Priddy Foundation
- Assets
- $203.5m
- Revenue
- $21.2m
- Investments
- $199.5m
- Employees
- 0
- Location
- Wichita Falls, TX
- Founding
- 01/1964
- Data as of
- 12/2021
- EIN
- 75-6029882
Organization Overview
Priddy Foundation is located in Wichita Falls, TX. The organization was established in 1964. 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. Priddy 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 12/2021, Priddy Foundation generated $21.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $12.9m during the year ending 12/2021. While expenses have increased by 12.6% per year over the past 4 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 2020, Priddy Foundation has awarded 445 individual grants totaling $35,066,645. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Shelley S Sweatt President/ceo | 40 | $243,625 | |
Pat Myers Office Operations Ma | 40 | $70,190 | |
Kayla Knobloch Financial Analyst | 40 | $53,576 | |
Joshua K Johnson Program Analyst | 40 | $50,871 | |
Tim Cornelius Trustee | 2 | $7,000 | |
Cathy Biggs Trustee | 2 | $7,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Luther King Capital Mgmt | 12/30/21 | $354,531 |
American National Bank & Trust | 12/30/21 | $101,736 |
Dodge & Cox | 12/30/21 | $175,602 |
Sentry Management | 12/30/21 | $75,328 |
Vanguard | 12/30/21 | $63,919 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $495 |
| Dividends & Interest | $4,407,408 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,752,812 |
| Capital Gain Net Income | $16,752,812 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,850 |
| Total Revenue | $21,182,565 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $299,625 |
| Other employee salaries and wages | $222,252 |
| Pension plans, employee benefits | $48,653 |
| Interest | $0 |
| Taxes | $407,217 |
| Depreciation | $14,149 |
| Occupancy | $55,151 |
| Travel, conferences, and meetings | $20,799 |
| Printing and publications | $0 |
| Other expenses | $370,484 |
| Total operating and administrative expenses | $2,282,539 |
| Contributions, gifts, grants paid | $10,575,125 |
| Total expenses and disbursements | $12,857,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,853,803 |
| 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 | $68,843,155 |
| Net Land, buildings, and equipment | $128,826 |
| Other assets | $22,407 |
| Total assets | $203,518,133 |
| Accounts payable and accrued expenses | $143,007 |
| 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 | $143,007 |
Grants Awarded
Over the last fiscal year, Priddy Foundation has awarded $10,575,125 in support to 115 organizations.
| Grant Recipient | Amount |
|---|---|
Wichita Falls, TX PURPOSE: THE PRIDDY SCHOLARS PROGRAM (GRANT 2) 2020-2021 THROUGH 2022-23 | $1,139,025 |
Wichita Falls, TX PURPOSE: NEW INPATIENT CARE CENTER & MAIN CAMPUS RENOVATIONS 2019-2022 | $1,000,000 |
Wichita Falls, TX PURPOSE: SHARED HANDLING FEES & PROGRAM SUPPORT EXTENSION COMMUNITY IMPACT PROJECT 2022 | $800,000 |
REGION 9 EDUCATION SERVICE CENTER PURPOSE: HIGH RELIABILITY SCHOOLS COMMUNITY IMPACT PROGRAM CONTINUATION 2018-2021 | $770,128 |
CATHOLIC CHARITIES OF FT WORTH INC PURPOSE: VRJC PRIDDY FELLOWS SCHOLARSHIPS PROGRAM EXTENSION SY 2020-2021 THROUGH 2024-2025 | $400,000 |
Wichita Falls, TX PURPOSE: MSU NONPROFIT LEADERSHIP PROGRAM 2018-2019 THROUGH 2023-2024 | $254,905 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
Perot Foundation Dallas, TX | $46,575,873 | $1,622,633 |
The Charles Butt Foundation San Antonio, TX | $7,229,103 | $6,060,986 |