Precourt Foundation
- Assets
- $30.0m
- Revenue
- $442.0k
- Investments
- $14.9m
- Employees
- 0
- Location
- Greenwood Village, CO
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 76-0430659
Organization Overview
Precourt Foundation is located in Greenwood Village, CO. The organization was established in 1994. 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. Precourt 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 12/2022, Precourt Foundation generated $442.0k 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 (41.7%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Precourt Foundation has awarded 241 individual grants totaling $10,167,169. 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 |
|---|---|---|---|
Jay A Precourt Trustee | 1 | $0 | |
Amanda J Precourt Trustee | 1 | $0 | |
Jay Anthony Precourt Jr Trustee | 1 | $0 | |
Samantha Juedes Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,124 |
| Dividends & Interest | $249,338 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $153,383 |
| Capital Gain Net Income | $153,383 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,169 |
| Total Revenue | $442,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $139,164 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $328,556 |
| Total operating and administrative expenses | $525,534 |
| Contributions, gifts, grants paid | $2,363,534 |
| Total expenses and disbursements | $2,889,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,052,357 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $49,454 |
| 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 | $14,947,787 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,049,598 |
| 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, Precourt Foundation has awarded $2,363,534 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
4ATX FOUNDATION PURPOSE: 501(C)(3) QUALIFIED ORGANIZATION | $35,000 |
AMOS TUCK SCHOOL OF BUSINESS PURPOSE: 501(C)(3) QUALIFIED ORGANIZATION | $260,000 |
BOY SCOUTS OF AMERICA - DENVER PURPOSE: 501(C)(3) QUALIFIED ORGANIZATION | $5,000 |
BIG DOG RESCUE RANCH PURPOSE: 501(C)(3) QUALIFIED ORGANIZATION | $2,000 |
EQUINE PARTNERSHIP PROGRAM PURPOSE: 501(C)(3) QUALIFIED ORGANIZATION | $5,000 |
EAGLE VALLEY LAND TRUST PURPOSE: 501(C)(3) QUALIFIED ORGANIZATION | $10,000 |