Presbyterian Village North Foundation
- Assets
- $51.0m
- Revenue
- $2.8m
- Investments
- $50.3m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/1985
- Data as of
- 12/2023
- EIN
- 75-2022746
Organization Overview
Presbyterian Village North Foundation is located in Dallas, TX. The organization was established in 1985. 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. Presbyterian Village North 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, Presbyterian Village North Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 13.7% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOODSHOP RESIDENT ACTIVITY - MANY YEARS AGO, THE FOUNDATION BUILT A WOODSHOP FOR THE RESIDENTS OF PRESBYTERIAN VILLAGE NORTH ("PVN")TO USE. THE FOUNDATION SUPPORTS THIS RESIDENT ACTIVITY BY PROVIDING SUPPLIES AND EQUIPMENT AS NEEDED. THESE RESIDENTS ALSO MAKE TOYS FOR LOCAL CHARITIES AND WORK ON THEIR OWN HOBBIES. THE WOODSHOP IS AVAILABLE TO ALL RESIDENTS OF PVN; IN 2023, ABOUT 10 RESIDENTS USED THE FACILITY REGULARLY. THESE RESIDENTS SOCIALIZE, LEARN NEW SKILLS, AND VOLUNTEER TO BUILD TOYS FOR THE LESS FORTUNATE.
SEW N SEWS RESIDENT ACTIVITY - A GROUP OF PRESBYTERIAN VILLAGE NORTH RESIDENTS MEETS WEEKLY TO SEW VARIOUS ITEMS FOR LOCAL CHARITIES AND OTHER AREAS ON THE CAMPUS. THEY MAKE STUFFED ANIMALS, CHRISTMAS STOCKINGS, BABY BLANKETS, APRONS AND OTHER ITEMS. THE FOUNDATION PROVIDES ALL SUPPLIES FOR THIS ACTIVITY APPROXIMATELY 20 RESIDENTS PARTICIPATED IN THIS ACTIVITY, PROVIDING OPPORTUNITIES TO SOCIALIZE, LEARN NEW SKILLS, AND CREATE TOYS FOR THE LESS FORTUNATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Reynolds Pres./coo | 40 | $185,200 | |
Karen Gooding VP Admin. | 40 | $152,700 | |
Corbet Bryant Chair./trustee | 2 | $0 | |
Pam Spell V.chair/trustee | 1 | $0 | |
Ila Kraft Sec./trustee | 1 | $0 | |
Christi Thompson Treas./trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $524,088 |
| Interest on Savings | $3,834 |
| Dividends & Interest | $1,234,145 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $116,818 |
| Capital Gain Net Income | $116,818 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $950,398 |
| Total Revenue | $2,829,283 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $337,900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $58,815 |
| Interest | $0 |
| Taxes | $123,507 |
| Depreciation | $5,038 |
| Occupancy | $12,920 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100,834 |
| Total operating and administrative expenses | $865,933 |
| Contributions, gifts, grants paid | $2,252,403 |
| Total expenses and disbursements | $3,118,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $246,241 |
| 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 | $43,953 |
| Investments—mortgage loans | $0 |
| Investments—other | $50,265,348 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $448,541 |
| Total assets | $51,006,282 |
| Accounts payable and accrued expenses | $7,664 |
| Grants payable | $38,123 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $200,712 |
| Total liabilities | $246,499 |
Grants Awarded
Over the last fiscal year, Presbyterian Village North Foundation has awarded $2,345,251 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UT SOUTHWESTERN MEDICAL CENTER PURPOSE: TOWARDS RESEARCH RELATED ALHEIMER'S DISEASE | $100,000 |
PRESBYTERIAN VILLAGE N FOREFRONT LI PURPOSE: FOR IMPROVED FACILITIES, IMPROVED CARE, THE CONTINUED RESIDENCE OF CERTAIN QUALIFYING INDIGENT RESIDENTS, AND FOR OTHER CHARITABLE ACTIVITIES. | $2,245,251 |