Christian Heritage Foundation Inc
- Assets
- $1.3m
- Revenue
- $294.3k
- Investments
- $1.1m
- Employees
- 0
- Location
- Cleburne, TX
- Founding
- 04/1983
- Data as of
- 12/2021
- EIN
- 75-3089059
Organization Overview
Christian Heritage Foundation Inc is located in Cleburne, TX. The organization was established in 1983. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, 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. Christian Heritage 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 12/2021, Christian Heritage Foundation Inc generated $294.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $579.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Christian Heritage Foundation Inc has awarded 315 individual grants totaling $837,973. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Garrett President | 40 | $41,437 | |
Rick Douglas Trustee | 0 | $0 | |
Roger Harmon Trustee | 0 | $0 | |
Cindy Rigby Secretary | 0 | $0 | |
Harold Gilliam Vice Chairman | 0 | $0 | |
Mary Ann Mize Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,333 |
| Dividends & Interest | $28,231 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $250,689 |
| Capital Gain Net Income | $250,689 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $294,253 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,348 |
| Other employee salaries and wages | $98,912 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,130 |
| Depreciation | $26,012 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $53 |
| Other expenses | $187,061 |
| Total operating and administrative expenses | $449,177 |
| Contributions, gifts, grants paid | $130,152 |
| Total expenses and disbursements | $579,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $127,294 |
| 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 | $871,972 |
| Net Land, buildings, and equipment | $109,108 |
| Other assets | $0 |
| Total assets | $1,336,414 |
| 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 | $1,665 |
| Total liabilities | $1,665 |
Grants Awarded
Over the last fiscal year, Christian Heritage Foundation Inc has awarded $130,152 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Cleburne, TX PURPOSE: GENERAL SUPPORT | $66,484 |
Cleburne, TX PURPOSE: GENERAL SUPPORT | $13,932 |
KEENE SEVENTH DAY ADVENTIST PURPOSE: GENERAL SUPPORT | $8,149 |
FIRST UNITED METHODIST CHURCH-CLEBURNE PURPOSE: GENERAL SUPPORT | $6,365 |
OPEN DOOR MINISTRIES PURPOSE: GENERAL SUPPORT | $4,738 |
FIRST UNITED METHODIST CHURCH-ALVARADO PURPOSE: GENERAL SUPPORT | $4,123 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Christian Heritage Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
George E Seay Iii Foundation Dallas, TX PURPOSE: TO EXPLAIN THE HERITAGE OF CHRISTIANITY BY SPONSORING MISSIONARIES TO SERVE AT CAMBRIDGE UNIVERSITY, LONDON, EDINBROUQH, SPONSORING LECTURES AL CHURCHES AND UNIVERSITIES AND PUBLISHING AND DISTRIBUTING RELIGIOUS LITERATURE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Church Loan Corporation Dallas, TX | $159,669,152 | $6,699,447 |
Presbyterian Communities And Services Dallas, TX | $18,546,633 | $4,334,623 |
Legacy Of Yogi Bhajan Foundation Santa Cruz, NM | $17,787,649 | $1,568,900 |
The Ruth Foundation Dallas, TX | $4,489,320 | $233,856 |
Ria Charitable Investments Inc Dallas, TX | $87,787,681 | $1,614,739 |
Noah Arc Community Development Corporation Inc Minden, LA | $7,905,393 | $1,130,663 |
Anglican Communion Compass Rose Society Inc Houston, TX | $134,399 | $941,707 |
Global Evangelical Team Inc Huntsville, TX | $1,173,041 | $1,080,905 |
National Christian Charitable Foundation Inc Houston, TX | $829,974 | $998,297 |
The Thanks-Giving Foundation Dallas, TX | $2,754,536 | $764,224 |
Baptist Missionary Loan Association Waxahachie, TX | $19,801,107 | $710,852 |
Christian Heritage Foundation Inc Cleburne, TX | $1,336,414 | $294,253 |