Stevan & Cynthia Pearce Charitable Foundation
- Assets
- $1.3m
- Revenue
- $173.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Hobbs, NM
- Founding
- 05/2003
- Data as of
- 09/2023
- EIN
- 01-0576324
Organization Overview
Stevan & Cynthia Pearce Charitable Foundation is located in Hobbs, NM. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public 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. Stevan & Cynthia Pearce Charitable 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 09/2023, Stevan & Cynthia Pearce Charitable Foundation generated $173.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $56.1k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Stevan & Cynthia Pearce Charitable Foundation has awarded 92 individual grants totaling $902,232. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
VERITAS CLASSICAL CHRISTIAN ACADEMY GRANT FOR CHARITABLE PURPOSES
LEGACY PREGNANCY RESOURCE CENTER GRANT FOR CHARITABLE PURPOSES
TAYLOR MEMORIAL BAPTIST CHURCH FOR CHARITABLE PURPOSES
ACCESS PARTNERS FOR LIFE GRANT FOR CHARITABLE PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Pearce Director | 2 | $0 | |
Stevan Pearce Director | 2 | $0 | |
Lori Bova Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,252 |
| Dividends & Interest | $34,933 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $136,818 |
| Capital Gain Net Income | $136,818 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $173,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $862 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $638 |
| Total operating and administrative expenses | $7,503 |
| Contributions, gifts, grants paid | $48,613 |
| Total expenses and disbursements | $56,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $97,079 |
| 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 | $1,194,604 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,291,683 |
| 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, Stevan & Cynthia Pearce Charitable Foundation has awarded $48,613 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS PARTNERS PURPOSE: GENERAL SUPPORT | $5,000 |
LEGACY PREGNANCY RESOURCE CENTER PURPOSE: GENERAL SUPPORT | $18,000 |
TAYLOR MEMORIAL BAPTIST CHURCH PURPOSE: GENERAL SUPPORT | $10,000 |
VERITAS CLASSICAL CHRISTIAN ACADEMY PURPOSE: GENERAL SUPPORT | $15,613 |