Pearson Art Foundation Inc
Pearson Art Foundation Inc is a private foundation, based in RIDGEWOOD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 1 grants totaling $10K. Net investment income was $146K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
-2.7% YoY
Annual Giving
$10K
-0.8% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$10K
+98.4% YoY
Under IRS private-foundation payout rules, Pearson Art Foundation Inc reported a distributable amount of $71K for 2024 — the minimum it must pay out in qualifying distributions.
About Pearson Art Foundation Inc
Based on IRS filings
Pearson Art Foundation Inc is a private foundation, based in RIDGEWOOD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 1 grants totaling $10K. Net investment income was $146K.
Ready to take the next step with Pearson Art Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,036,122 | $2,093,055 | $2,174,630 |
| Revenue | $151,729 | $99,835 | $138,964 |
| Expenses | $208,608 | $180,349 | $124,219 |
| Qualifying Distributions | $101,500 | $76,889 | $42,451 |
| Net Investment Income | $145,649 | $101,537 | $132,778 |
| Distributable Amount | $71,163 | $68,296 | $75,421 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lake Okoboji Theater Camp ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LAKE OKOBOJI THEATER CAMP OKOBOJI, IA | EDUCATIONAL | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PERRY PEARSON | PRES PT | 10 | $49,800 |
| TERESA PEARSON | VP PT | 1 | — |
| ERIKA PEARSON | VP PT | — | — |
| KIMBERLY COOKE | VP PT | 23 | $24,000 |
| LONNIE WOLLIN | SECY/TREAS PT | 2 | — |
Frequently Asked Questions
How large is Pearson Art Foundation Inc?
As of 2024, Pearson Art Foundation Inc holds $2.0M in total assets with $152K in annual revenue. It awarded 1 grants totaling $10K in 2024.
Where does Pearson Art Foundation Inc operate?
Pearson Art Foundation Inc has awarded grants in Arkansas, Iowa.
What size grants does Pearson Art Foundation Inc award?
In 2024, Pearson Art Foundation Inc awarded 1 grants totaling $10K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Pearson Art Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Pearson Art Foundation Inc reported a distributable amount of $71K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Pearson Art Foundation Inc's EIN?
Pearson Art Foundation Inc's EIN (Employer Identification Number) is 23-7087276. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Pearson Art Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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