The Pruitt Foundation Inc
- Assets
- $50.8m
- Revenue
- $18.6m
- Investments
- $49.7m
- Employees
- 0
- Location
- Chantilly, VA
- Founding
- 03/2005
- Data as of
- 12/2022
- 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 12/2022, Pruitt Foundation Inc generated $18.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 59.0% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 10.0% per year over the past 6 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 2014, Pruitt Foundation Inc has awarded 280 individual grants totaling $6,801,907. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Stephen Shaw Jr Director | 0.3 | $0 | |
Michael Rutilio Oreto Through 114 President/treas/secretary | 0.3 | $0 | |
Gary L Jones Director | 0.3 | $0 | |
Martin Lee Cropp Director | 0.3 | $0 | |
Cecil Pruitt President/treas/secretary | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,496,051 |
| Interest on Savings | $34,816 |
| Dividends & Interest | $477,272 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,421,236 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,586,903 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $424,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $205,193 |
| Total operating and administrative expenses | $680,261 |
| Contributions, gifts, grants paid | $1,167,374 |
| Total expenses and disbursements | $1,847,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,995 |
| Savings and temporary cash investments | $186,135 |
| 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 | $11,626,801 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $929,594 |
| Total assets | $50,846,027 |
| 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, The Pruitt Foundation Inc has awarded $1,167,374 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
Bristow, VA PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $142,000 |
Germantown, MD PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $125,000 |
Germantown, MD PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $90,000 |
Salisbury, MD PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $50,000 |
Rye Brook, NY PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $50,000 |
UNITED MASHADI JEWISH COMMUNITY OF AMERICA INC PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |