Lorease & Ed Priesmeyer Foundation Inc
- Assets
- $820.2k
- Revenue
- $178.1k
- Investments
- $553.8k
- Employees
- 0
- Location
- Huntsville, TX
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 76-0307944
Organization Overview
Lorease & Ed Priesmeyer Foundation Inc is located in Huntsville, TX. The organization was established in 0000. 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.
For the year ending 12/2022, Lorease & Ed Priesmeyer Foundation Inc generated $178.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $239.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lorease & Ed Priesmeyer Foundation Inc has awarded 33 individual grants totaling $577,590. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED RESOURCES TO RICE CISD: SCHOOL SUPPLIES FOR EVERY STUDENT GRADES K-5 WERE PURCHASED. REMOVED FINANCIAL BURDEN FROM PREDOMINANTLY LOW INCOME FAMILIES. FUNDS PROVIDED FOR DISTRICT TO PURCHASE CLASSROOM FURNITURE.
PROVIDED SCHOLARSHIP FUNDS TO SEVEN UNIVERSITIES AND FOUR COLLEGES TO FUND ATTENDANCE OF STUDENTS WHO GRADUATED FROM RICE CISD AS WELL AS SUBSIDIZE DUAL CREDIT COURSES FOR RICE CISD STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candyce F Dixon Ceo/board Pr | 0 | $24,000 | |
Bill Hefner Vice Preside | 0 | $0 | |
Pamela Hugghins Secretary/tr | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25 |
| Dividends & Interest | $8,766 |
| Net Rental Income | $4,243 |
| Net Gain on Sale of Assets | $101,988 |
| Capital Gain Net Income | $84,571 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $63,082 |
| Total Revenue | $178,104 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,088 |
| Interest | $0 |
| Taxes | $5,934 |
| Depreciation | $2,207 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,337 |
| Total operating and administrative expenses | $48,655 |
| Contributions, gifts, grants paid | $190,295 |
| Total expenses and disbursements | $238,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,352 |
| Savings and temporary cash investments | $33,253 |
| 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 | $229,748 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $820,153 |
| 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 | $110 |
| Total liabilities | $110 |
Grants Awarded
Over the last fiscal year, Lorease & Ed Priesmeyer Foundation Inc has awarded $190,295 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BLINN COLLEGE PURPOSE: FUND SCHOLARSHIPS | $5,257 |
GALVESTON COLLEGE PURPOSE: FUND SCHOLARSHIPS | $1,274 |
GRAND CANYON UNIVERSITY PURPOSE: FUND SCHOLARSHIPS | $2,500 |
RICE CISD PURPOSE: SUPPLIES, EQUIP, | $81,000 |
TEXAS A&M UNIVERSITY PURPOSE: FUND SCHOLARSHIPS | $48,165 |
TEXAS LUTHERAN UNIVERSITY PURPOSE: FUND SCHOLARSHIPS | $2,500 |