Lower Pearl River Valley Foundation
- Assets
- $19.9m
- Revenue
- $1.4m
- Investments
- $19.6m
- Employees
- 0
- Location
- Picayune, MS
- Founding
- 06/1999
- Data as of
- 09/2022
- EIN
- 64-0901092
Organization Overview
Lower Pearl River Valley Foundation is located in Picayune, MS. The organization was established in 1999. 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. Lower Pearl River Valley 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 09/2022, Lower Pearl River Valley Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.3m during the year ending 09/2022. While expenses have increased by 3.4% per year over the past 6 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.
Since 2015, Lower Pearl River Valley Foundation has awarded 120 individual grants totaling $6,206,230. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Clyde Dease President | 40 | $152,680 | |
Dr Pamela Thomas Secretary | 3 | $5,400 | |
Dr Tom Clark Director | 3 | $5,400 | |
Mr Ray Scott Director | 3 | $5,400 | |
Ms Barbara Alexander Director | 3 | $5,400 | |
Dr Rebecca Askew Treasurer | 3 | $5,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $383,652 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $975,934 |
| Capital Gain Net Income | $975,934 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $75,645 |
| Total Revenue | $1,435,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $179,680 |
| Other employee salaries and wages | $37,800 |
| Pension plans, employee benefits | $18,314 |
| Interest | $0 |
| Taxes | $19,406 |
| Depreciation | $2,875 |
| Occupancy | $24,666 |
| Travel, conferences, and meetings | $1,945 |
| Printing and publications | $126 |
| Other expenses | $35,863 |
| Total operating and administrative expenses | $381,575 |
| Contributions, gifts, grants paid | $938,885 |
| Total expenses and disbursements | $1,320,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $287,802 |
| 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 | $2,202 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,620,735 |
| Net Land, buildings, and equipment | $34,078 |
| Other assets | $0 |
| Total assets | $19,944,817 |
| Accounts payable and accrued expenses | $93,394 |
| 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 | $93,394 |
Grants Awarded
Over the last fiscal year, Lower Pearl River Valley Foundation has awarded $938,885 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
PICAYUNE SCHOOL DISTRICT PURPOSE: IMPROVING SPORTS MEDICINES - CAREER AND TECHNICAL CENTER, MUSIC FOR ALL,ST MATH YEAR V NICHOLSON ELEMENTARY, AND EARLY HEAD START - EARLY COLLABORATIVE LEARNING YEAR X. | $225,648 |
PEARL RIVER COUNTY BOARD OF SUPERVISORS PURPOSE: CROSSROADS VFD - STOCK NEW TANKER TRUCK AND PARK RENOVATIONS. | $176,261 |
Picayune, MS PURPOSE: RESILIENCE IN A SUSCESSFUL ENVIRONMENT, 2ND ANNUAL CUSP SUMMER PROGRAM | $128,030 |
PEARL RIVER COMMUNITY COLLEGE PURPOSE: DR. WILLIAM LEWIS HONORS INSITUTE LYCEUM LECTURE SERIES - YEAR IX, 2021 WOMENS HEALTH SYMPOSIUM, MODERNIZATION OF ORGANIC CHEMISTRY, AND WILDCAT WAY TO ADVENTURE - KID'S COLLEGE. | $90,523 |
LAMAR COUNTY SUPERVISORS PURPOSE: 15TH CIRCUIT INTERVENTION COURT | $74,992 |
Picayune, MS PURPOSE: FAMILY ADVOCACY PROGRAM YEARS II AND III | $56,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
The William B Wiener Jr Foundation Shreveport, LA | $23,196,478 | $3,677,470 |
Bashinsky Foundation Inc Birmingham, AL | $2,626,965 | $3,568,518 |
Ergon Foundation Inc Jackson, MS | $213,824,095 | $11,919,127 |
Winthrop Rockefeller Foundation Little Rock, AR | $169,499,273 | $12,187,719 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |