Psalms Foundation
- Assets
- $460.2k
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 03/1995
- Data as of
- 12/2023
- EIN
- 31-1404734
Organization Overview
Psalms Foundation is located in Cincinnati, OH. The organization was established in 1995. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Psalms 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 12/2023, Psalms Foundation generated $5.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Psalms Foundation has awarded 139 individual grants totaling $25,505,490. 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 |
|---|---|---|---|
Carl H Lindner III Pres/treas/trustee | 3 | $0 | |
Martha S Lindner Vp/secretary/trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000,109 |
| Interest on Savings | $10,630 |
| Dividends & Interest | $1,283,364 |
| 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 | $5,294,103 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $26,662 |
| Contributions, gifts, grants paid | $1,070,000 |
| Total expenses and disbursements | $1,096,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $460,209 |
| 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 | $460,209 |
| 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, Psalms Foundation has awarded $1,070,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ACCELERATE GREAT SCHOOLS PURPOSE: GREAT SCHOOLS FOR ALL KIDS CAMPAIGN | $200,000 |
CAMPUS CRUSADE FOR CHRIST PURPOSE: LARRY AND DEBBY THOMPSON SUPPORT | $20,000 |
FC CINCINNATI FOUNDATION PURPOSE: GENERAL FUND | $200,000 |
JOHN F KENNEDY CENTER FOR THE PERFORMING ARTS PURPOSE: GENERAL FUND | $300,000 |
UNIVERSITY OF CINCINNATI FOUNDATION PURPOSE: NIPPERT STADIUM EXPANSION FUND & MATTHEW B LINDNER AND MICHAEL PRIVITERA, MD ENDOWED CHAIR OF THE UC EPILEPSY CENTER FUND | $350,000 |