Myfifident Foundation
- Assets
- $8.8m
- Revenue
- $449.4k
- Investments
- $8.1m
- Employees
- 0
- Location
- Cumming, GA
- Founding
- 02/2005
- Data as of
- 12/2022
- EIN
- 20-6363957
Organization Overview
Myfifident Foundation is located in Cumming, GA. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myfifident 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, Myfifident Foundation generated $449.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $403.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Myfifident Foundation has awarded 26 individual grants totaling $323,457. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tanner Smith Executive Director | 40 | $27,518 | |
Derek V Smith Trustee | 5 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,655 |
| Dividends & Interest | $320,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $126,904 |
| Capital Gain Net Income | $126,904 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $449,419 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,219 |
| Other employee salaries and wages | $67,518 |
| Pension plans, employee benefits | $48,617 |
| Interest | $0 |
| Taxes | $16,821 |
| Depreciation | $0 |
| Occupancy | $1,397 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,911 |
| Total operating and administrative expenses | $290,165 |
| Contributions, gifts, grants paid | $113,664 |
| Total expenses and disbursements | $403,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $329,576 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $359,153 |
| Total assets | $8,800,985 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Myfifident Foundation has awarded $113,664 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DIAMONDS OVER GEORGIA PURPOSE: TO PROVIDE GENERAL SUPPORT | $10,000 |
GULFSHORE PLAYHOUSE PURPOSE: TO PROVIDE GENERAL SUPPORT | $5,000 |
LEUCHIE HOUSE PURPOSE: TO PROVIDE GENERAL SUPPORT | $17,145 |
MERCY CENTER MINISTRIES INC PURPOSE: TO PROVIDE GENERAL SUPPORT | $4,000 |
MUIRFIELD RIDING THERAPY PURPOSE: TO PROVIDE GENERAL SUPPORT | $24,519 |
PAWS FOR LIFE PURPOSE: TO PROVIDE GENERAL SUPPORT | $10,000 |