Henson Benson Foundation
- Assets
- $454.6k
- Revenue
- $88.3k
- Investments
- $222.7k
- Employees
- 0
- Location
- Malvern, AR
- Founding
- 11/2010
- Data as of
- 03/2023
- EIN
- 26-3494283
Organization Overview
Henson Benson Foundation is located in Malvern, AR. The organization was established in 2010. 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. Henson Benson 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 03/2023, Henson Benson Foundation generated $88.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 50.3% each year . All expenses for the organization totaled $53.3k during the year ending 03/2023. While expenses have increased by 39.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARVEST OF HOPE BACKPACK PROGRAM
MALVERN TUGGLE RESTORATION ORGANIZATION
MALVERN ALUMNI YOUTH SKILLS & DRILLS CAMP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marion Gibson Director,president & Treasurer | 5 | $7,000 | |
Deborah Smith Director & Secretary | 1 | $1,000 | |
Cecilia Ashcraft Director & Board Of Director's Counsel | 1 | $1,000 | |
Nikki Benson Director | 2 | $0 | |
Bonnie Adams Director | 1 | $1,000 | |
Samuel Bryant Director | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,303 |
| Net Rental Income | -$2,128 |
| Net Gain on Sale of Assets | $34,592 |
| Capital Gain Net Income | $34,592 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $88,295 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $741 |
| Depreciation | $4,872 |
| Occupancy | $9,730 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $813 |
| Total operating and administrative expenses | $33,270 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $53,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,583 |
| Savings and temporary cash investments | $50,002 |
| 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 | $95,207 |
| Investments—mortgage loans | $0 |
| Investments—other | $222,672 |
| Net Land, buildings, and equipment | $72,111 |
| Other assets | $0 |
| Total assets | $454,575 |
| 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, Henson Benson Foundation has awarded $20,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS PURPOSE: OPERATING SUPPORT | $2,500 |
HARVEST OF HOPE PURPOSE: OPERATING SUPPORT | $2,500 |
MASONIC CEMETERY PURPOSE: OPERATING SUPPORT | $2,500 |
PERLA CEMETERY PURPOSE: OPERATING SUPPORT | $2,500 |
UNIVERSITY OF ARKANSAS FOR MEDICAL SCIENCES PURPOSE: OPERATING SUPPORT | $7,500 |
FEED THE NEEDY INC PURPOSE: OPERATING SUPPORT | $1,000 |