Bill & Cindy Pressprich Foundation
- Assets
- $2.0m
- Revenue
- $22.5k
- Investments
- $2.0m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 07/2016
- Data as of
- 12/2022
- EIN
- 81-0690279
Organization Overview
Bill & Cindy Pressprich Foundation is located in Ann Arbor, MI. The organization was established in 2016. 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. Bill & Cindy Pressprich 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, Bill & Cindy Pressprich Foundation generated $22.5k 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 (26.6%) each year. All expenses for the organization totaled $286.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Bill & Cindy Pressprich Foundation has awarded 14 individual grants totaling $465,375. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP COACHING FOR PASTORSLEADERSHIP TEAMS OF 20 CHURCHES MINISTRIES SCHOOLS & NON-PROFIT ORGANIZATIONS TO IMPROVE EFFICIENCY & EFFECTIVENESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William O Pressprich Director | 25 | $0 | |
Cynthia M Pressprich Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,125 |
| Interest on Savings | $50 |
| Dividends & Interest | $64,034 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$47,774 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,100 |
| Total Revenue | $22,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,755 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68 |
| Total operating and administrative expenses | $3,841 |
| Contributions, gifts, grants paid | $282,500 |
| Total expenses and disbursements | $286,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,285 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,033,836 |
| 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, Bill & Cindy Pressprich Foundation has awarded $282,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DIVINE RENOVATION USA PURPOSE: INSPIRES EQUIPS & CONNECTS CHURCHES FOR MISSION | $75,000 |
CROSS CATHOLIC OUTREACH PURPOSE: PROVIDES FUNDING FOR FOOD WATER HOUSING | $100,000 |
ALPHA CATHOLIC PURPOSE: SUPPORTS EVANGELIZATION IN CHURCHES | $10,000 |
CHRIST THE KING CATHOLIC CHURCH PURPOSE: TO FOSTER EVANGELIZATION | $75,000 |
MISSION CAPITAL PURPOSE: SUPPORTS EVANGELIZATION & DISCIPLESHIP MINISTRIES | $12,500 |
RENEWAL MINISTRIES PURPOSE: PROVIDES EVANGELIZATION SERVICES | $5,000 |