Holmes Foundation
- Assets
- $82.3k
- Revenue
- $38.7k
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 01/2006
- Data as of
- 12/2022
- EIN
- 20-2672938
Organization Overview
Holmes Foundation is located in San Antonio, TX. The organization was established in 2006. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holmes Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Holmes Foundation generated $38.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $20.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHF SCHOLARSHIP & STANDARD PROGRAM SEEKS TO GIVE STUDENTS THE TOOLS THEY NEED TO SUCCEED BY OFFERING FINANCIAL SUPPORT TO STUDENTS WHO HAVE SHOWN COMMITMENT TOWARDS CONTINUING THEIR EDUCATION. THE SCHOLARSHIPS ALL RECOGNIZE EXTRAORDINARY ACHIEVEMENT, LEADERSHIP AND TALENT. THE REQUIREMENTS FOR AWARDS VARY FROM FINANCIAL NEED TO ACADEMIC AND ACHIEVEMENTS. THE FOUNDATION AWARDED 2,500 IN SCHOLARSHIPS IN 2022.
THE OUTDOORS ACTIVITIES PROGRAMMING FOCUSES ON TEACHING KIDS ABOUT THE OUTDOORS TO DRIVE AN APPRECIATION FOR NATURE, A CONSERVATION MINDSET, AND TO ENGAGE KIDS IN PARTICIPATING IN THE MANY OUTDOOR SPORTSMAN ACTIVITIES NATURE OFFERS. THE FIRST 300 YOUTH, AGES 15 AND UNDER, TO REGISTER WILL RECEIVE A FREE ROD AND REEL. A PICNIC-STYLE LUNCH IS PROVIDED TO ALL ATTENDEES. ALL YOUTH PARTICIPANTS MUST BE ACCOMPANIED BY A PARENT, GUARDIAN, OR CHAPERONE.
2022 TURKEY GIVEAWAY: THE ORGANIZATION HELD A TURKEY GIVEAWAY IN 2022. FAMILIES BENEFITTING FROM THE GIVEAWAY MUST MEET OR BE BELOW THE FEDERAL INCOME GUIDELINE. THE FOUNDATION SERVED 150 FAMILIES WITH THIS EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Priest Holmes President | 4 | $0 | |
Marsha Crutchfield Vice Preside | 0.25 | $0 | |
Jeff Guess Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,663 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,663 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $223 |
| Occupancy | $10,800 |
| Travel, conferences, and meetings | $1,382 |
| Printing and publications | $0 |
| Other expenses | $5,870 |
| Total operating and administrative expenses | $18,275 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $20,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,663 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $500 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $178 |
| Other assets | $0 |
| Total assets | $82,341 |
| Accounts payable and accrued expenses | $1,742 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $107,225 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $108,967 |
Grants Awarded
Over the last fiscal year, Holmes Foundation has awarded $6,100 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PRAIRIE VIEW A&M UNIVERSITY PURPOSE: SCHOLARSHIP PROGRAM | $2,000 |
LEE COLLEGE PURPOSE: SCHOLARSHIP PROGRAM | $1,000 |
OUR LADY OF THE LAKE UNIVERSITY PURPOSE: SCHOLARSHIP PROGRAM | $1,000 |
MACEDONIA BAPTIST CHURCH PURPOSE: DONATION | $600 |
UNIVERSITY OF HOUSTON PURPOSE: SCHOLARSHIP PROGRAM | $1,000 |
UTSA PURPOSE: SCHOLARSHIP PROGRAM | $500 |