Herschel C Price Educational Foundation
- Assets
- $3.0m
- Revenue
- $330.5k
- Investments
- $3.0m
- Employees
- 0
- Location
- Huntington, WV
- Founding
- 07/1976
- Data as of
- 04/2024
- EIN
- 55-6076719
Organization Overview
Herschel C Price Educational Foundation is located in Huntington, WV. The organization was established in 1976. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herschel C Price Educational 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 04/2024, Herschel C Price Educational Foundation generated $330.5k 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 (12.4%) each year. All expenses for the organization totaled $387.4k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Herschel C Price Educational Foundation has awarded 14 individual grants totaling $1,264,700. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS 44 RECIPIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 1 | $22,612 | |
Chandos Peak Trustee | 1 | $7,100 | |
Jonna Hughes Trustee | 1 | $18,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $69,541 |
| Dividends & Interest | $67,232 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $193,770 |
| Capital Gain Net Income | $193,770 |
| Net ST Capital Gain | $54 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $330,543 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,200 |
| Other employee salaries and wages | $7,100 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,337 |
| Total operating and administrative expenses | $54,949 |
| Contributions, gifts, grants paid | $332,500 |
| Total expenses and disbursements | $387,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,954 |
| Savings and temporary cash investments | -$374,224 |
| 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 | $3,040,177 |
| 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, Herschel C Price Educational Foundation has awarded $332,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED SCHEDULE PURPOSE: SCHOLARSHIPS | $331,000 |
BIG GREEN SCHOLARSHIP FOUNDATION PURPOSE: SCHOLARSHIPFUND | $1,500 |
THE MARSHALL UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIP FUND | $0 |
THE CAIRO ALUMNI SCHOLARSHIP FUND PURPOSE: SCHOLARSHIPFUND | $0 |