Prairie Center of the Arts is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PEORIA, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $307K in total assets. In 2024, it awarded 6 grants totaling $13K. Net investment income was $21K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$307K
+3.5% YoY
Annual Giving
$13K
-32.4% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$2K
-32.4% YoY
Under IRS private-foundation payout rules, Prairie Center of the Arts reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
About Prairie Center of the Arts
Based on IRS filings
Prairie Center of the Arts is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PEORIA, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $307K in total assets. In 2024, it awarded 6 grants totaling $13K. Net investment income was $21K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $306,610 | $296,265 | $302,262 |
| Revenue | $25,707 | $15,496 | $6,069 |
| Expenses | $15,362 | $21,493 | $20,414 |
| Qualifying Distributions | $15,200 | $21,305 | $19,246 |
| Net Investment Income | $20,707 | $10,207 | $1,126 |
| Distributable Amount | $14,328 | $14,665 | $15,109 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Peoria Art Guild ($3,500), Neighborhood House ($2,500), Peoria Riverfront Museum ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| CONTEMPORARY ART CENTER OF PEORIA PEORIA, IL | PRINTMAKING PROGRAM | $500 |
| NEIGHBORHOOD HOUSE PEORIA, IL | YOUTH PROGRAMMING | $2,500 |
| PEORIA ART GUILD PEORIA, IL | PROMOTE ART AND LOCAL ARTISTS | $3,500 |
| PEORIA HISTORICAL SOCIETY PEORIA, IL | RENNICK HISTORY REIMAGINED ART SHOW | $1,000 |
| PEORIA RIVERFRONT MUSEUM PEORIA, IL | YOUTH PROGRAMMING | $2,500 |
| SOUTHSIDE MISSION PEORIA, IL | YOUTH PROGRAMMING | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHELE J RICHEY | PRESIDENT | 15 | — |
| JOSEPH RICHEY JR | SECRETARY/TREASURER | 15 | — |
| JEANNETTE THOREL | DIRECTOR | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Prairie Center of the Arts?
Prairie Center of the Arts is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PEORIA, IL. It holds $307K in total assets as of 2024.
How large is Prairie Center of the Arts?
As of 2024, Prairie Center of the Arts holds $307K in total assets with $26K in annual revenue. It awarded 6 grants totaling $13K in 2024.
Where does Prairie Center of the Arts operate?
Prairie Center of the Arts has awarded grants in Illinois.
What size grants does Prairie Center of the Arts award?
In 2024, Prairie Center of the Arts awarded 6 grants totaling $13K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Prairie Center of the Arts required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Prairie Center of the Arts reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Prairie Center of the Arts's EIN?
Prairie Center of the Arts's EIN (Employer Identification Number) is 33-1078799. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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