Psalms Foundation
- Assets
- $2.7m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 03/1995
- Data as of
- 12/2021
- 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 12/2021, Psalms Foundation generated $10.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 11.4% 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 2015, Psalms Foundation has awarded 113 individual grants totaling $19,830,490. 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. | 3 | $0 | |
Martha S Lindner Vp, Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,500,066 |
| Interest on Savings | $124 |
| Dividends & Interest | $3,277,656 |
| 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 | $10,777,846 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $5,209 |
| Contributions, gifts, grants paid | $5,153,363 |
| Total expenses and disbursements | $5,158,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,676,117 |
| 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 | $2,676,117 |
| 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 $5,153,363 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL FUND | $1,000,125 |
COLUMBIA UNIVERSITY PURPOSE: HUMAN PERFORMANCE LAB INITIATIVE IN SPINE SURGERY FUND | $750,073 |
Cincinnati, OH PURPOSE: CARL H. LINDNER COLLEGE OF BUSINESS BUILDING FUND | $500,000 |
Mason, OH PURPOSE: GENERAL FUND | $350,023 |
WORLD SPORTS INC PURPOSE: GENERAL FUND | $300,055 |
Alpharetta, GA PURPOSE: GENERAL FUND | $250,088 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH | $181,897,996 | $22,134,878 |
The@joseph And Florence Mandel Family Foundation-Michele M And Cleveland, OH | $143,259,703 | $19,572,691 |
Psalms Foundation Cincinnati, OH | $2,676,117 | $10,777,846 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
Charity Motors Inc Detroit, MI | $2,508,278 | $4,106,535 |
Philanthropy Network Greater Philadelphia Philadelphia, PA | $1,306,274 | $3,056,265 |
The Grantmakers Of Western Pennsyl Vania Pittsburgh, PA | $3,601,911 | $2,093,159 |
Detroit Association Of Black Organizations Dabo Inc Detroit, MI | $174,773 | $1,935,579 |
Veterans Outreach Youngstown, OH | $937,209 | $2,263,977 |
New Life Thrift Inc Glenside, PA | $1,745,552 | $2,183,383 |
Detroit Lions Charities Allen Park, MI | $661,259 | $1,820,325 |