Grateful Hearts Foundation
- Assets
- $801.4k
- Revenue
- $104.0k
- Investments
- $673.8k
- Employees
- 0
- Location
- Sheridan, WY
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 26-1566454
Organization Overview
Grateful Hearts Foundation is located in Sheridan, WY. The organization was established in 2008. 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. Grateful Hearts 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 12/2021, Grateful Hearts Foundation generated $104.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $62.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grateful Hearts Foundation has awarded 81 individual grants totaling $296,525. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benedict Davis Rhinesmith Vice President | 1 | $0 | |
Bonnie J Rhinesmith Pres/exec Dir | 1 | $0 | |
R Bret Rhinesmith Sec & Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $20,422 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,609 |
| Capital Gain Net Income | $83,609 |
| Net ST Capital Gain | $5,060 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $472 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,124 |
| Total operating and administrative expenses | $7,446 |
| Contributions, gifts, grants paid | $54,978 |
| Total expenses and disbursements | $62,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $127,677 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $801,431 |
| 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 | $925 |
| Total liabilities | $925 |
Grants Awarded
Over the last fiscal year, Grateful Hearts Foundation has awarded $54,978 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
SROM PURPOSE: TECHNICAL DEEP WILDERNESS EXPEDITIONS TO BIRTH AND GROW MATURE CHRIST FOLLOWERS | $11,500 |
CAMP ID-RA-HA-JE PURPOSE: CAMPER/COUNSELOR SCHOLARSHIP | $10,290 |
Agoura Hills, CA PURPOSE: SHARE THE HOPE OF THE GOSPEL AND GIVE PRACTICAL HELP TO PEOPLE IMPACTED BY DISABILITY. | $10,000 |
CRU LIFELINES PURPOSE: HELPING TAKE THE GOSPEL OF JESUS CHRIST TO ALL NATIONS. | $6,000 |
Sheridan, WY PURPOSE: PREACH GOSPEL THROUGH YOUTH PROGRAMS | $5,000 |
WILDERNESS MINISTRY INSTITUTE PURPOSE: EQUIPPING THE PUBLIC TO LEAD TRANSFORMATIONAL WILDERNESS EXPERIENCES. | $2,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
The Dixie And Anne Leavitt Foundation Cedar City, UT | $52,405,557 | $11,398,374 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |
Merle Chambers Fund Denver, CO | $66,462,880 | $7,349,081 |
Scott W And Betsy D Thornton Family Foundation Park City, UT | $4,627,448 | $2,183,609 |
Rob and Terry Ryan Foundation (MONTANA) INC Hamilton, MT | $0 | $1,856,642 |
Mutual Of Omaha Foundation Omaha, NE | $120,899,798 | $13,368,524 |
Claire M Hubbard Foundation Omaha, NE | $31,541,308 | $3,169,912 |
Maffei Foundation Denver, CO | $13,828,182 | $18,020,171 |
D F Dillon Foundation Lincoln, NE | $47,396,549 | $3,325,825 |
The Denver Health And Hospitals Foundation Denver, CO | $28,533,635 | $6,042,640 |
Sturm Family Foundation Denver, CO | $102,941,130 | $16,700,881 |