Francis J Pruss Education Tr
- Assets
- $0.0
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Robins, IA
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 38-6890877
Organization Overview
Francis J Pruss Education Tr is located in Robins, IA. The organization was established in 2012. 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. Francis J Pruss Education Tr 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, Francis J Pruss Education Tr generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 70.2% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Francis J Pruss Education Tr has awarded 85 individual grants totaling $4,903,321. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISTRIBUTES ITS NET INCOME TO FIVE COLLEGES 40 TO KIRKWOOD CC 30 TO MOUNT MERCY AND 10 EACH TO COE EASTERN MICH UNIV & UNIV OF MICHIGAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon R Taylor Co-Trustee | 5 | $115,848 | |
Lisa Fenner Co-Trustee | 0 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $268 |
| Dividends & Interest | $0 |
| Net Rental Income | $6,864 |
| Net Gain on Sale of Assets | $1,146,035 |
| Capital Gain Net Income | $1,146,035 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,155,473 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,848 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,074 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22 |
| Total operating and administrative expenses | $149,391 |
| Contributions, gifts, grants paid | $2,485,495 |
| Total expenses and disbursements | $2,634,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Francis J Pruss Education Tr has awarded $2,485,495 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KIRKWOOD COMMUNITY COLLEGE PURPOSE: EDUCATIONAL | $994,198 |
COE COLLEGE PURPOSE: EDUCATIONAL | $248,550 |
MT MERCY UNIVERSITY PURPOSE: EDUCATIONAL | $745,648 |
REGENTS OF UNIV OF MICHIGAN PURPOSE: EDUCATIONAL | $248,549 |
EASTERN MICHIGAN UNIVERSITY PURPOSE: EDUCATIONAL | $248,550 |