Priddy Foundation
- Assets
- $194.5m
- Revenue
- $7.6m
- Investments
- $188.6m
- Employees
- 0
- Location
- Wichita Falls, TX
- Founding
- 01/1964
- Data as of
- 12/2022
- EIN
- 75-6029882
Organization Overview
Priddy Foundation is located in Wichita Falls, TX. The organization was established in 1964. 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. Priddy 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, Priddy Foundation generated $7.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $16.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Priddy Foundation has awarded 418 individual grants totaling $36,620,763. 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 |
|---|---|---|---|
Dr Shelley S Sweatt President/ceo | 40 | $328,116 | |
David Wolverton Trustee Emeritus | 0 | $0 | |
Berneice R Leath Trustee Emerita | 0 | $0 | |
Cathy Biggs Trustee | 2 | $7,000 | |
Debbie Barrow Trustee | 2 | $6,500 | |
Margaret Henry Trustee | 2 | $7,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dodge & Cox | 12/30/22 | $173,225 |
Luther King Capital Mgmt | 12/30/22 | $333,018 |
American National Bank & Trust | 12/30/22 | $97,509 |
Vanguard | 12/30/22 | $51,805 |
Sentry Management | 12/30/22 | $71,930 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $596 |
| Dividends & Interest | $4,670,163 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,866,490 |
| Capital Gain Net Income | $2,866,490 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $42,542 |
| Total Revenue | $7,579,791 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $390,616 |
| Other employee salaries and wages | $214,975 |
| Pension plans, employee benefits | $72,385 |
| Interest | $0 |
| Taxes | $240,742 |
| Depreciation | $13,991 |
| Occupancy | $56,431 |
| Travel, conferences, and meetings | $23,676 |
| Printing and publications | $0 |
| Other expenses | $813,843 |
| Total operating and administrative expenses | $2,622,075 |
| Contributions, gifts, grants paid | $13,799,878 |
| Total expenses and disbursements | $16,421,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,624,275 |
| 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 | $191,937 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $70,656,308 |
| Net Land, buildings, and equipment | $114,835 |
| Other assets | $22,407 |
| Total assets | $194,532,964 |
| 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, Priddy Foundation has awarded $13,799,878 in support to 138 organizations.
| Grant Recipient | Amount |
|---|---|
ABILENE RECOVERY COUNCIL PURPOSE: PARENTING AWARENESS AND DRUG RISK EDUCATION SERVICES (PADRES) 2022-2023 | $63,750 |
ACTS 4 OTHERS PURPOSE: UNITED 4 HOPE AGAINST HOMELESSNESS 2022 | $20,000 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: EDUCATION & SUPPORT SERVICES 2021-2022 | $30,000 |
AMERICAN NATIONAL RED CROSSAMERICAN RED CROSS OF NORTH CENTRAL TEXAS PURPOSE: DISASTER SERVICES 2022-2023 | $75,000 |
ANAG INC PURPOSE: PROGRAM SUPPORT 2023 | $20,000 |
ARTS COUNCIL WICHITA FALLS AREA INC DBA KEMP CENTER FOR THE ARTS PURPOSE: KEMP CENTER RENOVATION AND UPDATES 2022 | $200,000 |