Presidential Experience Foundation
- Assets
- $2.1m
- Revenue
- $100.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/2017
- Data as of
- 12/2021
- EIN
- 81-1486856
Organization Overview
Presidential Experience Foundation is located in Washington, DC. The organization was established in 2017. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presidential Experience 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 12/2021, Presidential Experience Foundation generated $100.0 in total revenue.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESIDENTIAL EXPERIENCE FOUNDATION WILL MAKE QUALIFYING DISTRIBUTIONS DIRECTLY FOR THE ACTIVE CONDUCT OF ITS EXEMPT ACTIVITIES THAT EXCEED 85% OF THE CORPORATIONS ADJUSTED NET INCOME OR MINIMUM INVESTMENT RETURN. IN ADDITION, MORE THAN 65% OF THE CORPORATIONS ASSETS WILL BE DEVOTED DIRECTLY TO ITS EXEMPT ACTIVITIES. THE CORPORATION INTENDS TO OWN ASSETS THAT ARE USED CONSISTENT WITH THE CORPORATIONS EXEMPT FUNCTIONS AND THAT ARE BEING DEVOTED AT ALL TIMES TO THOSE ACTIVITIES. THE CORPORATION DOES NOT INTEND TO HAVE A LARGE CASH OR SECURITIES ACCOUNT AND INTENDS FOR ALL ASSETS, OTHER THAN A CASH ACCOUNT FOR QUALIFYING DISTRIBUTIONS, TO BE THOSE THAT ARE DEVOTED DIRECTLY TO ITS EXEMPT ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Warlick President | 0 | $0 | |
Dee Dee Perkins Secretary/direc | 0 | $0 | |
Roger Sharpe Director | 0 | $0 | |
Steve Metcalf Director/treasu | 0 | $0 | |
Johnny Bennett Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $359 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $787 |
| Total operating and administrative expenses | $8,724 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $8,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,115 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $5,117 |
| 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 | $314 |
| Other assets | $2,101,994 |
| Total assets | $2,113,540 |
| Accounts payable and accrued expenses | $27,151 |
| 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 | $27,151 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chesapeake Bay Maritime Museum Inc Saint Michaels, MD | $39,670,845 | $11,802,090 |
Science Museum Of Virginia Foundation Incorporated Richmond, VA | $31,752,161 | $5,835,880 |
National Building Museum Washington, DC | $8,920,603 | $4,582,435 |
Annapolis Maritime Museum Inc Annapolis, MD | $6,274,722 | $3,173,631 |
The Hermitage Museum And Gardens Norfolk, VA | $905,671 | $1,858,618 |
Keystone Tractor Museum Inc Colonial Heights, VA | $22,360,643 | $1,038,052 |
International Arts And Artists Inc Washington, DC | $3,217,504 | $1,902,138 |
The Black History Museum And Cultural Center Inc Richmond, VA | $8,478,867 | $745,690 |
Military Aviation Museum Virginia Beach, VA | $1,953,725 | $1,982,680 |
Old Dominion University Museum Foundation Norfolk, VA | $8,337,804 | $1,813,062 |
Chinese American Museum Foundation Washington, DC | $361,259 | $853,727 |
Virginia Museum Of Transportation Inc Roanoke, VA | $7,557,234 | $586,851 |