Perkins-Prothro Foundation
- Assets
- $17.5m
- Revenue
- $2.9m
- Investments
- $16.5m
- Employees
- 0
- Location
- Wichita Falls, TX
- Founding
- 12/1967
- Data as of
- 12/2022
- EIN
- 75-1247407
Organization Overview
Perkins-Prothro Foundation is located in Wichita Falls, TX. The organization was established in 1967. 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. Perkins-Prothro 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 12/2022, Perkins-Prothro Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 14.6% 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.
Since 2020, Perkins-Prothro Foundation has awarded 407 individual grants totaling $7,580,462. 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 |
|---|---|---|---|
Kathryn P Yeager President | 40 | $48,000 | |
Mark H Prothro V-President/treasurer | 10 | $0 | |
K Elizabeth Yeager V-President/secretary | 10 | $16,000 | |
Charlotte P Philbin Director | 10 | $6,000 | |
David H Prothro Director | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fayez Sarofim & Co | 12/30/22 | $54,538 |
Ubs Financial Services | 12/30/22 | $115,144 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,182 |
| Interest on Savings | $100,622 |
| Dividends & Interest | $427,117 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,516,281 |
| Capital Gain Net Income | $1,516,281 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $863,833 |
| Total Revenue | $2,917,035 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $148,759 |
| Depreciation | $17 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,985 |
| Total operating and administrative expenses | $495,113 |
| Contributions, gifts, grants paid | $2,429,153 |
| Total expenses and disbursements | $2,924,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $914,539 |
| Net Accounts receivable | $47,194 |
| 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 | $43 |
| Investments—mortgage loans | $0 |
| Investments—other | $99,600 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,450,143 |
| 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, Perkins-Prothro Foundation has awarded $2,429,153 in support to 135 organizations.
| Grant Recipient | Amount |
|---|---|
ALF ENGEN SKI MUSEUM FOUNDATION PURPOSE: CONTRIBUTION | $100 |
AMERICAN CANCER SOCIETY PURPOSE: GOLDEN BARON'S TABLE | $1,666 |
ART FROM THE STREET PURPOSE: CONTRIBUTION | $5,000 |
ARTS COUNCIL WICHITA FALLS AREA INC PURPOSE: CONTRIBUTION & MEMBERSHIP | $250 |
ARTS COUNCIL WICHITA FALLS AREA INC PURPOSE: OPERATING BUDGET | $1,500 |
ARTS COUNCIL WICHITA FALLS AREA INC PURPOSE: 2023 HOME & GARDEN FESTIVAL | $12,500 |