Pack Foundation
- Assets
- $5.2m
- Revenue
- $327.1k
- Investments
- $2.6m
- Employees
- 0
- Location
- Henderson, NV
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 31-1621613
Organization Overview
Pack Foundation is located in Henderson, NV. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pack 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 12/2022, Pack Foundation generated $327.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $258.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Pack Foundation has awarded 43 individual grants totaling $950,303. 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 |
|---|---|---|---|
R Michael Pack Trustee | 1 | $0 | |
Christine Pack Trustee | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $69 |
| Dividends & Interest | $66,435 |
| Net Rental Income | $209,069 |
| Net Gain on Sale of Assets | $307 |
| Capital Gain Net Income | $307 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $327,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,058 |
| Depreciation | $17,838 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,858 |
| Total operating and administrative expenses | $61,233 |
| Contributions, gifts, grants paid | $197,344 |
| Total expenses and disbursements | $258,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $184,279 |
| Net Accounts receivable | $180,523 |
| 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 | $2,190,895 |
| Other assets | $0 |
| Total assets | $5,164,479 |
| 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, Pack Foundation has awarded $197,344 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ASPEN INSTITUTE PURPOSE: LEADERSHIP PROGRAM | $3,500 |
BOYS & GIRLS CLUBS PURPOSE: YOUTH CARE/EDUCATION PROGRAMS | $15,000 |
ALPHA PROJECT FOR THE HOMELESS PURPOSE: GENERAL | $5,000 |
BROADWAY SAN DIEGO PURPOSE: GENERAL | $1,844 |
CAMPANILE FOUNDATION PURPOSE: SCHOLARSHIP PROGRAMS | $105,000 |
HOME START PURPOSE: REHOUSING SUPPORT FOR HOMELESS | $12,000 |