Psalm 103 Foundation
- Assets
- $127.9m
- Revenue
- $27.5m
- Investments
- $116.5m
- Employees
- 0
- Location
- Honey Brook, PA
- Founding
- 06/1988
- Data as of
- 09/2021
- EIN
- 23-2500843
Organization Overview
Psalm 103 Foundation is located in Honey Brook, PA. The organization was established in 1988. 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. Psalm 103 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 09/2021, Psalm 103 Foundation generated $27.5m in total revenue. All expenses for the organization totaled $12.5m during the year ending 09/2021. While expenses have increased by 170.8% per year over the past 3 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 2020, Psalm 103 Foundation has awarded 88 individual grants totaling $23,072,898. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Simpson Trustee, Secretary | 1 | $0 | |
Jeff Dill Trustee, Treasurer | 1 | $0 | |
Heather Templeton Dill Trustee, President | 1 | $0 | |
Jennifer Templeton Simpson Trustee, VP | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 9/29/21 | $116,568 |
Alliancebernstein Lp | 9/29/21 | $76,980 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,389,274 |
| Interest on Savings | $9,826 |
| Dividends & Interest | $3,091,687 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,588,398 |
| Capital Gain Net Income | $7,591,166 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $431,845 |
| Total Revenue | $27,511,030 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $8,556 |
| Pension plans, employee benefits | $0 |
| Interest | $341 |
| Taxes | $102,413 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,064 |
| Total operating and administrative expenses | $386,917 |
| Contributions, gifts, grants paid | $12,079,396 |
| Total expenses and disbursements | $12,466,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,218,617 |
| Savings and temporary cash investments | $829,349 |
| 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 | $1,166,914 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,346,977 |
| Total assets | $127,867,356 |
| 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, Psalm 103 Foundation has awarded $15,939,498 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
DELAWARE COUNTY CHRISTIAN SCHOOL FOUNDATION PURPOSE: GENERAL FUND - THE FUND FOR DC | $7,453,998 |
St Davids, PA PURPOSE: TEMPLETON HONORS COLLEGE | $2,750,000 |
UNITED WAY PURPOSE: PROVERTY ACTION FUND | $1,000,000 |
DELAWARE COUNTY CHRISTIAN SCHOOL FOUNDATION PURPOSE: GENERAL FUND - THE FUND FOR DC | $646,002 |
St Davids, PA PURPOSE: TEMPLETON HONORS COLLEGE AND WORKMAN HALL EXPANSION | $600,000 |
DeLand, FL PURPOSE: OXYGEN SUPPLY IN AFRICA | $529,568 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |