Preuss Foundation Inc
- Assets
- $32.9k
- Revenue
- $290.5k
- Investments
- $0.0
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 05/1985
- Data as of
- 12/2022
- EIN
- 33-0085513
Organization Overview
Preuss Foundation Inc is located in La Jolla, CA. The organization was established in 1985. 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. Preuss 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 12/2022, Preuss Foundation Inc generated $290.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $310.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter G Preuss President | 1 | $1,300 | |
Peggy L Preuss Secretary | 1 | $0 | |
Peter J Preuss Vice President | 1 | $0 | |
Farnaz Alavikia Dir Of Admin | 24 | $42,318 | |
Meredith Austin Dir Of Finance | 24 | $37,570 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $290,513 |
| Interest on Savings | $0 |
| 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 | $290,513 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,300 |
| Other employee salaries and wages | $81,708 |
| Pension plans, employee benefits | $83,002 |
| Interest | $0 |
| Taxes | $7,195 |
| Depreciation | $1,852 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,297 |
| Total operating and administrative expenses | $198,098 |
| Contributions, gifts, grants paid | $112,120 |
| Total expenses and disbursements | $310,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,803 |
| Savings and temporary cash investments | $0 |
| 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 | $3,840 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,282 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,879 |
| Other assets | $4,085 |
| Total assets | $32,889 |
| 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, Preuss Foundation Inc has awarded $112,120 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OBERWOLFACH STIFTUNG PURPOSE: SUPPORT FOR MATHEMATIC RESEARCH | $12,120 |
UNIVERSITY OF CALIFORNIA SAN DIEGO FOUNDATION PURPOSE: SUPPORT OF ACADEMIC PROGRAMS AND MEDICAL RESEARCH. | $100,000 |