Bill & Cindy Pressprich Foundation
- Assets
- $2.3m
- Revenue
- $91.7k
- Investments
- $2.3m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 07/2016
- Data as of
- 12/2021
- 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 12/2021, Bill & Cindy Pressprich Foundation generated $91.7k 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 (53.7%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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 | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,832 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,411 |
| Capital Gain Net Income | $24,411 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,450 |
| Total Revenue | $91,693 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,227 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $4,049 |
| Contributions, gifts, grants paid | $182,875 |
| Total expenses and disbursements | $186,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383 |
| 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 | $2,297,642 |
| 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 $182,875 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CROSS CATHOLIC OUTREACH PURPOSE: PROVIDES FUNDING FOR FOOD WATER HOUSING | $100,000 |
DIVINE RENOVATION USA PURPOSE: PARISH RENEWAL IN CHURCHES | $75,000 |
ST MONICA CATHOLIC CHURCH PURPOSE: TO FOSTER EVANGELIZATION | $1,950 |
LIGHT OF THE WORLD CATHOLIC CHURCH PURPOSE: TO FOSTER EVANGELIZATION | $1,950 |
ST THOMAS AQUINAS CHURCH PURPOSE: TO FOSTER EVANGELIZATION | $1,950 |
ST JOHN THE BAPTIST PARISH PURPOSE: TO FOSTER EVANGELIZATION | $1,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |