Hugh M & Julie Pearce Foundation
- Assets
- $105.3k
- Revenue
- $11.9k
- Investments
- $100.5k
- Employees
- 0
- Location
- Los Altos Hills, CA
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 77-0559719
Organization Overview
Hugh M & Julie Pearce Foundation is located in Los Altos Hills, CA. The organization was established in 2001. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Hugh M & Julie Pearce 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, Hugh M & Julie Pearce Foundation generated $11.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $25.2k during the year ending 12/2023. While expenses have increased by 6.7% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Pearce Pres Dir | 2 | $0 | |
Hugh Pearce Secy CFO Dir | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $7,111 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,744 |
| Capital Gain Net Income | $4,744 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,859 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $487 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,136 |
| Total operating and administrative expenses | $17,668 |
| Contributions, gifts, grants paid | $7,500 |
| Total expenses and disbursements | $25,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,871 |
| 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 | $76,728 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $105,342 |
| 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, Hugh M & Julie Pearce Foundation has awarded $7,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY HEALTH AWARENESS COUNCIL PURPOSE: GENERAL FUND | $1,000 |
LAHS AVID SCHOLARSHIP FUND PURPOSE: GENERAL FUND | $1,000 |
EAST PALO ALTO KIDS FOUNDATION PURPOSE: GENERAL FUND | $1,000 |
KRAUSE CENTER FOR INNOVATION PURPOSE: GENERAL FUND | $1,000 |
ENVIRONMENTAL VOLUNTEERS PURPOSE: GENERAL FUND | $2,000 |
FOOTHILL DE ANZA FOUNDATION PURPOSE: GENERAL FUND | $1,500 |