Vernon And Alice Pratt Foundation
- Assets
- $968.1k
- Revenue
- $20.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Adrian, MI
- Founding
- Data as of
- 12/2022
- EIN
- 84-4943784
Organization Overview
Vernon And Alice Pratt Foundation is located in Adrian, MI. Vernon And Alice Pratt 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, Vernon And Alice Pratt Foundation generated $20.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (69.0%) each year. All expenses for the organization totaled $20.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE EXCLUSIVELY FOR CHARITABLE,SCIENTIFIC,LITERARY AND ECUCATIONAL PURPOSES; AND TO BENEFIT HOSPICE OF LENAWEE AND THE LENAWEE HUMANE SOCIETY OR OTHER SUCH ORGANIZATIONS OR SUCCESSOR ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE SHALL BE TO AID ORGANIZATIONS PROVIDING HOSPICE SERVICES AND ORGANIZATIONS INVOLVED IN PROTECTION OF ANIMALS. AID WAS DISPURSED TO HOSPICE OF LENAWEE IN THE AMOUNT OF 15,000.00 AND LENAWEE HUMANE SOCIETY IN THE AMOUNT OF 20,000.00 BOTH OPERATING IN LENAWEE COUNTY.
THE PRIMARY PURPOSE SHALL BE TO AID ORGANIZATIONS PROVIDING HOSPICE SERVICES AND ORGANIZATIONS INVOLVED IN PROTECTION OF ANIMALS. AID WAS DISPURSED TO HOSPICE OF LENAWEE IN THE AMOUNT OF 15,000.00 AND LENAWEE HUMANE SOCIETY IN THE AMOUNT OF 20,000.00 BOTH OPERATING IN LENAWEE COUNTY.IN ADDITION TO THESE TWO ACCOMPLISHMENTS A THIRD ORGANIZATION PROVIDING CARE SERVICES, LENAWEE COUNTY ADRIAN SENIOR CENTER AID WAS GIVEN IN THE AMOUNT OF 24,000.00.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Pender President | Officer | $0 | |
Howard Pennington Vice Preside | Officer | $0 | |
Mark Bruggeman Secretary | Officer | $0 | |
Dan Bruggeman Resident Age | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $19,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $782 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,230 |
| Fees for services: Other | $2,876 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,967 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $939,105 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $968,072 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $968,072 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $968,072 |
Grants Awarded
Over the last fiscal year, Vernon And Alice Pratt Foundation has awarded $40,719 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HOSPICE OF LENAWEE INC | | | $13,573 |
COUNTY OF LENAWEE- ADRIAN SENIOR CT | | | $13,573 |
LENAWEE HUMANE SOCIETY | | | $13,573 |