The Pruitt Foundation Inc
- Assets
- $49.1m
- Revenue
- $1.4m
- Investments
- $48.0m
- Employees
- 0
- Location
- Chantilly, VA
- Founding
- 03/2005
- Data as of
- 12/2023
- EIN
- 20-1151002
Organization Overview
The Pruitt Foundation Inc is located in Chantilly, VA. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Pruitt 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 12/2023, Pruitt Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Pruitt Foundation Inc has awarded 279 individual grants totaling $8,195,183. 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 |
|---|---|---|---|
Michael Rutilio Oreto Through 114 President/treas/secretary | 0.3 | $0 | |
Martin Lee Cropp Director | 0.3 | $0 | |
Charles Stephen Shaw Jr Director | 0.3 | $0 | |
Gary L Jones Director | 0.3 | $0 | |
Cecil Pruitt President/treas/secretary | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $228 |
| Dividends & Interest | $2,035,100 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$645,877 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,803 |
| Total Revenue | $1,398,254 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,563 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $50,835 |
| Printing and publications | $0 |
| Other expenses | $1,345,018 |
| Total operating and administrative expenses | $1,446,066 |
| Contributions, gifts, grants paid | $1,937,632 |
| Total expenses and disbursements | $3,383,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,069 |
| Savings and temporary cash investments | $109,619 |
| 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 | $14,083,471 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $943,212 |
| Total assets | $49,060,581 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $199,998 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $199,998 |
Grants Awarded
Over the last fiscal year, The Pruitt Foundation Inc has awarded $1,937,632 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDRIA TUTORING CONSORTIUM INC PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $50,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $5,000 |
BLESSED ANGELS COMMUNITY CENTER PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $25,000 |
BLUE RIDGE WILDLIFE CENTER PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $5,000 |
BOY SCOUTS OF AMERICA PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $10,000 |
BOYS AND GIRLS CLUBS OF SOUTH CENTRAL TEXAS PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $25,000 |