Pearce Family Foundation
- Assets
- $321.6k
- Revenue
- $353.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Scottsdale, AZ
- Founding
- 04/2014
- Data as of
- 12/2022
- EIN
- 35-2485098
Organization Overview
Pearce Family Foundation is located in Scottsdale, AZ. The organization was established in 2014. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2022, Pearce Family Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pearce Family 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, Pearce Family Foundation generated $353.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $281.8k during the year ending 12/2022. While expenses have increased by 11.5% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PEARCE FAMILY FOUNDATION IS A PUBLIC 501 C3 NON-PROFIT CHARITY THAT EXISTS TO PROVIDE NEEDED FINANCIAL ASSISTANCE, MOBILIZE RESOURCES AND ENGAGE THE COMMUNITY TO SUPPORT FAMILIES WITH A CHILD FACING A CHRONIC OR LIFE-THREATENING ILLNESS. ALL PROCEEDS RAISED BENEFIT THE PEARCE FAMILY FOUNDATION'S MAIN INITIATIVE, ANGELS AROUND US OF AZ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANGELS AROUND US OF ARIZONA, IS THE PEARCE FAMILY FOUNDATIONS MAIN INITIATIVE, AND HELPS FAMILIES WHO HAVE A CHILD SUFFERING FROM A CHRONIC OR LIFE THREATENING ILLNESS. ANGELS AROUND US HAS BEEN CREATED TO MAKE THE COMMUNITY AWARE THAT, THE DIAGNOSIS IS JUST THE BEGINNING. WE EXIST TO PROVIDE NEEDED FINANCIAL ASSISTANCE, MOBILIZE RESOURCES AND TO ENGAGE THE COMMUNITY TO HELP SUPPORT FAMILIES AS PART OF ANGELS AROUND US. THE PEARCE FAMILY FOUNDATION HAS A COMMITTEE THAT WILL SELECT FAMILIES WHO MEET THE REQUIREMENTS OF BEING A PART OF ANGELS AROUND US. THE FUNDS WILL BE RAISED THROUGH EVENTS WITHIN OUR COMMUNITY AS WELL AS DONATIONS. ANGELS AROUND US HOPES TO RELIEVE STRESS THE FAMILY MAY BE FACING SO THE MAIN FOCUS WILL BE ON THEIR CHILDS JOURNEY TO GET WELL. FINANCIAL ASSISTANCE MAY INCLUDE: RENT/MORTGAGE PAYMENTS, TRANSPORTATION NEEDS, AUTO REPAIR/CAR PAYMENTS, HOUSEKEEPING SERVICES, DAYCARE FOR OTHER SIBLINGS, PET SITTING SERVICES, GROCERIES.
ANGEL PUPS IS SIMILAR TO THEIR OTHER GRANT PROGRAM BUT THIS ONE HELPS FINANCIALLY PAY FOR A SERVICE DOG FOR CHILDREN IN NEED OF ONE. NORMAL LIFE IS A DISTANT MEMORY TO THESE FAMILIES AND NEED THE COMMUNITIES AND THE PEARCE FAMILY FOUNDATIONS ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Alfonso CEO | OfficerTrustee | 40 | $65,417 |
Megan Oleno Foundation Mgr. | Officer | 40 | $39,539 |
Maria Cox Treasurer | Trustee | 2 | $0 |
Barbara Merideth Secretary | Trustee | 2 | $0 |
Eric Kaitz Director | Trustee | 2 | $0 |
Jim Schaller Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $330,451 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,451 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,147 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,199 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,956 |
| Compensation of current officers, directors, key employees. | $16,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,942 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,374 |
| Payroll taxes | $9,841 |
| Fees for services: Management | $1,365 |
| Fees for services: Legal | $753 |
| Fees for services: Accounting | $6,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,101 |
| Office expenses | $6,994 |
| Information technology | $285 |
| Royalties | $0 |
| Occupancy | $57,254 |
| Travel | $310 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,312 |
| All other expenses | $0 |
| Total functional expenses | $281,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,913 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,544 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,192 |
| Total assets | $321,649 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,515 |
| Total liabilities | $1,515 |
| Net assets without donor restrictions | $320,134 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $321,649 |