P & B Foundation
- Assets
- $8.6m
- Revenue
- $794.9k
- Investments
- $8.2m
- Employees
- 0
- Location
- Matthews, NC
- Founding
- 02/1971
- Data as of
- 08/2023
- EIN
- 23-7083912
Organization Overview
P & B Foundation is located in Matthews, NC. The organization was established in 1971. 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. P & B 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 08/2023, P & B Foundation generated $794.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 54.0% each year . All expenses for the organization totaled $507.6k during the year ending 08/2023. While expenses have increased by 10.3% per year over the past 4 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, P & B Foundation has awarded 46 individual grants totaling $1,138,630. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry C Pratt President/se | 40 | $105,780 | |
Barry Shearer Director | 0 | $300 | |
Kevin Frye V. Pres | 0 | $300 | |
Tommy Abernethy Director | 0 | $300 | |
Mark Hudson Director | 0 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $301,000 |
| Interest on Savings | $56 |
| Dividends & Interest | $214,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $135,640 |
| Capital Gain Net Income | $135,640 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $143,440 |
| Total Revenue | $794,894 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $106,980 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,268 |
| Interest | $0 |
| Taxes | $2,685 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,635 |
| Printing and publications | $0 |
| Other expenses | -$3,427 |
| Total operating and administrative expenses | $188,779 |
| Contributions, gifts, grants paid | $318,830 |
| Total expenses and disbursements | $507,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,280 |
| Savings and temporary cash investments | $344,021 |
| 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 | $69,534 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,624 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,167,963 |
| Net Land, buildings, and equipment | $804 |
| Other assets | $0 |
| Total assets | $8,593,226 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $58,256 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $58,256 |
Grants Awarded
Over the last fiscal year, P & B Foundation has awarded $318,830 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST MID MISSION PURPOSE: RELIGIOUS | $114,553 |
BAPTIST INTERNATIONAL MISSIONS PURPOSE: RELIGIOUS | $52,000 |
BAPTIST WORLD MISSION PURPOSE: RELIGIOUS | $30,752 |
CALVARY BAPTIST CHURCH & MINISTRIES PURPOSE: RELIGIOUS | $3,000 |
MT ABARIUM BAPTIST PURPOSE: RELIGIOUS | $22,500 |
INDEPENDENT BAPTIST MISSION GLOBAL PURPOSE: RELIGIOUS | $9,000 |