Pursley Family Foundation Inc
- Assets
- $6.7m
- Revenue
- $149.9k
- Investments
- $6.4m
- Employees
- 0
- Location
- Wheaton, IL
- Founding
- Data as of
- 12/2022
- EIN
- 85-3535030
Organization Overview
Pursley Family Foundation Inc is located in Wheaton, IL. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Pursley 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, Pursley Family Foundation Inc generated $149.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (72.2%) each year. All expenses for the organization totaled $74.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS IS THE INITIAL YEAR FOR THE ORGANIZATION AND NO INCOME RECEIVED WAS DISTRIBUTED DURING THE YEAR TO CHARITABLE ORGANIZATIONS. NO CONFERENCES, RESEARCH PAPERS, ETC. WERE INVOLVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine A Purlsey President | 0 | $0 | |
James E Pursley Secretary/tr | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500 |
| Interest on Savings | $17,534 |
| Dividends & Interest | $186,154 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$63,895 |
| Capital Gain Net Income | $155 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,579 |
| Total Revenue | $149,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,056 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,885 |
| Total operating and administrative expenses | $49,292 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $74,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $182,913 |
| 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 | $141,477 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $658,293 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,679,106 |
| 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, Pursley Family Foundation Inc has awarded $566,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CLAPMAN SCHOOL PURPOSE: UNRESTRICTED | $500,000 |
TURNING POINT USA PURPOSE: UNRESTRICTED | $50,000 |
HEADSTRONG FOUNDATION PURPOSE: UNRESTRICTED | $16,000 |