Precision Rubber Products Foundatio
The Precision Rubber Products Foundation is a private foundation (501(c)(3)) established in 1954 and based in Lebanon, Tennessee. It operates as a company-sponsored foundation with no paid staff, managed entirely by volunteer trustees.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$114K
+59.4% YoY
Annual Giving
$97K
+30.7% YoY
Grant Count
26
+8.3% YoY
Avg Grant Size
$4K
+20.6% YoY
Mission & Focus Areas
The foundation supports organizations involved with higher education, health, cancer, and human services. It provides funding for charities, scholarships, special projects, and various charitable purposes.
Grantmaking
The foundation made 25 grants in the most recent reporting period. Recent grant recipients include:
Grant Range
of approximately $13, with 24 grants awarded in 2024. The foundation reports being open to new applicants, with approximately 12% of new applicants funded.
Average Grant
of approximately $13, with 24 grants awarded in 2024. The foundation reports being open to new applicants, with approximately 12% of new applicants funded.
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Missouri and Tennessee, with particular focus on cities including Cookeville, Gallatin, Kansas City, Knoxville, Lebanon, Nashville, and Watertown.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Data (FY 2025):
- Total Assets: $114,478
- Total Revenues: $139,973
- Total Expenses: $97,321
- Number of Employees: 0
Prior Year Data (FY 2024):
- Total Assets: $71,826–$72,000
- Annual Grants Awarded: $74,621
The foundation maintains a modest asset base and operates with an expense ratio of 122.3% of total revenue, indicating it distributes more in grants than it receives annually in contributions.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $114,478 | $71,826 | $85,409 |
| Revenue | $139,973 | $61,038 | $69,994 |
| Expenses | $97,321 | $74,621 | $70,031 |
| Qualifying Distributions | $96,700 | $74,000 | $69,500 |
| Net Investment Income | $139,973 | $61,038 | $59,719 |
| Distributable Amount | $134,309 | $115,880 | $108,452 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
125 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by volunteer trustees:
- Mary Mathis
- Sherry Piercey
- Mark D. Clemmons
All trustees serve without compensation.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY MATHIS | TRUSTEE | — | — |
| SHERRY PIERCEY | TRUSTEE, SEC | 0.25 | — |
| MARK D CLEMMONS | TRUSTEE, PRE | 0.25 | — |
Contact Information
Address: 145 Springfield Dr, Lebanon, TN 37087-1532
Phone: 615-444-6812
EIN: 31-0503347
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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