Presser Foundation
- Assets
- $72.8m
- Revenue
- $9.5m
- Investments
- $71.5m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 08/1938
- Data as of
- 06/2022
- EIN
- 23-2164013
Organization Overview
Presser Foundation is located in Philadelphia, PA. The organization was established in 1938. 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. Presser 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 06/2022, Presser Foundation generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 1.9% 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 2015, Presser Foundation has awarded 3,302 individual grants totaling $38,259,908. 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 |
|---|---|---|---|
Jeffrey Cornelius President | 2 | $0 | |
William B Mclaughlin III Vice President | 2 | $0 | |
Ellen Rosen Treasurer | 2 | $0 | |
Mary Jane Bobyock Trustee | 2 | $0 | |
Peter Burwasser Trustee | 2 | $0 | |
Rollo Dilworth Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,252 |
| Dividends & Interest | $1,474,311 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,010,419 |
| Capital Gain Net Income | $8,010,419 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,000 |
| Total Revenue | $9,505,982 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $131,165 |
| Depreciation | $0 |
| Occupancy | $12,948 |
| Travel, conferences, and meetings | $13,212 |
| Printing and publications | $0 |
| Other expenses | $33,659 |
| Total operating and administrative expenses | $464,076 |
| Contributions, gifts, grants paid | $3,243,810 |
| Total expenses and disbursements | $3,707,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $814,102 |
| Savings and temporary cash investments | $418,423 |
| 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 | $43,234 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $72,800,462 |
| Accounts payable and accrued expenses | $47,145 |
| Grants payable | $1,324,409 |
| 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 | $1,371,554 |
Grants Awarded
Over the last fiscal year, Presser Foundation has awarded $8,654,722 in support to 838 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS PURPOSE: ASSISTANCE TO MUSIC TEACHERS | $147,561 |
VARIOUS PURPOSE: ASSISTANCE TO MUSIC TEACHERS | $147,561 |
Philadelphia, PA PURPOSE: CAPITAL SUPPORT | $110,000 |
Philadelphia, PA PURPOSE: CAPITAL SUPPORT | $110,000 |
LIVECONNECTIONS DBA WORLD CAFE LIVE PURPOSE: CAPITAL SUPPORT | $100,000 |
Kutztown, PA PURPOSE: CAPITAL SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |