The Bone Hill Foundation
- Assets
- $18.2m
- Revenue
- $1.4m
- Investments
- $8.6m
- Employees
- 0
- Location
- Lufkin, TX
- Founding
- 08/1992
- Data as of
- 12/2023
- EIN
- 75-6279006
Organization Overview
The Bone Hill Foundation is located in Lufkin, TX. The organization was established in 1992. 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. Bone Hill 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 12/2023, Bone Hill Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $727.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2013, Bone Hill Foundation has awarded 111 individual grants totaling $3,735,368. 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 |
|---|---|---|---|
Roy Blackshear Chairman | 0 | $0 | |
Ted A Lankford Deceased Treasurer | 0 | $0 | |
Bob Reeves Trustee | 0 | $0 | |
Yvette Sidnell Treasurer/secretary | 0 | $0 | |
Dr Gary D Kronrad Vice Chairman | 0 | $0 | |
Terry Scull Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $352,565 |
| Net Rental Income | $39,011 |
| Net Gain on Sale of Assets | $699,058 |
| Capital Gain Net Income | $699,058 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $269,418 |
| Total Revenue | $1,360,052 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $15,310 |
| Taxes | $24,453 |
| Depreciation | $37,918 |
| Occupancy | $2,638 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $72,934 |
| Total operating and administrative expenses | $240,605 |
| Contributions, gifts, grants paid | $487,255 |
| Total expenses and disbursements | $727,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,933 |
| 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 | $8,552,677 |
| Net Land, buildings, and equipment | $9,211,712 |
| Other assets | $468,256 |
| Total assets | $18,246,578 |
| 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 | $377,554 |
| Other liabilities | $777 |
| Total liabilities | $378,331 |
Grants Awarded
Over the last fiscal year, The Bone Hill Foundation has awarded $487,255 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELINA COLLEGE PURPOSE: EDUCATION | $27,000 |
CENTER ISD PURPOSE: EDUCATION | $90,000 |
JOAQUIN ISD PURPOSE: EDUCATION | $16,555 |
PANOLA COLLEGE PURPOSE: EDUCATION | $25,146 |
ROUGHRIDER ACADEMY PURPOSE: EDUCATION | $5,000 |
SHELBYVILLE ISD PURPOSE: EDUCATION | $22,000 |