Horton Family Foundation Inc
- Assets
- $1.3m
- Revenue
- $198.3k
- Investments
- $1.3m
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 01/2011
- Data as of
- 12/2021
- 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 12/2021, Horton Family Foundation Inc generated $198.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $99.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Horton Family Foundation Inc has awarded 21 individual grants totaling $230,850. 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
2021
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 | $524 |
| Dividends & Interest | $38,510 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,914 |
| Capital Gain Net Income | $58,914 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $329 |
| Total Revenue | $198,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $179 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $720 |
| Printing and publications | $0 |
| Other expenses | $1,754 |
| Total operating and administrative expenses | $24,009 |
| Contributions, gifts, grants paid | $75,850 |
| Total expenses and disbursements | $99,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177 |
| Savings and temporary cash investments | $38,995 |
| 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 | $350,069 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,349,492 |
| 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 $75,850 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: ASSIST WITH SUPPORTING FINANCIAL ASSISTANCE,LIBRARIES,VARIOUS COLLEGES WITHIN THE UNIVERSITY | $55,000 |
ST PAUL'S EPISCOPAL CHURCH PURPOSE: LEGACY FUND FOUNDATION | $14,600 |
THE SALVATION ARMY PURPOSE: TO ASSIST WITH FAMILIES IN NEED. | $2,000 |
Greenville, NC PURPOSE: TO INSPIRE, EDUCATE, AND CONNECT PEOPLE THROUGH THE VISUAL ARTS BY WAY OF OUR COLLECTION, EXHIBITIONS, AND PROGRAMS. | $1,000 |
NEW LIFE CAMP PURPOSE: NLC STRIVES TO BE A LOCATION WHERE CHILDREN AND THEIR FAMILIES ARE ACCEPTED AND EXPOSED TO THE LOVE OF JESUS WHILE EXPERIENCING ADVENTURE, EXHILARATION, EQUIPPING, AND BELONGING. | $1,000 |
Triangle, VA 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Robert H Smith Family Foundation Arlington, VA | $10,315,724 | -$3,599,936 |