Lorease & Ed Priesmeyer Foundation Inc

Organization Overview

Lorease & Ed Priesmeyer Foundation Inc is located in Huntsville, TX. The organization was established in 0000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2021, Lorease & Ed Priesmeyer Foundation Inc generated $137.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $210.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Lorease & Ed Priesmeyer Foundation Inc has awarded 22 individual grants totaling $387,295. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED RESOURCES TO RICE CISD: SCHOOL SUPPLIES FOR EVERY STUDENT GRADES K-5 WERE PURCHASED. REMOVED FINANCIAL BURDEN FROM PREDOMINANTLY LOW INCOME FAMILIES. FUNDS PROVIDED FOR DISTRICT TO PURCHASE CHROME BOOKS FOR USE BY STUDENTS DURING PANDEMIC TO ALLOW AT HOME INSTRUCTION.


PROVIDED SCHOLARSHIP FUNDS TO EIGHT UNIVERSITIES AND TWO COLLEGES TO FUND ATTENDANCE OF STUDENTS WHO GRADUATED FROM RICE CISD AS WELL AS SUBSIDIZE DUAL CREDIT COURSES FOR RICE CISD STUDENTS.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $15
Dividends & Interest $15,958
Net Rental Income$3,992
Net Gain on Sale of Assets $85,530
Capital Gain Net Income $85,530
Net ST Capital Gain $84,178
Income Modifications $0
Profit on Inventory Sales $0
Other Income $28,157
Total Revenue $137,154

Grants Awarded

Over the last fiscal year, Lorease & Ed Priesmeyer Foundation Inc has awarded $167,567 in support to 10 organizations.

Grant RecipientAmount

RICE CISD

PURPOSE: SUPPLIES, EQUIP,

$56,100

TEXAS A&M UNIVERSITY

PURPOSE: FUND SCHOLARSHIPS

$42,746

UNIVERSITY OF TEXAS

PURPOSE: FUND SCHOLARSHIPS

$22,500

WCJC

PURPOSE: FUND SCHOLARSHIPS

$19,170

SHSU

PURPOSE: FUND SCHOLARSHIPS

$10,000

TEXAS STATE UNIVERSITY

PURPOSE: FUND SCHOLARSHIPS

$6,250
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