Harding Foundation
- Assets
- $456.4k
- Revenue
- $24.1k
- Investments
- $432.2k
- Employees
- 0
- Location
- Raymondville, TX
- Founding
- 06/1949
- Data as of
- 12/2022
- EIN
- 74-6025883
Organization Overview
Harding Foundation is located in Raymondville, TX. The organization was established in 1949. 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. Harding 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, Harding Foundation generated $24.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $55.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Harding Foundation has awarded 95 individual grants totaling $120,150. 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 |
|---|---|---|---|
Douglas Harding President | 20 | $18,000 | |
Stephanie Mccoy Secretary | 10 | $2,037 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,530 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,641 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $9,704 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,173 |
| Total Revenue | $24,062 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $2,037 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,744 |
| Depreciation | $0 |
| Occupancy | $3,382 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,818 |
| Total operating and administrative expenses | $40,981 |
| Contributions, gifts, grants paid | $14,250 |
| Total expenses and disbursements | $55,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $650 |
| Savings and temporary cash investments | $22,169 |
| Net Accounts receivable | $1,315 |
| 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 | $86,335 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $456,358 |
| Accounts payable and accrued expenses | $933 |
| 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 | $933 |
Grants Awarded
Over the last fiscal year, Harding Foundation has awarded $14,250 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
LUCAS OLIVARES PURPOSE: EDUCATION | $1,500 |
WILLACY CO MUSEUM PURPOSE: CIVIC | $200 |
ADULT & TEEN CHALLENGE PURPOSE: CHARITABLE | $200 |
UNION GOSPEL PURPOSE: RELIGIOUS | $250 |
NAKWON YOU PURPOSE: EDUCATION | $3,000 |
FIRST UNITED METH CHURC PURPOSE: RELIGIOUS | $1,500 |