P & B Foundation
- Assets
- $8.5m
- Revenue
- -$2.7k
- Investments
- $8.0m
- Employees
- 0
- Location
- Matthews, NC
- Founding
- 02/1971
- Data as of
- 08/2022
- 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 08/2022, P & B Foundation generated -$2.7k in total revenue. All expenses for the organization totaled $563.0k during the year ending 08/2022.
Since 2020, P & B Foundation has awarded 40 individual grants totaling $992,792. 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 |
|---|---|---|---|
Larry C Pratt President/se | 40 | $101,947 | |
Barry Shearer Director | 0 | $600 | |
Kevin Frye V. Pres | 0 | $600 | |
Tommy Abernethy Director | 0 | $600 | |
Mark Hudson Director | 0 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,335 |
| Interest on Savings | $124 |
| Dividends & Interest | $252,775 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$252,737 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$24,224 |
| Total Revenue | -$2,727 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $104,047 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,268 |
| Interest | $0 |
| Taxes | $1,148 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,576 |
| Printing and publications | $0 |
| Other expenses | -$3,750 |
| Total operating and administrative expenses | $189,622 |
| Contributions, gifts, grants paid | $373,366 |
| Total expenses and disbursements | $562,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,630 |
| Savings and temporary cash investments | $413,020 |
| 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 | $37,319 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,439 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,984,393 |
| Net Land, buildings, and equipment | $804 |
| Other assets | $0 |
| Total assets | $8,465,605 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $208,256 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $208,256 |
Grants Awarded
Over the last fiscal year, P & B Foundation has awarded $373,366 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST MID MISSION PURPOSE: RELIGIOUS | $109,283 |
Harrison, TN PURPOSE: RELIGIOUS | $88,750 |
CENTRAL MISSIONARY CLEARINGHOUSE PURPOSE: RELIGIOUS | $37,000 |
BAPTIST WORLD MISSION PURPOSE: RELIGIOUS | $35,348 |
BAPTIST INT'L EVG MINISTRIES PURPOSE: RELIGIOUS | $27,200 |
MISSIOSERVE PURPOSE: RELIGIOUS | $14,450 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that P & B Foundation has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Liberty University Inc Lynchburg, VA PURPOSE: GLOBAL MISSIONS | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |