Battle Foundation Inc
- Assets
- $475.1k
- Revenue
- $77.3k
- Investments
- $449.7k
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 03/1949
- Data as of
- 12/2022
- EIN
- 56-6060618
Organization Overview
Battle Foundation Inc is located in Memphis, TN. The organization was established in 1949. 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. Battle 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 12/2022, Battle Foundation Inc generated $77.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $40.3k during the year ending 12/2022. While expenses have increased by 28.0% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte B Robbins President | 0 | $0 | |
Craig L Battle Vice President | 0 | $0 | |
Charlotte T Battle Treasurer | 0 | $0 | |
John M Mebane Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,562 |
| Dividends & Interest | $15,870 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,912 |
| Capital Gain Net Income | $58,912 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,344 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,060 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,012 |
| Total operating and administrative expenses | $12,322 |
| Contributions, gifts, grants paid | $28,000 |
| Total expenses and disbursements | $40,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,433 |
| 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 | $475,118 |
| 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, Battle Foundation Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF THE GOOD SHEPHERD PURPOSE: OPERATING EXPENSES | $5,000 |
UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL PURPOSE: CHRISTIAN STUDY CENTER, CANCER RESEARCH, EXCELLENCE IN TEACHING RESEARCH | $30,000 |