Price Foundation Charitable Trust
- Assets
- $247.7k
- Revenue
- $135.9k
- Investments
- $128.5k
- Employees
- 0
- Location
- Grafton, WI
- Founding
- 02/2006
- Data as of
- 12/2021
- EIN
- 20-6765721
Organization Overview
Price Foundation Charitable Trust is located in Grafton, WI. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Price Foundation 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 12/2021, Price Foundation Charitable Trust generated $135.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.4% each year . All expenses for the organization totaled $60.6k during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 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 2015, Price Foundation Charitable Trust has awarded 64 individual grants totaling $460,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRICE FOUNDATION CHARITABLE TRUST WILL ENGAGE IN ACTIVITIES THAT PROVIDE FOR THE ADVANCEMENT OF EDUCATION BY AWARDING SCHOLARSHIPS TO STUDENTS WHO MEET THE ACADEMIC REQUIREMENTS OF A SELECTED SCHOOL. IT IS THE INTENTION OF THE FOUNDATION TO PRIMARILY AWARD SCHOLARSHIP MONEY TO INSTITUTIONS DESIGNATED BY THE TRUST
(I.E., PRIMARILY SUCH INSTITUTIONS THAT ARE AFFILIATED WITH THE ARCHDIOCESE OF MILWAUKEE) OR INDIVIDUALS AND THAT SAID INSTITUTIONS SHALL MAKE THE DECISION AND DETERMINATION AS TO WHICH STUDENTS SHALL RECEIVE AND UTILIZE SCHOLARSHIP MONIES. THE TRUST MAY ALSO AWARD INDIVIDUAL SCHOLARSHIPS ON A CASE BY CASE BASIS.
DETERMINATION OF SCHOLARSHIP AWARDS VIA EDUCATIONAL INSTITUTIONS OR INDIVIDUALS WILL BE DETERMINED THROUGH NOMINATION AND VOTE OF THE TRUSTEES. APPROVED AWARDS WILL BE DOCUMENTED VIA MINUTES OF TRUSTEE MEETINGS. TRUSTEES WILL REQUIRE PERIODIC OR FINAL CONFIRMATION OF THE USE OF THE RESOURCES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith A Price Trustee | 0.1 | $0 | |
Bruce L Price Trustee | 0.1 | $0 | |
Jacqueline Alt Trustee | 0.05 | $0 | |
FR Michael Barrett Trustee | 0.05 | $0 | |
Thomas G Schendt Trustee | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $95,000 |
| Interest on Savings | $5 |
| Dividends & Interest | $4,196 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,698 |
| Capital Gain Net Income | $36,698 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $135,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $557 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5 |
| Total operating and administrative expenses | $562 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $60,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $119,180 |
| 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 | $0 |
| Total assets | $247,717 |
| 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, Price Foundation Charitable Trust has awarded $60,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DIVINE SAVIOR HOLY ANGELS PURPOSE: EDUCATION | $15,000 |
DOMINICAN HIGH SCHOOL PURPOSE: EDUCATION | $10,000 |
Milwaukee, WI PURPOSE: EDUCATION | $10,000 |
Milwaukee, WI PURPOSE: EDUCATION | $5,000 |
ST LAWRENCE SEMINARY PURPOSE: EDUCATION | $5,000 |
MESSMER HIGH SCHOOL PURPOSE: EDUCATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |