Prim Family Foundation
- Assets
- $639.1k
- Revenue
- $221.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-4289471
Organization Overview
Prim Family Foundation is located in Winstonsalem, NC. The organization was established in 2017. 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. Prim Family 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, Prim Family Foundation generated $221.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $107.5k during the year ending 12/2022. While expenses have increased by 12.2% per year over the past 5 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 2018, Prim Family Foundation has awarded 49 individual grants totaling $426,900. 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 |
|---|---|---|---|
Billy D Prim President; Director | 1 | $0 | |
Sarcanda Bellisimo Secretary; Director | 0 | $0 | |
Richard Brenner Treasurer; Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $166,082 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,814 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,277 |
| Capital Gain Net Income | $557,593 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $221,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $91 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66 |
| Total operating and administrative expenses | $1,807 |
| Contributions, gifts, grants paid | $105,650 |
| Total expenses and disbursements | $107,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,071 |
| Savings and temporary cash investments | $370,056 |
| 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 | $639,127 |
| 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, Prim Family Foundation has awarded $105,650 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ABC OF NC FOUNDATION PURPOSE: FOR GENERAL USE | $200 |
BRENNER CHILDREN'S HOSPITAL PURPOSE: FOR GENERAL USE | $2,500 |
BUDDIES FOR BIRDIES (OHIOHEALTH FOUNDATION AND MD ANDERSON CANCER CENTER) PURPOSE: FOR GENERAL USE | $10,000 |
DEAN PRIM SCHOLARSHIP FUND - WINSTON-SALEM FOUNDATION PURPOSE: FOR GENERAL USE | $12,500 |
GREATER WINSTON-SALEM FOUNDATION MINORITY BUSINESS ENTERPRISE PURPOSE: FOR GENERAL USE | $25,000 |
LOVE OUT LOUD PURPOSE: FOR GENERAL USE | $6,000 |