The Pruet Foundation
- Assets
- $7.6m
- Revenue
- $443.3k
- Investments
- $6.9m
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 12/1991
- Data as of
- 12/2023
- EIN
- 71-0710627
Organization Overview
The Pruet Foundation is located in Jackson, MS. 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. Pruet 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, Pruet Foundation generated $443.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $316.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pruet Foundation has awarded 166 individual grants totaling $3,465,791. 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
TO PROVIDE SUPPORT TO CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula James President And Treasurer | 5 | $0 | |
Ann Calhoon Vice-President And Secreta | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,164 |
| Dividends & Interest | $163,843 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $250,738 |
| Capital Gain Net Income | $250,738 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,531 |
| Total Revenue | $443,276 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,024 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $710 |
| Total operating and administrative expenses | $77,809 |
| Contributions, gifts, grants paid | $239,000 |
| Total expenses and disbursements | $316,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $667,834 |
| 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 | $6,939,576 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,607,410 |
| 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, The Pruet Foundation has awarded $239,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST HEALTH FOUNDATION PURPOSE: UNRESTRICTED | $20,000 |
BAPTIST HEALTH FOUNDATION - BURN CENTER PURPOSE: UNRESTRICTED | $30,000 |
EMPOWER MS PURPOSE: UNRESTRICTED | $10,000 |
FRIENDS OF CHILDRENS HOSPITAL PURPOSE: UNRESTRICTED | $5,000 |
HOPE HOUSE OF HOSPITALITY PURPOSE: UNRESTRICTED | $10,000 |
HOSPICE MINISTRIES PURPOSE: UNRESTRICTED | $5,000 |