Horton Family Foundation Inc
- Assets
- $1.4m
- Revenue
- $139.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 01/2011
- Data as of
- 12/2022
- EIN
- 27-4171977
Organization Overview
Horton Family Foundation Inc is located in Greenville, NC. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Horton 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, Horton Family Foundation Inc generated $139.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $94.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Horton Family Foundation Inc has awarded 32 individual grants totaling $304,850. 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
PROVIDE FUNDING ONLY TO SECTION 501(C)(3) CHARITABLE ORGANIZATIONS IN NEED OF SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Loyd Horton III Pre/treasurer | 1 | $0 | |
Dorothy Jamison Horton Vp/secretary | 0.5 | $0 | |
Carolyn Christian Horton Vp/asst Secr | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $1,544 |
| Dividends & Interest | $45,914 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,857 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53 |
| Total Revenue | $139,654 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $990 |
| Total operating and administrative expenses | $20,476 |
| Contributions, gifts, grants paid | $74,000 |
| Total expenses and disbursements | $94,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,015 |
| Savings and temporary cash investments | $196,190 |
| 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 | $362,009 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,394,670 |
| 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, Horton Family Foundation Inc has awarded $74,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BERTIE COUNTY HUMANE SOCIETY-DIVISION OF ROANOKE CHOWAN HUMANE SOCIETY INC PURPOSE: OUR MISSION IS TO PROTECT AND SHELTER THE STRAY, ORPHANED, ABANDONED, & UNWANTED ANIMALS OF BERTIE COUNTY. | $1,000 |
EAST CAROLINA MUSICAL ARTS ED FOUNDATION PURPOSE: TO ENCOURAGE AND SUPPORT COLLABORATIVE VENTURES BETWEEN ST. PAUL'S EPISCOPAL CHURCH, THE EAST CAROLINA UNIVERSITY SCHOOL OF MUSIC, AND THE CITY OF GREENVILLE NORTH CAROLINA | $1,000 |
MARINE TOYS FOR TOTS FOUNDATION PURPOSE: THE BASIC MISSION OF THE MARINE TOYS FOR TOTS PROGRAM IS TO COLLECT NEW UNWRAPPED TOYS AND DISTRIBUTE THOSE TOYS TO LESS FORTUNATE CHILDREN AT CHRISTMAS. | $1,000 |
BOYS & GIRLS CLUBS OF THE COASTAL PLAIN PURPOSE: INVESTING IN THE YOUTH & ESPECIALLY THOSE WHO NEED HELP THE MOST.IMPACTING THE LIVES OF DESERVING CHILDREN,THEIR FAMILIES & OUR EASTERN NC COMMUNITIES | $1,000 |
NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC PURPOSE: ASSIST WITH SUPPORTING FINANCIAL ASSISTANCE,LIBRARIES,VARIOUS COLLEGES WITHIN THE UNIVERSITY | $50,000 |
GREENVILLE MUSEUM OF ART PURPOSE: TO INSPIRE, EDUCATE, AND CONNECT PEOPLE THROUGH THE VISUAL ARTS BY WAY OF OUR COLLECTION, EXHIBITIONS, AND PROGRAMS. | $1,000 |