Pearson Family Foundationincorporated
- Assets
- $398.7k
- Revenue
- $55.5k
- Investments
- $390.6k
- Employees
- 0
- Location
- Midlothian, VA
- Founding
- 10/2008
- Data as of
- 12/2021
- EIN
- 20-8215845
Organization Overview
Pearson Family Foundationincorporated is located in Midlothian, VA. The organization was established in 2008. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pearson Family Foundationincorporated 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, Pearson Family Foundationincorporated generated $55.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $80.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Pearson Family Foundationincorporated has awarded 45 individual grants totaling $429,964. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn E Pearson Director | 1 | $0 | |
Christopher Pearson Director | 1 | $0 | |
Larry G Pearson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,813 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,056 |
| Capital Gain Net Income | $2,056 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,469 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,197 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $629 |
| Total operating and administrative expenses | $2,401 |
| Contributions, gifts, grants paid | $78,170 |
| Total expenses and disbursements | $80,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,027 |
| 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 | $373,900 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $398,664 |
| 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, Pearson Family Foundationincorporated has awarded $78,170 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Midlothian, VA PURPOSE: CONTINUE TO FUNDORGANIZATIONSPRIMARY STATED PURPOSE | $50,800 |
YLFR PURPOSE: CONTINUE TO FUNDORGANIZATIONS PRIMARY STATED PURPOSE | $15,000 |
ESPERANZA SHELTER SUPPORT PURPOSE: CONTINUE TO FUNDORGANIZATIONS PRIMARY STATED PURPOSE | $5,000 |
Richmond, VA PURPOSE: CONTINUE TO FUNDORGANIZATIONS PRIMARY STATED PURPOSE | $2,750 |
SPIDER ATHLETIC PURPOSE: CONTINUE TO FUNDORGANIZATIONSPRIMARY STATED PURPOSE | $2,500 |
Richmond, VA PURPOSE: CONTINUE TO FUNDORGANIZATIONSPRIMARY STATED PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Townebank Foundation Suffolk, VA | $12,218,911 | $5,948,178 |
Investigative Research Center Inc Arlington, VA | $96,743 | $0 |
Mesothelioma Applied Research Foundation Inc Washington, DC | $9,384,474 | $3,031,525 |
Cool Kids Campaign Foundation Inc Towson, MD | $935,182 | $1,348,951 |
24 Foundation Inc Charlotte, NC | $1,081,885 | $1,362,203 |
Lung Cancer Initiative Raleigh, NC | $1,367,824 | $941,380 |
Shallow Ford Foundation Inc Clemmons, NC | $16,710,912 | $2,245,323 |
Parkinson Foundation Of The National Capital Area Olney, MD | $3,654,969 | $1,520,537 |
Health First Americas Charities Chantilly, VA | $289,925 | $622,332 |
Glut1 Deficiency Foundation Inc Owingsville, KY | $447,949 | $776,976 |
Kendyl And Friends Foundation Inc Burgin, KY | $229,614 | $576,619 |
Cure Lbsl Arlington, VA | $444,924 | $599,293 |