Robert L Pierce Foundation
- Assets
- $1.2m
- Revenue
- $83.0k
- Investments
- $913.6k
- Employees
- 0
- Location
- Covington, LA
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 80-0324450
Organization Overview
Robert L Pierce Foundation is located in Covington, LA. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Robert L Pierce 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, Robert L Pierce Foundation generated $83.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $101.9k during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 8 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 2015, Robert L Pierce Foundation has awarded 89 individual grants totaling $658,901. 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 |
|---|---|---|---|
Chavgney G Pierce Director | 1 | $0 | |
Shonna Pierce Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,000 |
| Interest on Savings | $5 |
| Dividends & Interest | $47,530 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,841 |
| Capital Gain Net Income | $19,841 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,617 |
| Total Revenue | $82,993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $417 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,890 |
| Contributions, gifts, grants paid | $84,000 |
| Total expenses and disbursements | $101,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,717 |
| Savings and temporary cash investments | $75,987 |
| 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 | $180,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $3 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,189,279 |
| 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, Robert L Pierce Foundation has awarded $84,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: FOR GENERAL OPERATING SUPPORT | $5,000 |
FORE KIDS FOUNDATION INC PURPOSE: TO SUPPORT THE ORGANIZATION'S GIVING FUND | $15,000 |
PERPETUAL ABUNDANCE OF LOVE PURPOSE: FOR GENERAL OPERATING SUPPORT | $10,000 |
ST SCHOLASTICA ACADEMY PURPOSE: FOR GENERAL OPERATING SUPPORT | $25,000 |
THE LOUISIANA OPEN INC PURPOSE: FOR GENERAL OPERATING SUPPORT | $20,000 |
THE KELLY GIBSON FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $9,000 |