Perot Foundation
- Assets
- $45.2m
- Revenue
- $244.2k
- Investments
- $17.9m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/1969
- Data as of
- 12/2022
- EIN
- 75-6093258
Organization Overview
Perot Foundation is located in Dallas, TX. The organization was established in 1969. 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. Perot 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, Perot Foundation generated $244.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.7%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (21.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Perot Foundation has awarded 814 individual grants totaling $97,983,271. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE FOUNDATION MAKES GRANTS TO OTHER ORGANIZATIONS TO ASSIST THEM IN CONDUCTING THEIR DIRECT CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margot B Perot President, Director | 0 | $0 | |
Carolyn P Rathjen Vice Pres, Exec Director | 20 | $23,173 | |
John T Walter Jr Secretary, Director | 0 | $0 | |
H Ross Perot Jr Director | 0 | $0 | |
Nancy E Perot Director | 0 | $0 | |
Suzanne P Mcgee Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $57,589 |
| Interest on Savings | $0 |
| Dividends & Interest | $276,786 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$286,700 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $196,498 |
| Total Revenue | $244,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,173 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $16,305 |
| Interest | $0 |
| Taxes | $54,828 |
| Depreciation | $1,904 |
| Occupancy | $16,509 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $197,468 |
| Total operating and administrative expenses | $317,727 |
| Contributions, gifts, grants paid | $2,395,000 |
| Total expenses and disbursements | $2,712,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,979 |
| 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 | $17,875,549 |
| Net Land, buildings, and equipment | $125,761 |
| Other assets | $27,190,768 |
| Total assets | $45,197,057 |
| Accounts payable and accrued expenses | $981 |
| 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 | $981 |
Grants Awarded
Over the last fiscal year, Perot Foundation has awarded $2,395,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF THE MASTERWORKS FOUNDATION PURPOSE: SUPPORT OF THE ARTS | $25,000 |
GEORGE W BUSH FOUNDATION PURPOSE: SUPPORT OF PRESIDENTIAL MUSEUM | $25,000 |
SOUTHERN METHODIST UNIVERSITY PURPOSE: GRANT DONATION FOR CENTER FOR PRESIDENTIAL HISTORY | $80,000 |
ST PHILLIPS SCHOOL AND COMMUNITY CENTER PURPOSE: EDUCATION | $100,000 |
TEXAS SCOTTISH RITE HOSPITAL PURPOSE: BOUNDLESS CENTENNIAL CAMPAIGN - FRISCO FACILITY CONSTRUCTION | $2,000,000 |
THE DALLAS ROTARY CLUB FOUNDATION PURPOSE: SUPPORT OF SALUTE TO AMERICA'S VETERANS PROGRAM. | $25,000 |