Larry And Norma Price Family Charitable Foundation
- Assets
- $536.3k
- Revenue
- $405.9k
- Investments
- $167.5k
- Employees
- 0
- Location
- El Paso, TX
- Founding
- 11/1999
- Data as of
- 12/2023
- EIN
- 74-2819831
Organization Overview
Larry And Norma Price Family Charitable Foundation is located in El Paso, TX. The organization was established in 1999. 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. Larry And Norma Price Family Charitable 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, Larry And Norma Price Family Charitable Foundation generated $405.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.3% each year . All expenses for the organization totaled $241.1k during the year ending 12/2023. While expenses have increased by 21.7% per year over the past 7 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 2016, Larry And Norma Price Family Charitable Foundation has awarded 106 individual grants totaling $717,428. 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
NO ACTIVITIES DURING THE YEAR. THE FOUNDATION FUNCTIONED AS A CONDUIT ONLY. SEE PART XV FOR THE LIST AND AMOUNT OF CHARITIABLE CONTRIBUTIONS DURING 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry R Price Trustee | 0 | $0 | |
Norma Price Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $395,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,892 |
| 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 | $405,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62 |
| Total operating and administrative expenses | $62 |
| Contributions, gifts, grants paid | $241,014 |
| Total expenses and disbursements | $241,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,809 |
| 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 | $536,323 |
| 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, Larry And Norma Price Family Charitable Foundation has awarded $241,014 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
CORONADO BAPTIST CHURCH PURPOSE: CONTRIBUTE TO CHRISTIAN CHURCH | $70,100 |
EL PASO FOR JESUS PURPOSE: PROMOTION OF THE CHRISTIAN RELIGION | $12,000 |
CHURCH AND SCHOOL OF ST CLEMENT PURPOSE: CHURCH AND SCHOOL FOR PROMOTING CHRISTIAN VALUES | $10,016 |
PUEBLO NUEVA PURPOSE: ADVANCING THE RENEWAL AND DEVELOPMENT OF THE INNER CITY OF EL PASO | $8,850 |
GLOBAL PENDULUM PURPOSE: BRING BALANCE BACK TO THE POOR | $12,000 |
LUIS PALAU MNSTRIES PURPOSE: SUPPORT DONATIONS | $2,000 |