Prentice Foundation Inc
- Assets
- $28.9m
- Revenue
- $5.8m
- Investments
- $27.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 06-1386173
Organization Overview
Prentice Foundation Inc is located in Wilmington, DE. The organization was established in 1994. 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. Prentice 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, Prentice Foundation Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.3% each year . All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 16.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Prentice Foundation Inc has awarded 723 individual grants totaling $6,567,159. 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 |
|---|---|---|---|
Jerry Babicka Dir, Treas | 1 | $0 | |
Lynn P Babicka Dir, VP | 1 | $0 | |
James Bohart Jr Dir | 1 | $0 | |
Barbara Hapgood Dir | 1 | $0 | |
Lauren Zuskin Dir, Sec | 1 | $0 | |
John Powers Dir, Pres | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bny Mellon Bank | 12/30/21 | $81,007 |
Foundation Source | 12/30/21 | $60,735 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,479 |
| Dividends & Interest | $232,202 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,546,103 |
| Capital Gain Net Income | $5,597,986 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,362 |
| Total Revenue | $5,801,146 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $56,839 |
| Pension plans, employee benefits | $9,079 |
| Interest | $0 |
| Taxes | $56,676 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $263,800 |
| Total operating and administrative expenses | $587,170 |
| Contributions, gifts, grants paid | $3,055,000 |
| Total expenses and disbursements | $3,642,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,501,529 |
| 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 | $12,567,310 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,859,119 |
| 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, Prentice Foundation Inc has awarded $3,055,000 in support to 276 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: GENERAL & UNRESTRICTED | $120,100 |
Basalt, CO PURPOSE: THE THIRD GENERATION FUND | $100,000 |
Baltimore, MD PURPOSE: PUBLIC AFFAIRS PROGRAM | $86,480 |
Frederick, MD PURPOSE: GENERAL & UNRESTRICTED | $86,000 |
Phoenix, AZ PURPOSE: GENERAL & UNRESTRICTED | $75,000 |
PA ALLIANCE FOUNDATION PURPOSE: FOR THE VOTER PROJECT AND COMMONWEALTH COMMUNICATIONS | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
F M Kirby Foundation Inc Morristown, NJ | $303,494,554 | $34,334,700 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Victoria Foundation Inc Newark, NJ | $335,393,283 | $24,137,337 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |