Asbury Foundation Of Hattiesburg Inc
- Assets
- $27.8m
- Revenue
- $755.7k
- Investments
- $25.9m
- Employees
- 0
- Location
- Hattiesburg, MS
- Founding
- 04/2003
- Data as of
- 12/2022
- 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 12/2022, Asbury Foundation Of Hattiesburg Inc generated $755.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Asbury Foundation Of Hattiesburg Inc has awarded 128 individual grants totaling $19,953,038. 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 Glenn Galey Board Member | 0.25 | $4,000 | |
Mr Harry Mcarthur Board Member | 0.25 | $3,500 | |
Mr William Ray CEO & Board Mem | 30 | $195,217 | |
Ms Jan Lacy Board Member | 0.25 | $4,500 | |
Mr Joseph Hurston Board Member | 0.25 | $4,000 | |
Mr Ray Humphreys Board Member | 0.25 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $729,878 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,192 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,000 |
| Total Revenue | $755,686 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $221,217 |
| Other employee salaries and wages | $60,955 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,447 |
| Depreciation | $2,383 |
| Occupancy | $33,145 |
| Travel, conferences, and meetings | $1,596 |
| Printing and publications | $0 |
| Other expenses | $144,570 |
| Total operating and administrative expenses | $526,313 |
| Contributions, gifts, grants paid | $1,730,508 |
| Total expenses and disbursements | $2,256,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $561,850 |
| Savings and temporary cash investments | $1,277,585 |
| 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 | $12,579 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,339,051 |
| Net Land, buildings, and equipment | $12,271 |
| Other assets | $0 |
| Total assets | $27,754,146 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,262,889 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $30,862 |
| Total liabilities | $1,293,751 |
Grants Awarded
Over the last fiscal year, Asbury Foundation Of Hattiesburg Inc has awarded $1,730,508 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ABBIE ROGERS CIVITIAN CAMP ENDOWMENT FUND PURPOSE: TORNADO RESTORATION AND IMPROVEMENTS AT CAMP ITI KANA. | $231,359 |
AREA DEVELOPMENT PARTNERSHIP PURPOSE: PINACLE CAMPAIGN | $40,000 |
CHRISTIAN FOOD MISSIONS INC PURPOSE: FOOD PANTRY PROGRAM | $50,000 |
EDWARDS STREET MISSION PURPOSE: FOOD PANTRY PROGRAM | $50,000 |
CHRISTIAN SERVICES OF AMERICA PURPOSE: FOOD PANTRY PROGRAM | $300,000 |
EXTRA TABLE INC PURPOSE: FOOD PANTRY AND SOUP KITCHENS | $50,000 |