Asbury Foundation Of Hattiesburg Inc
- Assets
- $35.0m
- Revenue
- $3.7m
- Investments
- $33.4m
- Employees
- 0
- Location
- Hattiesburg, MS
- Founding
- 04/2003
- Data as of
- 12/2021
- EIN
- 64-0692161
Organization Overview
Asbury Foundation Of Hattiesburg Inc is located in Hattiesburg, MS. The organization was established in 2003. According to its NTEE Classification (T31) the organization is classified as: Community 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. Asbury Foundation Of Hattiesburg 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 12/2021, Asbury Foundation Of Hattiesburg Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 7 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 2016, Asbury Foundation Of Hattiesburg Inc has awarded 117 individual grants totaling $18,120,245. 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 |
|---|---|---|---|
Mr William Ray CEO & Board Mem | 30 | $183,746 | |
Mr Ray Humphreys Board Member | 0.25 | $4,500 | |
Mr Ron Cain Board Member | 0.25 | $4,500 | |
Mr Joseph Hurston Board Member | 0.25 | $4,500 | |
Mr Glenn Galey Board Member | 0.25 | $4,500 | |
Mr Harry Mcarthur Board Member | 0.25 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $868,966 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,817,600 |
| Capital Gain Net Income | $2,817,600 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53,369 |
| Total Revenue | $3,739,935 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $210,246 |
| Other employee salaries and wages | $57,895 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $84,265 |
| Depreciation | $2,854 |
| Occupancy | $32,374 |
| Travel, conferences, and meetings | $1,674 |
| Printing and publications | $0 |
| Other expenses | $180,349 |
| Total operating and administrative expenses | $596,637 |
| Contributions, gifts, grants paid | $3,127,320 |
| Total expenses and disbursements | $3,723,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,468 |
| Savings and temporary cash investments | $1,521,033 |
| 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 | $4,455,845 |
| Net Land, buildings, and equipment | $1,868 |
| Other assets | $0 |
| Total assets | $35,034,699 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,670,883 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $138,756 |
| Total liabilities | $1,809,639 |
Grants Awarded
Over the last fiscal year, Asbury Foundation Of Hattiesburg Inc has awarded $3,127,320 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Hattiesburg, MS PURPOSE: GRANT FOR COLLEGE OF HEALTH SCIENCE BUILDING, SCHOLARSHIP | $700,000 |
HOMES OF HOPE FOR CHILDREN PURPOSE: GRANT FOR BUILDING OF THE DIRECTOR HOME | $325,000 |
Petal, MS PURPOSE: SCHOOL CONSTRUCTION | $250,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: UNRESTRICTED AND MINISTRY STAFF AT WILLIAM CAREY UNIVERSITY | $210,000 |
PEARL RIVER COMMUNITY COLLEGE PURPOSE: ASBURY ENDOWED SCHOLARSHIP | $200,000 |
JONES COUNTY JUNIOR COLLEGE FOUNDATION PURPOSE: ASBURY ENDOWED SCHOLARSHIP | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Excellerate Foundation Rogers, AR | $1,422,117 | $18,582,776 |
Community Foundation Of Acadiana Lafayette, LA | $154,976,502 | $32,964,309 |
Create Foundation Inc Tupelo, MS | $145,002,531 | $17,703,695 |
Community Foundation For Mississippi Jackson, MS | $83,674,378 | $14,302,332 |
Community Foundation Of North Louisiana Shreveport, LA | $154,534,783 | $16,289,106 |
Community Foundation Of South Alabama Mobile, AL | $98,008,361 | $13,565,867 |
Black Belt Community Foundation Inc Selma, AL | $7,710,786 | $9,571,772 |
Regions Foundation Birmingham, AL | $110,509,488 | $11,829,710 |
Central Alabama Community Foundation Inc Montgomery, AL | $93,881,610 | $11,219,091 |
Community Foundation Of Greater Huntsville Huntsville, AL | $48,014,878 | $14,690,741 |
Community Foundation Of Northwest Mississippi Inc Hernando, MS | $38,392,407 | $12,270,010 |
Gulf Coast Community Foundation Inc Gulfport, MS | $35,964,703 | $3,389,932 |