSCORE OUR COMMITTMENT TO THE ART WORLD. ESTABLISHED THE NINE MUSES ENDOWMENT FUND THROUGH THE BALTIMORE CHAPTER WITH A $11,000 DONATION. THIS FUND PURPOSE IS TO AWARD SCHOOL AGED CHILDREN MONEY TO BE EXPOSED TO A VARIETY OF ARTS DURING THEIR SCHOOL AGED YEARS. DISBURSED $10,000 IN GRANT MONEY TO VARIOUS CHAPTERS TO AWARD TO QUALIFIYING RECIPIENTS. SUCCESSFULLY COMPLETED OUR EXTERNAL AUDIT. OFFERED MINI WORKSHOPS TO OUR BOARD MEMBERS AS WELL A MINI STRATEGIC PLANNING SESSION. WE LAUNCHED ARE NEW WEBSITE TO INCREASE OUR SOCIAL MEDIA PRESENCE. CREATED A COMPREHENSIVE HISTORY OF THEPIERIANS FOR OUR MEMBERS. CONTINUED MAINTAIN OUR LEGACY ENDOWMENT FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Jackson Dorman President | OfficerTrustee | 20 | $0 |
Cara Walker 1st Vice Pres. | OfficerTrustee | 5 | $0 |
Karen Rawlins 2nd Vice Pres | OfficerTrustee | 5 | $0 |
A Lois Delaine Recording Secre | OfficerTrustee | 5 | $0 |
Rose Wiggins Corresp. Secr. | OfficerTrustee | 5 | $0 |
Evelyn Chandler Financial Sec. | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,291 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,136 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,427 |
| Total Program Service Revenue | $0 |
| Investment income | $806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $801 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $172 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $660 |
| Travel | $222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $100 |
| All other expenses | $510 |
| Total functional expenses | $14,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,276 |
| Savings and temporary cash investments | $21,079 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,355 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $28,530 |
| Net assets with donor restrictions | $39,825 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $68,355 |