Primerica Foundation Inc
- Assets
- $490.2k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, GA
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 27-4689647
Organization Overview
Primerica Foundation Inc is located in Duluth, GA. The organization was established in 2011. 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. Primerica Foundation Inc 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 12/2021, Primerica Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 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 2014, Primerica Foundation Inc has awarded 431 individual grants totaling $9,579,000. 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 |
|---|---|---|---|
Kathryn Kieser Chairman & President | 10 | $0 | |
Anne Soutter Vice Chairman, VP | 30 | $0 | |
Margaret Halbert Secretary | 25 | $0 | |
William J Nemetz Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,602,260 |
| Interest on Savings | $262 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,602,522 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,381 |
| Total operating and administrative expenses | $26,859 |
| Contributions, gifts, grants paid | $1,421,000 |
| Total expenses and disbursements | $1,447,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $490,244 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $490,244 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $200,000 |
| 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 | $200,000 |
Grants Awarded
Over the last fiscal year, Primerica Foundation Inc has awarded $1,521,000 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF GREATER ATLANTA PURPOSE: CHILD WELL-BEING COMMUNITY PROGRAMS; GRIP; HOMEFIRST GWINNETT | $185,000 |
Atlanta, GA PURPOSE: STATE 3DE IMMERSIVE EDUCATION EXPANSION PROGRAM | $100,000 |
Atlanta, GA PURPOSE: EMERGENCY FOOD DISTRIBUTION AND CAPACITY FOR FOOD AGENCIES | $75,000 |
GWINNETT COALITION PURPOSE: TO SUPPORT THE COMMUNITY HELPLINE, VETERANS RESOURCE CENTER, AND MENTAL RESILIENCY COMMUNITY PROGRAM | $70,000 |
JUNIOR ACHIEVEMENT PURPOSE: JUNIOR ACHIEVEMENT FINANCE PARK AND NORCROSS HIGH SCHOOL CASE CHALLENGE | $50,000 |
FEEDING AMERICA PURPOSE: EMERGENCY FOOD DISTRIBUTION AND CAPACITY FOR FOOD AGENCIES IN US | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |