Pruden Foundation
- Assets
- $0.0
- Revenue
- $78.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 08/1973
- Data as of
- 02/2024
- EIN
- 54-0923448
Organization Overview
Pruden Foundation is located in Virginia Beach, VA. The organization was established in 1973. 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. Pruden 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 02/2024, Pruden Foundation generated $78.1k 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 (7.5%) each year. All expenses for the organization totaled $2.8m during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Pruden Foundation has awarded 236 individual grants totaling $4,551,483. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vernon Towler Vice President | 0 | $0 | |
Peter D Pruden III President | 0 | $0 | |
Bobby L Ralph Director | 0 | $0 | |
Taylor Pruden Director | 0 | $0 | |
Whitney G Saunders Director | 0 | $0 | |
Jonathan E Pruden Sec./treas. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,116 |
| Dividends & Interest | $94,393 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,360 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,194 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,066 |
| Total operating and administrative expenses | $44,785 |
| Contributions, gifts, grants paid | $2,794,810 |
| Total expenses and disbursements | $2,839,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Pruden Foundation has awarded $2,794,810 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
HAMPTON ROADS COMMUNITY FOUNDATION PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $943,071 |
FOR KIDS PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $25,000 |
SUFFOLK CENTER FOR CULTURAL ARTS PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $45,622 |
CHILDREN'S HOSPITAL OF THE KING'S DAUGHTERS PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $20,000 |
COALITION AGAINST POVERTY IN SUFFOLK PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $10,000 |
SUFFOLK MEALS ON WHEELS INC PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $10,000 |