Prime Foundation Inc
- Assets
- $18.4m
- Revenue
- $1.3m
- Investments
- $18.0m
- Employees
- 0
- Location
- Lakeville, IN
- Founding
- 05/2017
- Data as of
- 12/2023
- EIN
- 81-4380271
Organization Overview
Prime Foundation Inc is located in Lakeville, IN. 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. Prime 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 12/2023, Prime Foundation Inc generated $1.3m 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 (32.7%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Prime Foundation Inc has awarded 90 individual grants totaling $6,676,516. 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 |
|---|---|---|---|
Name Not Listed Secretary | 1 | $0 | |
Name Not Listed President/treasurer | 1 | $0 | |
Name Not Listed Vice President | 1 | $0 | |
Name Not Listed Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $688,379 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $563,041 |
| Capital Gain Net Income | $563,041 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,251,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49,158 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $148,539 |
| Total operating and administrative expenses | $215,345 |
| Contributions, gifts, grants paid | $1,562,025 |
| Total expenses and disbursements | $1,777,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $415,456 |
| 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 | $18,366,075 |
| 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, Prime Foundation Inc has awarded $1,562,025 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NOTRE DAME CONTROLLERS OFFICE PURPOSE: CHARITABLE | $30,000 |
NEWTON PARK PURPOSE: CHARITABLE | $1,325,000 |
REAL SERVICES INC PURPOSE: ALZHEIMER AND DEMENTIA SERVICES | $1,000 |
MEMORIAL HEALTH FOUNDATION INC PURPOSE: CHARITABLE | $30,000 |
JUNIOR ACHIEVEMENT OF NORTHERN IN INC PURPOSE: CHARITABLE | $10,000 |
LAKEVILLE UNITED METHODIST CHURCH PURPOSE: CHARITABLE | $11,000 |