Jim G Hetherly Foundation
- Assets
- $1.1m
- Revenue
- $131.9k
- Investments
- $991.4k
- Employees
- 0
- Location
- Bryan, TX
- Founding
- 05/2012
- Data as of
- 12/2023
- EIN
- 45-3557961
Organization Overview
Jim G Hetherly Foundation is located in Bryan, TX. The organization was established in 2012. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jim G Hetherly 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 12/2023, Jim G Hetherly Foundation generated $131.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $51.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jim G Hetherly Foundation has awarded 51 individual grants totaling $485,500. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COLLEGE EDUCATION SCHOLARSHIPS FOR COLLEGE BOUND HIGH SCHOOL SENIORS. THE 2021 PAYMENTS WENT TO THREE SEPARATE UNIVERSITIES FOR 9 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie H Laine President | 4 | $0 | |
David Laine Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $96,231 |
| Interest on Savings | $27,219 |
| Dividends & Interest | $8,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $68,898 |
| Net ST Capital Gain | $12,822 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $131,941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $556 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,541 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $51,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $116,213 |
| 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 | $1,107,630 |
| 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, Jim G Hetherly Foundation has awarded $50,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS A&M UNIVERSITY PURPOSE: SCHOLARSHIP FORCOLLEGE STUDENTS | $3,000 |
YOUNG LIFE PURPOSE: MINISTRY SUPPORT | $18,000 |
FOOD FOR THE POOR PURPOSE: MINISTRY SUPPORT | $5,000 |
TARLETON STATE UNIVERSITY PURPOSE: SCHOLARSHIP FORCOLLEGE STUDENT | $3,000 |
HEART OF FORGIVENESS PURPOSE: MINISTRY SUPPORT | $3,000 |
UNBOUND BRYAN COLLEGE STATION PURPOSE: MINISTRY SUPPORT | $15,000 |