Bruce Family Foundation Inc
- Assets
- $764.0k
- Revenue
- $4.0k
- Investments
- $760.2k
- Employees
- 0
- Location
- Tiger, GA
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 27-3111328
Organization Overview
Bruce Family Foundation Inc is located in Tiger, GA. The organization was established in 2010. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bruce Family Foundation Inc 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, Bruce Family Foundation Inc generated $4.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $66.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bruce Family Foundation Inc has awarded 36 individual grants totaling $764,830. 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 |
|---|---|---|---|
James F Bruce Jr President/ch | 0 | $0 | |
Deborah E Bruce Trustee | 0 | $0 | |
Jaime B Holliman Secretary | 0 | $0 | |
Taylor E Bruce Trustee | 0 | $0 | |
Robin W Bruce Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,771 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,755 |
| Capital Gain Net Income | $3,558 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,173 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,626 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $66,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,785 |
| 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 | $0 |
| Total assets | $764,028 |
| 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, Bruce Family Foundation Inc has awarded $55,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LAGRANGE COLLEGE PURPOSE: BRUCE ENDOWED SCHOLARSHIP | $5,000 |
FAITH IN PRACTICE PURPOSE: GENERAL FUND & SPONSOR | $25,000 |
XELA AID PARTNERSHIP FOR SELF RELIA PURPOSE: GENERAL FUND & SPONSOR | $25,000 |