Jean Perkins Foundation
- Assets
- $72.0m
- Revenue
- $8.6m
- Investments
- $71.5m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 02/1991
- Data as of
- 12/2023
- EIN
- 33-0436485
Organization Overview
Jean Perkins Foundation is located in Las Vegas, NV. The organization was established in 1991. 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. Jean Perkins 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, Jean Perkins Foundation generated $8.6m 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 (12.6%) each year. All expenses for the organization totaled $7.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jean Perkins Foundation has awarded 94 individual grants totaling $20,706,128. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caitlin Bell Carroll Director | 40 | $148,500 | |
Cindy Connolly Director | 40 | $39,600 | |
Cynthia Sprague Connolly Director | 2 | $0 | |
J Joe Connolly Financial Officer | 40 | $39,600 | |
James Carroll III President & CEO | 40 | $439,990 | |
R Joseph Hull Director | 40 | $39,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,754,968 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,841,500 |
| Capital Gain Net Income | $5,841,500 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,308 |
| Total Revenue | $8,612,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $707,290 |
| Other employee salaries and wages | $149,230 |
| Pension plans, employee benefits | $176,933 |
| Interest | $0 |
| Taxes | $119,258 |
| Depreciation | $2,482 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $18,752 |
| Printing and publications | $0 |
| Other expenses | $64,083 |
| Total operating and administrative expenses | $2,207,900 |
| Contributions, gifts, grants paid | $5,184,218 |
| Total expenses and disbursements | $7,392,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $457,231 |
| 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 | $19,923,934 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $63,532 |
| Total assets | $72,014,182 |
| 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 | $10,873 |
| Total liabilities | $10,873 |
Grants Awarded
Over the last fiscal year, Jean Perkins Foundation has awarded $5,184,218 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BEL AIR BAY CLUB PURPOSE: TO PROVIDE FUNDING FOR THE EMPLOYEE SCHOLARSHIP FUND | $25,000 |
CHILDREN'S HOSPITAL OF LOS ANGELES PURPOSE: TO SUPPORT THE HOSPITAL'S CBDI PROGRAM | $300,000 |
CHIPS VISION TO LEARN PURPOSE: TO SUPPORT THE NONPROFIT'S VISION TO LEARN PROGRAM | $42,000 |
FOUNDATION FOR WOMEN WARRIORS PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION OF IMPROVING THE LIVES OF FEMALE VETERANS | $200,000 |
HARVEY MUDD COLLEGE PURPOSE: TO SUPPORT THE COLLEGE'S MISSION TO EDUCATE ENGINEERS, SCIENTISTS, AND MATHEMATICIANS | $175,000 |
HENRY M JACKSON FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S MEDICAL RESEARCH PROGRAM AROUND TRAUMATIC BRAIN INJURY | $168,122 |