As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2018, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $906,000. This amount represents 25% or more of the Foundation's net assets of $2,791,981 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2018. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Youth DevelopmentCommunity DevelopmentReligion
Application Information
Accepts Unsolicited ProposalsNo — Preselected Only
Phone8008391754
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
Year
Total Giving
Total Assets
Revenue
Grants
2016
$7.5M
$2.8M
$415K
1
2017
N/A
$2.8M
$71K
N/A
2018
$906K
$1.3M
$127K
2
2019
N/A
$741K
$2.0M
N/A
2020
$9K
$1.4M
$5.0M
2
2022
$15K
$1.7M
$2.0M
2
2023
$30K
$230K
$54K
3
Grant Size Distribution
Based on 10 grants on record
Minimum
$2K
25th Pctl
$5K
Median
$7K
Average
$846K
75th Pctl
$22K
Maximum
$7.5M
Geographic Distribution
Key Personnel
Name
Title
Compensation
Timothy R Pearson
Dir, Pres
—
David L Pearson
VP
—
Philip K Pearson
VP
—
Thomas L Pearson
Dir, Treas, COB, SEC, VP
—
Daniel P Shapiro
Co-Sec
—
Grants Awarded
(10 total)
Purpose
UNIVERSITY OF CHICAGO
CHICAGO, IL
$7,500,000
General & Unrestricted
2016
UNIVERSITY OF CHICAGO
CHICAGO, IL
$900,000
General & Unrestricted
2018
TAG RANCH INC
PARK CITY, UT
$22,500
General & Unrestricted
2023
TAG RANCH INC
PARK CITY, UT
$10,000
General & Unrestricted
2022
TAG RANCH INC
PARK CITY, UT
$7,500
General & Unrestricted
2020
TAG RANCH INC
PARK CITY, UT
$6,000
General & Unrestricted
2018
PARK CITY PERFORMANCES
PARK CITY, UT
$5,000
General & Unrestricted
2023
ARLINGTON COMMUNITY CHURCH
ARLINGTON, NE
$5,000
annual Christmas Fund for giving to children that are in need in the local church and local community.
2022
ARLINGTON COMMUNITY CHURCH
ARLINGTON, NE
$2,500
ANNUAL CHRISTMAS FUND FOR GIVING TO CHILDREN THAT ARE IN NEED IN THE LOCAL CHURCH AND LOCAL COMMUNITY.