Luther & Susie Harrison Foundation Inc
- Assets
- $52.2m
- Revenue
- $1.9m
- Investments
- $51.4m
- Employees
- 0
- Location
- Brunswick, GA
- Founding
- 01/1996
- Data as of
- 12/2022
- EIN
- 58-2169694
Organization Overview
Luther & Susie Harrison Foundation Inc is located in Brunswick, GA. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Luther & Susie Harrison 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, Luther & Susie Harrison Foundation Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (33.4%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Luther & Susie Harrison Foundation Inc has awarded 18 individual grants totaling $7,501,590. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia S Pruett Director | 0.2 | $67,702 | |
Kelley B Tison Director | 0.2 | $67,702 | |
Anne Marie Tison Director | 0.2 | $67,702 | |
Jay Tison Director | 0.2 | $67,702 | |
Michael Pruett Director | 0.2 | $67,702 | |
Rees Sumerford Manager | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $1,361,938 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $518,301 |
| Capital Gain Net Income | $518,301 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,825 |
| Total Revenue | $1,875,415 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $338,510 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,356 |
| Taxes | $63,271 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $182 |
| Other expenses | $21,630 |
| Total operating and administrative expenses | $546,635 |
| Contributions, gifts, grants paid | $2,901,590 |
| Total expenses and disbursements | $3,448,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,789 |
| Savings and temporary cash investments | $552,054 |
| Net Accounts receivable | $161,551 |
| 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 | $8,139,322 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $52,152,687 |
| 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, Luther & Susie Harrison Foundation Inc has awarded $2,901,590 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
EXPONENT PHILANTHROPHY PURPOSE: ANNUAL MEMBERSHIP - SUPPORT FOR AN ASSOCIATON FOR SMALL FOUNDATIONS | $1,590 |
FOCUS PURPOSE: FOR PROGRAM PROVIDING A WEEKEND SLEEP-AWAY CAMP FOR ATLANTA FAMILIES WHO HAVE CHILDREN WITH PHYSICAL AND DEVELOPMENTAL DISABLITIES | $200,000 |
PIEDMONT CASA INC PURPOSE: FOR EXPENSES IN RENOVATING OFFICE SPACE FOR THE ORGANIZATION. | $50,000 |
UNIVERSITY OF GEORGIA FOUNDATION PURPOSE: POULTRY SCIENCE BUILDING PLEDGE | $1,000,000 |
WESLEY FDN AT UNIVERSITY OF GEORGIA PURPOSE: CHAPEL RENOVATIONS. | $1,000,000 |
GEORGE WEST MENTAL HEALTH FOUNDATION PURPOSE: FOR FINANCIAL ASSISTANCE TO NEEDY INDIVIDUALS NEEDING MENTAL HEALTH TREATMENT | $650,000 |