Pearson Family Foundation Inc
- Assets
- $0.0
- Revenue
- $111.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 02/1995
- Data as of
- 12/2023
- EIN
- 59-3279393
Organization Overview
Pearson Family Foundation Inc is located in Vero Beach, FL. The organization was established in 1995. 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. Pearson Family 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 12/2023, Pearson Family Foundation Inc generated $111.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Pearson Family Foundation Inc has awarded 71 individual grants totaling $1,552,550. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES CHARITABLE CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David E Pearson Treasurer | 2 | $0 | |
Carol M Pearson President | 2 | $0 | |
Jennifer L Garvey Secretary | 1 | $0 | |
Erica J Baker Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,788 |
| Dividends & Interest | $29,404 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,324 |
| Capital Gain Net Income | $77,324 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $111,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,103 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,374 |
| Contributions, gifts, grants paid | $1,028,050 |
| Total expenses and disbursements | $1,044,424 |
| 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, Pearson Family Foundation Inc has awarded $1,028,050 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIST CHURCH VERO BEACH PURPOSE: UNRESTRICTED | $16,000 |
SCHWAB CHARITABLE- NEHEMIAH FUND PURPOSE: UNRESTRICTED | $936,050 |
TRINITY SCHOOL FOR MINISTRY PURPOSE: UNRESTRICTED | $25,000 |
BRAZOS FELLOWS PURPOSE: UNRESTRICTED | $10,000 |
GIFFORD YOUTH ACHIEVEMENT CENTER PURPOSE: UNRESTRICTED | $30,000 |
ANGLICANS FOR LIFE PURPOSE: UNRESTRICTED | $5,000 |