Psalm 103 Foundation
- Assets
- $0.0
- 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. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $12.5m during the year ending 09/2021. While expenses have increased by 16.2% 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 177 individual grants totaling $36,500,553. 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 |
|---|---|---|---|
Heather Templeton Dill Trustee, President | 1 | $0 | |
Jennifer Templeton Simpson Trustee, VP | 1 | $0 | |
Jeff Dill Trustee, Treasurer | 1 | $0 | |
Scott Simpson Trustee, Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alliancebernstein Lp | 9/29/22 | $107,965 |
Dechert Llp | 9/29/22 | $62,585 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,389,274 |
| Interest on Savings | $9,826 |
| Dividends & Interest | $3,091,687 |
| Profit on Inventory Sales | $0 |
| Other Income | $431,845 |
| Total Revenue | $27,511,030 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| 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 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,166,914 |
| Other assets | $9,346,977 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Psalm 103 Foundation has awarded $5,592,019 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
A HAVEN PURPOSE: DEVELOPMENT DIRECTOR | $48,000 |
ACTON INSTITUTE PURPOSE: RENEWED POVERTY PROGRAM | $50,000 |
ACSI EDUCATION FOUNDATION PURPOSE: 3C PROJECT | $164,000 |
AFRICAN MISSION HEALTHCARE FOUNDATION PURPOSE: SAFE ANESTEHSIA AND SURGERY FOR CHILDREN IN AFRICA | $234,032 |
BAKER INDUSTRIES INC PURPOSE: GENERAL FUND | $20,000 |
AMERICAN TRAUMA SOCIETY PA DIV PURPOSE: GENERAL FUND AND PA STOP THE BLEED EDUCATION INITIATIVE | $225,000 |