Herschel C Price Educational Foundation
- Assets
- $3.4m
- Revenue
- $504.3k
- Investments
- $3.4m
- Employees
- 0
- Location
- Huntington, WV
- Founding
- 07/1976
- Data as of
- 04/2022
- EIN
- 55-6076719
Organization Overview
Herschel C Price Educational Foundation is located in Huntington, WV. The organization was established in 1976. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Herschel C Price Educational 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 04/2022, Herschel C Price Educational Foundation generated $504.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 39.6% each year . All expenses for the organization totaled $345.3k during the year ending 04/2022. While expenses have increased by 8.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS 44 RECIPIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 1 | $24,284 | |
Jonna Hughes Trustee | 1 | $18,000 | |
Chandos Peak Trustee | 1 | $6,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,703 |
| Dividends & Interest | $79,182 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $397,815 |
| Capital Gain Net Income | $397,815 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $619 |
| Total Revenue | $504,319 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,800 |
| Other employee salaries and wages | $11,100 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,234 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $600 |
| Total operating and administrative expenses | $65,268 |
| Contributions, gifts, grants paid | $280,000 |
| Total expenses and disbursements | $345,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,141 |
| Savings and temporary cash investments | -$814 |
| 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 | $3,402,351 |
| 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, Herschel C Price Educational Foundation has awarded $280,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED SCHEDULE PURPOSE: SCHOLARSHIPS | $280,000 |
THE MARSHALL UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIP FUND | $0 |
BIG GREEN SCHOLARSHIP FOUNDATION PURPOSE: SCHOLARSHIPFUND | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Maryland College Park Foundation Inc College Park, MD | $869,831,500 | $109,216,276 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
University Health Services Inc Richmond, VA | $34,736,696 | $16,366,834 |
Medical College Of Virginia Foundation Richmond, VA | $645,911,510 | $54,318,573 |
Virginia Commonwealth University College Of Engineering Foundation Richmond, VA | $131,974,636 | $12,076,889 |
University Of Maryland Foundation Inc Adelphi, MD | $2,110,990,979 | $62,167,598 |
Communities In Schools Inc Alexandria, VA | $73,470,009 | $25,993,702 |