Pratt Fam Foundation
- Assets
- $428.9k
- Revenue
- $81.9k
- Investments
- $379.2k
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2005
- Data as of
- 12/2023
- EIN
- 57-1199441
Organization Overview
Pratt Fam Foundation is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Pratt Fam 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, Pratt Fam Foundation generated $81.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $74.0k during the year ending 12/2023. While expenses have increased by 6.3% per year over the past 9 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.
Since 2015, Pratt Fam Foundation has awarded 61 individual grants totaling $571,450. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Pratt President | 1 | $0 | |
Bonnie Johnson Vice President | 1 | $0 | |
Lindsay Pratt Secretary | 1 | $0 | |
William Pratt Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,610 |
| Interest on Savings | $151 |
| Dividends & Interest | $21,175 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,493 |
| Capital Gain Net Income | $44,493 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,497 |
| Total Revenue | $81,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,772 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $170 |
| Total operating and administrative expenses | $16,382 |
| Contributions, gifts, grants paid | $57,600 |
| Total expenses and disbursements | $73,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,582 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $6,084 |
| 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 | $428,876 |
| 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, Pratt Fam Foundation has awarded $57,600 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CITY GARDENS CLUB OF NYC PURPOSE: CHARITABLE CONTRIBUTION - TO FOSTER AN APPRECIATION OF NATURE AND TO ENCOURAGE THE CREATION, RESTORATION AND PRESERVATION OF GREEN SPACES THROUGHOUT THE CITY | $1,000 |
COVENANT BALLET THEATRE OF BROOKLYN PURPOSE: CHARITABLE CONTRIBUTION - TO PROVIDE AN EXCELLENT LOCAL ALTERNATIVE FOR PROFESSIONAL AND STANDARD PERFORMANCE AND DANCE INSTRUCTION. | $20,600 |
THE ROCKEFELLER UNIVERSITY PURPOSE: CHARITABLE CONTRIBUTION - TO IMPROVE THE UNDERSTANDING OF LIFE FOR THE BENEFIT OF HUMANITY. | $1,000 |
FOUNTAIN HOUSE INC PURPOSE: CHARITABLE CONTRIBUTION - TO ASSIST WITH THE RECOVERY OF PEOPLE WITH SERIOUS MENTAL ILLNESS BY PROVIDING OPPORTUNITIES FOR MEMBERS THROUGH A COMMUNITY OF MUTUAL SUPPORT. | $25,000 |
CITYMEALS ON WHEELS PURPOSE: CHARITABLE CONTRIBUTION - TO PROVIDE A LIFELINE OF NUTRITIOUS FOOD AND HUMAN COMPANY TO HOMEBOUND ELDERLY NEW YORKERS. | $9,000 |
122 EAST 66TH STREET FOUNDATION INC PURPOSE: CHARITABLE CONTRIBUTION - TO SUPPORT EXHIBITIONS, EDUCATION PROGRAMS, AND PUBLIC AND COMMUNITY PROGRAMMING AND OUTREACH ACTIVITIES AT THE ARCHITECTURALLY SIGNIFICANT BUILDING LOCATED AT 122 EAST 66TH ST. | $1,000 |