Pearson Family Foundation
- Assets
- $15.5m
- Revenue
- $1.4m
- Investments
- $15.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 86-3173870
Organization Overview
Pearson Family Foundation is located in Wilmington, DE. According to its NTEE Classification (T30) the organization is classified as: Public 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. Pearson 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 12/2023, Pearson Family Foundation generated $1.4m 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 (54.1%) each year. All expenses for the organization totaled $412.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori M Hodges Dir | 1 | $0 | |
Bradley J Pearson Dir | 1 | $0 | |
Larry V Pearson Dir, Pres, Treas | 1 | $0 | |
Linda J Pearson Dir, Sec, VP | 1 | $0 | |
Timothy V Pearson Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,509,600 |
| Interest on Savings | $580 |
| Dividends & Interest | $378,275 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$491,851 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,396,604 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,730 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,758 |
| Total operating and administrative expenses | $73,882 |
| Contributions, gifts, grants paid | $338,300 |
| Total expenses and disbursements | $412,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $310,195 |
| 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 | $15,542,197 |
| 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, Pearson Family Foundation has awarded $338,300 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CREIGHTON UNIVERSITY PURPOSE: SUPPORT FOR THE MBA PROGRAM | $203,300 |
SCHWAB CHARITABLE FUND PURPOSE: TAP FAMILY FOUNDATION FUND | $35,000 |
SCHWAB CHARITABLE FUND PURPOSE: HODGES FAMILY GIVING FUND | $35,000 |
SCHWAB CHARITABLE FUND PURPOSE: PEARSON FAMILY CHARITABLE FUND | $35,000 |
THE TEEN CENTER PURPOSE: GENERAL & UNRESTRICTED | $30,000 |