The Prengaman Family Foundation Inc
- Assets
- $562.9k
- Revenue
- $46.6k
- Investments
- $543.7k
- Employees
- 0
- Location
- Arlington, TX
- Founding
- 03/2011
- Data as of
- 12/2022
- EIN
- 80-0309513
Organization Overview
The Prengaman Family Foundation Inc is located in Arlington, TX. The organization was established in 2011. 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. Prengaman Family Foundation Inc 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, Prengaman Family Foundation Inc generated $46.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $72.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Prengaman Family Foundation Inc has awarded 90 individual grants totaling $243,300. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R David Prengaman President | 1 | $0 | |
Marilyn M Prengaman Secretary And Treasurer | 1 | $0 | |
Rae Lynn Guest Vice Pres | 1 | $0 | |
Raymond D Prengaman Vice Pres | 1 | $0 | |
Christopher P Guest Vice Pres | 1 | $0 | |
Inge Lindholm-Prengaman Vice Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $109 |
| Dividends & Interest | $53,373 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,844 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,638 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $191 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $29,816 |
| Printing and publications | $299 |
| Other expenses | $0 |
| Total operating and administrative expenses | $30,671 |
| Contributions, gifts, grants paid | $41,890 |
| Total expenses and disbursements | $72,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,157 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $562,859 |
| 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 Prengaman Family Foundation Inc has awarded $41,890 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ARLINGTON LIFE SHELTER PURPOSE: WOMENS SHELTER | $3,090 |
SISTERS OF CHARITY PURPOSE: RELIGIOUS | $5,000 |
ST AGNES PTO PURPOSE: EDUCATION | $2,000 |
MEALS ON WHEELS PURPOSE: FOOD FOR ELDERLY | $3,150 |
SALVATION ARMY PURPOSE: DISASTER ASSISTANCE | $5,000 |
GOODFELLOWS FUND PURPOSE: NEEDY CHILDREN | $3,000 |