L D Hancock Foundation Inc
- Assets
- $10.5m
- Revenue
- $311.4k
- Investments
- $7.1m
- Employees
- 0
- Location
- Tupelo, MS
- Founding
- 01/1976
- Data as of
- 12/2020
- EIN
- 64-0582491
Organization Overview
L D Hancock Foundation Inc is located in Tupelo, MS. The organization was established in 1976. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L D Hancock 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 12/2020, L D Hancock Foundation Inc generated $311.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $113.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (19.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, L D Hancock Foundation Inc has awarded 35 individual grants totaling $1,297,450. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTING LOCAL CHARITIES IN THEIR WORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine G Hancock Presdir | 0 | $0 | |
Billy Haygood Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $66,975 |
| Dividends & Interest | $109,657 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $133,894 |
| Capital Gain Net Income | $133,894 |
| Net ST Capital Gain | $72,106 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $865 |
| Total Revenue | $311,391 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $27,798 |
| Taxes | $5,993 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $113,045 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $113,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,550 |
| Savings and temporary cash investments | $56,344 |
| 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 | $3,220,019 |
| Other assets | $0 |
| Total assets | $10,545,558 |
| 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 | $1,436,273 |
| Other liabilities | $0 |
| Total liabilities | $1,436,273 |
Grants Awarded
Over the last fiscal year, L D Hancock Foundation Inc has awarded $303,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
DOYCE DEAS FOUNDATION PURPOSE: 501 C 3 EDUCATIONAL HELP | $100,000 |
HARRISBURG BAPTIST CHURCH PURPOSE: MINISTERING TO MEMBERS | $45,000 |
GLOBAL OUTREACH LIMITED PURPOSE: 501 C 3 CHARITY HELPING PEOPLE WORLD WIDE | $45,000 |
SANCTUARY HOSPICE PURPOSE: HELPS CRITICAL PATIENTS AND FAMILIES 501 C 3 | $20,000 |
EIGHT DAYS OF HOPE PURPOSE: HELPS IN ALL KINDS OS DISASTERS 501 C 3 | $20,000 |
TWELVE LOCAL CHARITIES PURPOSE: LOCAL CHARITIES HELPING OTHERS 501 C 3 | $16,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Compassion A Tennessee Non-Profit Corporation Cleveland, TN | $18,764,537 | $70,147,882 |
Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
Artists In Christian Testimony Brentwood, TN | $4,393,846 | $10,064,345 |
Love Worth Finding Ministries Inc Memphis, TN | $3,628,719 | $7,504,607 |
Phil Waldrep Evangelistic Association Decatur, AL | $5,783,944 | $9,174,147 |
Christian Motorcyclists Assn Inc Hatfield, AR | $5,956,243 | $7,886,367 |
Network Of Intl Christian Schools Oasis Intl Schools Inc Southaven, MS | $11,716,346 | $5,360,782 |
Legacytree Foundation Brentwood, TN | $68,286,678 | $7,487,383 |
Crown Financial Ministries Inc Knoxville, TN | $6,948,002 | $6,077,534 |
Jesus For Asia Inc Collegedale, TN | $2,191,560 | $4,408,093 |
Radical Inc Birmingham, AL | $3,516,878 | $5,751,598 |
Gospel Ministries International Inc Collegedale, TN | $2,771,067 | $3,656,651 |