The Pray Family Foundation Inc
- Assets
- $6.9m
- Revenue
- $273.1k
- Investments
- $3.3m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 01/2013
- Data as of
- 12/2021
- EIN
- 90-0633482
Organization Overview
The Pray Family Foundation Inc is located in Greenwich, CT. The organization was established in 2013. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Pray Family Foundation Inc 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, Pray Family Foundation Inc generated $273.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.9%) each year. All expenses for the organization totaled $248.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTORING OF CHILDREN. ALL THE ORGANIZATIONS DIRECT AND INDIRECT EXPENSES ON FORM 990-PF PART 1 ARE RELATED TO THE CHARITABLE ACTIVITY OF MENTORING CHILDREN AT THE PRAY ACHIEVEMENT CENTER AND THE PRAY AUTOMOTIVE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Richter Vice President | 7.5 | $0 | |
Harry B Peden III Director, Secretary, & Tre | 7.5 | $0 | |
Melanie Pray Vice President | 7.5 | $0 | |
Christina Hughes Vice President | 7.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,818 |
| Interest on Savings | $0 |
| Dividends & Interest | $80,131 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $97,151 |
| Capital Gain Net Income | $104,190 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $60,039 |
| Total Revenue | $273,139 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $48,091 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,620 |
| Depreciation | $30,180 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $156,745 |
| Total operating and administrative expenses | $248,598 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $248,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,732,404 |
| 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 | $202,354 |
| Net Land, buildings, and equipment | $1,106,812 |
| Other assets | $699,180 |
| Total assets | $6,859,442 |
| 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 Recieved
Over the last fiscal year, we have identified 1 grants that The Pray Family Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Tiger Tail Family Foundation Bedford Corners, NY PURPOSE: GENERAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |