Prior Family Foundation
- Assets
- $9.4m
- Revenue
- $259.1k
- Investments
- $9.3m
- Employees
- 0
- Location
- St Thomas, VI
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 20-6975076
Organization Overview
Prior Family Foundation is located in St Thomas, VI. The organization was established in 2008. 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. Prior Family Foundation 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, Prior Family Foundation generated $259.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $538.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Prior Family Foundation has awarded 861 individual grants totaling $9,912,055. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $259,099 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $259,099 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $35,335 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $53,835 |
| Contributions, gifts, grants paid | $484,900 |
| Total expenses and disbursements | $538,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,738 |
| 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 | $0 |
| Total assets | $9,377,478 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $4,285,941 |
| Mortgages and other notes payable | $993,444 |
| Other liabilities | $0 |
| Total liabilities | $5,279,385 |
Grants Awarded
Over the last fiscal year, Prior Family Foundation has awarded $484,900 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE HILL MEMORIAL HOSP FOUND PURPOSE: 2ND PLEDGE | $250,000 |
MY BROTHERS WORKSHOP PURPOSE: NEW CAMPUS PLEDGE | $125,000 |
HARTFORD INTL UNIV PURPOSE: GENERAL FUND | $20,000 |
GREGORIAN UNIV FOUND PURPOSE: GENERAL FUND | $18,000 |
St Thomas, VI PURPOSE: GENERAL FUND | $10,000 |
COLLEGE OF HOLY CROSS PURPOSE: GENERAL FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of The Virgin Islands Inc St Thomas, VI | $18,108,646 | $4,188,957 |
Ys Kim Foundation Inc St Thomas, VI | $44,300 | $890,503 |
Prior Family Foundation St Thomas, VI | $9,377,478 | $259,099 |
Leaders Branch St Thomas, VI | $55,854 | $55,052 |
Sidney Lee Dream Foundation Inc Christiansted, VI | $0 | $0 |
Richard Hill Lambertsen Foundation Christiansted, VI | $38,452 | $130 |
Gratitude America Ltd St Thomas, VI | $8,175,884 | $0 |