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
Under IRS private-foundation payout rules, Precision Rubber Products Foundatio reported a distributable amount of $134K for 2025 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2025 grants, the largest include Mtsu - Graham Edens ($6,000), Wilson County Christmas for All ($5,000), Books From Birth ($4,600).
| Recipient | Purpose | Amount |
|---|---|---|
| BIG BROTHERS LEBANON, TN | PROVIDE FUNDS FOR CHARITY'S PURPOSE | $4,000 |
| BOOKS FROM BIRTH LEBANON, TN | PROVIDE FUNDS FOR CHARITY'S PURPOSE | $4,600 |
| BROOKS HOUSE LEBANON, TN | PROVIDE FUNDS FOR CHARITY'S PURPOSE | $4,600 |
| CASA LEBANON, TN | PROVIDE FUNDS FOR CHARITY'S PURPOSE | $4,000 |
| CEDAR SENIORS LEBANON, TN | PROVIDE FUNDS FOR CHARITY'S PURPOSE | $4,000 |
| COMPASSIONATE HANDS INC LEBANON, TN | PROVIDE FUNDS FOR CHARITY'S PURPOSE | $4,000 |
| CUMBERLAND UNIVERSITY LEBANON, TN | PROVIDE FUNDS FOR ENTITY'S PURPOSE | $4,600 |
| EMPOWER ME CENTER LEBANON, TN | PROVIDE FUNDS FOR CHARITY'S PURPOSE | $4,000 |
| FELLOWSHIP OF CHRISTIAN ATHLETES KANSAS CITY, MO | PROVIDE FUNDS FOR CHARITY'S PURPOSE | $4,000 |
| JOSEPH'S STOREHOUSE LEBANON, TN | PROVIDE FUNDS FOR CHARITY'S PURPOSE | $4,000 |
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
Frequently Asked Questions
What does Precision Rubber Products Foundatio fund?
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.
How do I apply for a grant from Precision Rubber Products Foundatio?
The foundation made 25 grants in the most recent reporting period. Recent grant recipients include: • Wilson County Christmas for All ($5,000) • Wilson County Community Help Center ($4,600) • Ronald McDonald House Charities of Nashville Tennessee ($4,600) The foundation's grantmaking activity shows an average grant size of approximately $13, with 24 grants awarded in 2024. The foundation reports being open to new applicants, with approximately 12% of new applicants funded.
Where does Precision Rubber Products Foundatio make 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.
What size grants does Precision Rubber Products Foundatio award?
In 2025, Precision Rubber Products Foundatio awarded 26 grants totaling $97K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Precision Rubber Products Foundatio required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Precision Rubber Products Foundatio reported a distributable amount of $134K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Precision Rubber Products Foundatio's EIN?
Precision Rubber Products Foundatio's EIN (Employer Identification Number) is 31-0503347. IRS Form 990 filing data is available on this page for 2019–2025.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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