Quarterman Foundation Inc is located in Toccoa, GA.
For the year ending 12/2016, Quarterman Foundation Inc generated $21.9k in total revenue. All expenses for the organization totaled $21.9k during the year ending 12/2016. While expenses have increased by 368.0% per year over the past 2 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
2016
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PROGRAMS TO FEED THE POOR AND CARE FOR THOSE WITH LIMITIED RESOURCES.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Quarterman Director | 1 | $0 | |
Cynthia Quarterman Financial Director | 1 | $0 | |
Pat Timms Board Member | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,900 |
| 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 | $4,800 |
| Printing and publications | $0 |
| Other expenses | $16,000 |
| Total operating and administrative expenses | $20,800 |
| Contributions, gifts, grants paid | $1,100 |
| Total expenses and disbursements | $21,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 |
Over the last fiscal year, Quarterman Foundation Inc has awarded $1,100 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TOCCOA FALLS COLLEGE PURPOSE: FOR SCHOLARSHIPS TO LOW INCOME STUDENTS | $500 |
JIAN HUA FOUNDATION PURPOSE: FOR ASSISTANCE TO INDIGENT FAMILIES | $200 |
LEON AND RACHEL GATHANY MUSEUM FOUNDATION INC PURPOSE: FOR ASSISTANCE IN CUTURAL ART PRESERVATION | $200 |
YOUTH WITH A MISSION INC PURPOSE: FOR PROVIDING ASSISTANCE TO YOUTH ON MISSIONS | $100 |
SOUTHERN APPALACHIAN WILDERNESS STEWARDS INC PURPOSE: FOR ASISTANCE WITH WILDLIFE PRESERVATION | $100 |