Mary E Haverty Foundation 6001100-055799
- Assets
- $2.9m
- Revenue
- $557.7k
- Investments
- $2.7m
- Employees
- 0
- Location
- Marietta, GA
- Founding
- 11/1958
- Data as of
- 12/2022
- EIN
- 58-6035161
Organization Overview
Mary E Haverty Foundation 6001100-055799 is located in Marietta, GA. The organization was established in 1958. 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. Mary E Haverty Foundation 6001100-055799 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, Mary E Haverty Foundation 6001100-055799 generated $557.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $224.0k during the year ending 12/2022. While expenses have increased by 3.0% 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.
Since 2015, Mary E Haverty Foundation 6001100-055799 has awarded 183 individual grants totaling $1,400,612. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben M Haverty Chairman/secretary | 2 | $0 | |
J Rawson Haverty Jr Trustee | 2 | $0 | |
Jane M Haverty Trustee/treasurer | 2 | $0 | |
Margaret H Glover Trustee | 1 | $0 | |
Mary E Haverty Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,506 |
| Dividends & Interest | $133,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $420,621 |
| Capital Gain Net Income | $420,621 |
| Net ST Capital Gain | $21,364 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $557,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,850 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $528 |
| Total operating and administrative expenses | $23,987 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $223,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,915 |
| 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 | $1,727,074 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,874,700 |
| 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, Mary E Haverty Foundation 6001100-055799 has awarded $200,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
MERCY CARE FOUNDATION PURPOSE: FAMILY HEALTHCLINIC EXPANSIONGENERAL PURPOSES | $40,000 |
ST JOSEPH'S MERCY CARE VISION CARE PROGRAM PURPOSE: GENERAL PURPOSE | $10,000 |
MISSION HOUSE PURPOSE: HOMELESSNESS | $20,000 |
FOOD FOR THE POOR PURPOSE: HOUSING AND FOOD FOR POOR | $20,000 |
YOUNG LIFE NW ATLANTA PURPOSE: GENERAL PURPOSES | $10,000 |
ELEVATE ATLANTA PURPOSE: GENERAL PURPOSES | $20,000 |