Peery Foundation
- Assets
- $49.3m
- Revenue
- $2.9m
- Investments
- $47.3m
- Employees
- 0
- Location
- Midway, UT
- Founding
- 04/1978
- Data as of
- 12/2022
- EIN
- 94-2460894
Organization Overview
Peery Foundation is located in Midway, UT. The organization was established in 1978. 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. Peery 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, Peery Foundation generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (29.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Peery Foundation has awarded 84 individual grants totaling $4,278,821. 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
CAPACITY-BUILDING TRAINING -TRAINING OPPORTUNITIES FOR GRANTEES WITH THE PURPOSE OF INCREASING CAPACITY FOR LONG- TERM ORGANIZATIONAL SUSTAINABILITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Peery President | 20 | $0 | |
Dennis T Peery Secretary | 10 | $0 | |
Jason D Peery Treasurer | 1 | $0 | |
Jennifer L Peery Vice President | 1 | $0 | |
Mildred D Peery Vice President | 1 | $0 | |
Richard T Peery Chairman Of The Board | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Catchafire | 12/30/20 | $105,000 |
Mighty Ally | 12/30/20 | $73,000 |
Foundation Source | 12/30/20 | $76,400 |
Learning For Action | 12/30/20 | $60,510 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $112 |
| Dividends & Interest | $1,059,291 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $867,878 |
| Capital Gain Net Income | $988,481 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $986,429 |
| Total Revenue | $2,913,710 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $56,966 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,813 |
| Total operating and administrative expenses | $263,583 |
| Contributions, gifts, grants paid | $764,500 |
| Total expenses and disbursements | $1,028,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $152,583 |
| 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 | $6,836 |
| Net Investments - land, buildings, equipment | $1,830,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,991,551 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $49,328,628 |
| Accounts payable and accrued expenses | $46,000 |
| 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 | $46,000 |
Grants Awarded
Over the last fiscal year, Peery Foundation has awarded $764,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITAL RESEARCH CENTER PURPOSE: GENERAL SUPPORT | $2,000 |
CARMEL RIVER WATERSHED PURPOSE: GENERAL SUPPORT | $1,500 |
CHRISTMAS BUREAU OF PALO ALTO PURPOSE: GENERAL SUPPORT | $10,000 |
DESERET TRUST COMPANY PURPOSE: PEERY FAMILY FUND | $630,000 |
LAPACHO FUND PURPOSE: GENERAL SUPPORT | $100,000 |
SILICON VALLEY COMMUNITY FOUNDATION PURPOSE: PALO ALTO WEEKLY HOLIDAY FUND | $10,000 |