The Pray Family Foundation Inc
- Assets
- $6.8m
- Revenue
- $381.3k
- Investments
- $4.8m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 01/2013
- Data as of
- 12/2023
- EIN
- 90-0633482
Organization Overview
The Pray Family Foundation Inc is located in Greenwich, CT. The organization was established in 2013. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Pray 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 12/2023, Pray Family Foundation Inc generated $381.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $385.4k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTORING OF CHILDREN. ALL THE ORGANIZATIONS DIRECT AND INDIRECT EXPENSES ON FORM 990-PF PART 1 ARE RELATED TO THE CHARITABLE ACTIVITY OF MENTORING CHILDREN AT THE PRAY ACHIEVEMENT CENTER AND THE PRAY AUTOMOTIVE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry B Peden III Director, Secretary, & Tre | 3 | $0 | |
Melanie Pray Vice President | 2 | $0 | |
Philip Richter Vice President | 2 | $0 | |
Christina Hughes Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,625 |
| Interest on Savings | $0 |
| Dividends & Interest | $130,350 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $107,438 |
| Capital Gain Net Income | $107,438 |
| Net ST Capital Gain | $16,850 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $116,864 |
| Total Revenue | $381,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $66,827 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,627 |
| Depreciation | $29,033 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $271,046 |
| Total operating and administrative expenses | $385,388 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $385,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $518,696 |
| 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 | $1,813 |
| Net Land, buildings, and equipment | $1,047,599 |
| Other assets | $423,467 |
| Total assets | $6,816,668 |
| 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 |