The Thomas L Pearson And The Pearson Family Members Foundation
- Assets
- $229.6k
- Revenue
- $53.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-3912215
Organization Overview
The Thomas L Pearson And The Pearson Family Members Foundation is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Thomas L Pearson And The Pearson Family Members 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, Thomas L Pearson And The Pearson Family Members Foundation generated $53.6k 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 (38.2%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Thomas L Pearson And The Pearson Family Members Foundation has awarded 16 individual grants totaling $1,004,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Pearson VP | 1 | $0 | |
Philip K Pearson VP | 1 | $0 | |
Thomas L Pearson Dir, Treas, Cob, Sec, VP | 25 | $0 | |
Timothy R Pearson Dir, Pres | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daniel Shapiro | 12/30/23 | $452,185 |
Conner & Winters | 12/30/23 | $697,454 |
Wyche P A | 12/30/23 | $223,753 |
Bdo | 12/30/23 | $50,595 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $53,645 |
| Dividends & Interest | $0 |
| 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 | $53,645 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,628 |
| Total operating and administrative expenses | $1,471,264 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $1,501,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $229,575 |
| 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 | $229,575 |
| 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 Thomas L Pearson And The Pearson Family Members Foundation has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ARLINGTON COMMUNITY CHURCH PURPOSE: ANNUAL CHRISTMAS FUND FOR GIVING TO CHILDREN THAT ARE IN NEED IN THE LOCAL CHURCH AND LOCAL COMMUNITY. | $2,500 |
TAG RANCH INC PURPOSE: GENERAL & UNRESTRICTED | $22,500 |
PARK CITY PERFORMANCES PURPOSE: GENERAL & UNRESTRICTED | $5,000 |