Preuss Foundation Inc
- Assets
- $52.6k
- Revenue
- $389.2k
- Investments
- $0.0
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 05/1985
- Data as of
- 12/2021
- 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 12/2021, Preuss Foundation Inc generated $389.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $371.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) 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 |
|---|---|---|---|
Farnaz Alavikia Dir Of Admin | 24 | $40,560 | |
Meredith Austin Dir Of Finance | 24 | $37,570 | |
Peter J Preuss Vice President | 1 | $0 | |
Peggy L Preuss Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $389,238 |
| 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 | $389,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,300 |
| Other employee salaries and wages | $81,788 |
| Pension plans, employee benefits | $83,026 |
| Interest | $0 |
| Taxes | $6,919 |
| Depreciation | $1,571 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,138 |
| Total operating and administrative expenses | $195,667 |
| Contributions, gifts, grants paid | $175,500 |
| Total expenses and disbursements | $371,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,784 |
| 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 | $0 |
| 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 | $4,443 |
| Other assets | $4,085 |
| Total assets | $52,594 |
| 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 $175,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA SAN DIEGO FOUNDATION PURPOSE: SUPPORT OF ACADEMIC PROGRAMS AND MEDICAL RESEARCH. | $100,000 |
Tucson, AZ PURPOSE: SUPPORT FOR MEDICAL RESEARCH | $40,000 |
San Diego, CA PURPOSE: SUPPORT FOR SCIENTIFIC EDUCATION | $25,000 |
Palo Alto, CA PURPOSE: SUPPORT FOR CHILD AND MATERNAL HEALTH | $9,000 |
OBERWOLFACH STIFTUNG PURPOSE: SUPPORT FOR MATHEMATIC RESEARCH | $1,500 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Preuss Foundation Inc has recieved totaling $388,158.
| Awarding Organization | Amount |
|---|---|
The Preuss Family Foundation Inc La Jolla, CA PURPOSE: TO SUPPORT CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, ESPECIALLY TO PROMOTE BRAIN TUMOR RESEARCH. | $160,000 |
The Preuss Family Foundation Inc La Jolla, CA PURPOSE: TO SUPPORT CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, ESPECIALLY TO PROMOTE BRAIN TUMOR RESEARCH. | $30,163 |
The Preuss Family Foundation Inc La Jolla, CA PURPOSE: TO SUPPORT CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, ESPECIALLY TO PROMOTE BRAIN TUMOR RESEARCH. | $30,147 |
The Preuss Family Foundation Inc La Jolla, CA PURPOSE: TO SUPPORT CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, ESPECIALLY TO PROMOTE BRAIN TUMOR RESEARCH. | $30,000 |
The Preuss Family Foundation Inc La Jolla, CA PURPOSE: TO SUPPORT CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, ESPECIALLY TO PROMOTE BRAIN TUMOR RESEARCH. | $29,608 |
The Preuss Family Foundation Inc La Jolla, CA PURPOSE: TO SUPPORT CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, ESPECIALLY TO PROMOTE BRAIN TUMOR RESEARCH. | $29,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |