Huffines Educational Fund-Rbc
- Assets
- $59.1k
- Revenue
- $2.5k
- Investments
- $56.2k
- Employees
- 0
- Location
- Detroit, MI
- Founding
- Data as of
- 06/2018
- EIN
- 56-6046187
Organization Overview
Huffines Educational Fund-Rbc is located in Detroit, MI.
For the year ending 06/2018, Huffines Educational Fund-Rbc generated $2.5k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $7.2k during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (21.2%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,490 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,038 |
| Capital Gain Net Income | $1,038 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,184 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $7,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,920 |
| 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 | $5,562 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $59,149 |
| 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, Huffines Educational Fund-Rbc has awarded $4,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH CAROLINA WESLEYAN COLLEGE PURPOSE: GENERAL SUPPORT | $2,400 |
EDGECOMBE COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $800 |
NASH COMMUNITY COLLEGE PURPOSE: GENERAL SUPPORT | $800 |