Hearts Path Charitable Foundation Inc
- Assets
- $7.9m
- Revenue
- $911.9k
- Investments
- $7.7m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 04/2016
- Data as of
- 12/2023
- EIN
- 47-5625690
Organization Overview
Hearts Path Charitable Foundation Inc is located in Louisville, KY. The organization was established in 2016. 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. Hearts Path Charitable 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 12/2023, Hearts Path Charitable Foundation Inc generated $911.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $367.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Hearts Path Charitable Foundation Inc has awarded 79 individual grants totaling $2,983,336. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Ellen Marshall-Herza President | 4 | $25,000 | |
Andrew Davidson Treasurer | 4 | $25,000 | |
Emily Davidson Secretary | 4 | $25,000 | |
Wesley Spencer Director | 4 | $25,000 | |
Jonathon Davidson Director | 4 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $208,238 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $703,660 |
| Capital Gain Net Income | $703,660 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $911,898 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $412 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $177,972 |
| Contributions, gifts, grants paid | $189,300 |
| Total expenses and disbursements | $367,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $137,079 |
| 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 | $7,861,723 |
| 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, Hearts Path Charitable Foundation Inc has awarded $189,300 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HUMANE PURPOSE: GENERAL OPERATING EXPENSES FOR CHARITABLE OR EDUCATIONAL PURPOSES | $5,300 |
BEST FRIENDS ANIMAL SOCIETY PURPOSE: GENERAL OPERATING EXPENSES FOR CHARITABLE OR EDUCATIONAL PURPOSES | $2,500 |
HAVE A HEART CLINIC PURPOSE: GENERAL OPERATING EXPENSES FOR CHARITABLE OR EDUCATIONAL PURPOSES | $20,000 |
HORSESENSING INC PURPOSE: GENERAL OPERATING EXPENSES FOR CHARITABLE OR EDUCATIONAL PURPOSES | $5,000 |
HUMNANE RESCUE ALLIANCE PURPOSE: GENERAL OPERATING EXPENSES FOR CHARITABLE OR EDUCATIONAL PURPOSES | $15,000 |
PASSIONIST EARTH & SPIRIT CENTER PURPOSE: GENERAL OPERATING EXPENSES FOR CHARITABLE OR EDUCATIONAL PURPOSES | $5,000 |