Hargrove Family Foundation
- Assets
- $256.9k
- Revenue
- $33.5k
- Investments
- $216.3k
- Employees
- 0
- Location
- Edmond, OK
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 73-1601947
Organization Overview
Hargrove Family Foundation is located in Edmond, OK. The organization was established in 2001. 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. Hargrove Family Foundation 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, Hargrove Family Foundation generated $33.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $20.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hargrove Family Foundation has awarded 21 individual grants totaling $277,556. 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 |
|---|---|---|---|
Kevin Hargrove President | 0 | $0 | |
Julie Hargrove Vice Pres | 0 | $0 | |
Kevin Hargrove Treasurer | 0 | $0 | |
Julie Hargrove Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $44 |
| Dividends & Interest | $4,701 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,048 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$58,185 |
| Total Revenue | $33,512 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,361 |
| Total operating and administrative expenses | $2,424 |
| Contributions, gifts, grants paid | $18,390 |
| Total expenses and disbursements | $20,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,421 |
| 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 | $103,636 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,199 |
| Total assets | $256,915 |
| 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, Hargrove Family Foundation has awarded $18,390 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSINGS COMMUNITY CHURCH PURPOSE: GENERAL FUND | $6,250 |
OKLAHOMA COUNCIL OF PUBLIC AFFAIRS PURPOSE: GENERAL FUNDS | $1,000 |
OK SPORTS HALL OF FAME PURPOSE: GENERAL FUNDS | $11,140 |