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Prayer Closet is a private corporation based in PLANO, TX. The foundation received its IRS ruling in 2005. The principal officer is Sharon N Thomas. It holds total assets of $3.7M. Annual income is reported at $1.7M. The foundation is governed by 4 officers and trustees. The foundation operates in the area of religion. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Texas. According to available records, Prayer Closet has made 84 grants totaling $672K, with a median grant of $5K. Annual giving has decreased from $203K in 2020 to $132K in 2023. Individual grants have ranged from $1K to $25K, with an average award of $8K. The foundation has supported 34 unique organizations. The foundation primarily supports organizations in Texas, North Carolina, Virginia, which account for 96% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$8K
Largest Grant
$15K
Based on 27 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Prayer Closet primarily funds organizations in the area of religion. Based on available records, the foundation has funded 84 grants. Its grantmaking reaches organizations primarily in TX, NC, VA.
Prayer Closet has distributed a total of $672K across 84 grants. The median grant size is $5K, with an average of $8K. Individual grants have ranged from $1K to $25K.
Prayer Closet typically selects its grantees rather than accepting unsolicited proposals.
Prayer Closet is headquartered in PLANO, TX. While based in TX, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sharon Thomas | PRESIDENT | $72K | $0 | $72K |
| Sara Standerfer | DIRECTOR | $43K | $0 | $43K |
| Samuel Judson Thomas | SECRETARY | $36K | $0 | $36K |
| Sam H Thomas | TREASURER | $0 | $0 | N/A |
Total Giving
$343K
Total Assets
$3.8M
Fair Market Value
$4.3M
Net Worth
$3.8M
Grants Paid
$132K
Contributions
N/A
Net Investment Income
$65K
Distribution Amount
$204K
Total: $3.3M
Total Grants
84
Total Giving
$672K
Average Grant
$8K
Median Grant
$5K
Unique Recipients
34
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmySOCIAL OUTREACH | Alexandria, VA | $5K | 2023 |
| Helping Hand Home For ChildrenNEW HOUSING | Austin, TX | $25K | 2023 |
| The Storehouse Of Collin CountyTO FEED AND CLOTH THE COMMUNITY | Plano, TX | $10K | 2023 |
| Dallas Theological SeminarySCHOLARSHIPS | Dallas, TX | $10K | 2023 |
| Harvesters Reaching The NationsCARE FOR ORPHANS WORLDWIDE | Plano, TX | $10K | 2023 |
| The Lifesavers FoundationTO PROVIDE MEDICAL SERVICES | Richardson, TX | $10K | 2023 |
| Thrive Women'S ClinicOPERTIONAL SUPPORT | Dallas, TX | $10K | 2023 |
| Samaritans PursePROVIDE SPIRITUAL AND PHYISCAL AID | Boone, NC | $10K | 2023 |
| Mission MassaiiTO PROVIDE RESOURCES TO COMMUNITY | Mckinney, TX | $5K | 2023 |
| Samaritan InnSUPPORT HOMELESS | Mckinney, TX | $5K | 2023 |
| Mobile Loaves & FishesSOCIAL OUTREACH | Austin, TX | $5K | 2023 |
| Alive At LastOPERATIONAL SUPPORT | Newark, TX | $5K | 2023 |
| Union Gospel MissionHOMELESS SUPPORT | Dallas, TX | $5K | 2023 |
| Beyond Ordinary WomenMINISTER AND EQUIP WOMEN | Plano, TX | $5K | 2023 |
| East Texas Crisis CenterPROVIDING FOR VICTIMS | Tyler, TX | $5K | 2023 |
| EvantellEVANGELISM TRAINING | Dallas, TX | $5K | 2023 |
| Campus Crusade For ChristRELIGIOUS | Orlando, FL | $2K | 2023 |
| Trinity Christian AcademySTUDENT AID | Addison, TX | $10K | 2022 |
| Mission MaasaiTO PROVIDE RESOURCES TO COMMUNITY | Mckinney, TX | $5K | 2022 |
| Wwwhs Community FoundationGYMNASIUM | Dallas, TX | $5K | 2022 |
| Carillon Beach InstituteCHAPEL RENOVATION | Panama City Beach, FL | $5K | 2022 |
| Hope'S Door New Beginning CenterHELP FAMILIES OF DOMESTIC VIOLENCE | Plano, TX | $5K | 2022 |
| Beth Sar ShalomGENERAL SUPPORT | Carrollton, TX | $10K | 2021 |