Picerne Charitable Trust
- Assets
- $18.9m
- Revenue
- $3.1m
- Investments
- $18.0m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 04/1996
- Data as of
- 11/2023
- EIN
- 05-0487100
Organization Overview
Picerne Charitable Trust is located in Phoenix, AZ. The organization was established in 1996. 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. Picerne Charitable Trust 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 11/2023, Picerne Charitable Trust generated $3.1m 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 (9.9%) each year. All expenses for the organization totaled $1.9m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Picerne Charitable Trust has awarded 611 individual grants totaling $8,985,413. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Rs Picerne Trustee | 1 | $0 | |
David R Picerne Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $780,000 |
| Interest on Savings | $4,932 |
| Dividends & Interest | $891,374 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,462,038 |
| Capital Gain Net Income | $1,462,038 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,138,344 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $21,290 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,534 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,259 |
| Total operating and administrative expenses | $93,864 |
| Contributions, gifts, grants paid | $1,789,396 |
| Total expenses and disbursements | $1,883,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $849,834 |
| 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 | $498 |
| Total assets | $18,859,018 |
| 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, Picerne Charitable Trust has awarded $1,789,396 in support to 132 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS EYE AND EAR PURPOSE: SUPPORT CHARITABLE OPERATIONS | $10,000 |
GOOD NEIGHBORS PURPOSE: SUPPORT CHARITABLE OPERATIONS | $4,500 |
MARQUETTE UNIVERSITY OFFICE OF STUDENT FINANCIAL AID PURPOSE: SUPPORT CHARITABLE OPERATIONS | $1,250 |
LOYOLA UNIVERSITY CHICAGO PURPOSE: SUPPORT CHARITABLE OPERATIONS | $2,500 |
MANHATTAN COLLEGE PURPOSE: SUPPORT CHARITABLE OPERATIONS | $1,250 |
LOUISIANA STATE UNIVERSITY PURPOSE: SUPPORT CHARITABLE OPERATIONS | $5,000 |