David P Prescott Family Foundation
- Assets
- $677.3k
- Revenue
- $90.1k
- Investments
- $674.8k
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- Data as of
- 12/2022
- EIN
- 86-1229890
Organization Overview
David P Prescott Family Foundation is located in Santa Fe, NM. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David P Prescott 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, David P Prescott Family Foundation generated $90.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (73.6%) each year. All expenses for the organization totaled $37.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David P Prescott President And Secretary | 2 | $0 | |
Patricia Cloud Vice President | 0.25 | $0 | |
Katherine Prescott Vice President | 0.5 | $0 | |
Elizabeth Prescott Vice President And Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,051 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,037 |
| Capital Gain Net Income | $85,037 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,088 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $56 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12 |
| Total operating and administrative expenses | $2,128 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $37,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,532 |
| Savings and temporary cash investments | $0 |
| 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 | $677,296 |
| 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, David P Prescott Family Foundation has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOLEBURY SCHOOL PURPOSE: SCHOLARSHIP SUPPORT | $25,000 |
TEMPLE UNIVERSITY COLLEGE OF ENGINEERING PURPOSE: SCHOLARSHIP SUPPORT | $10,000 |