Borrowed Hearts Foundation
- Assets
- $611.4k
- Revenue
- $154.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Evansville, IN
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 81-1358951
Organization Overview
Borrowed Hearts Foundation is located in Evansville, IN. The organization was established in 2017. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2023, Borrowed Hearts Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Borrowed Hearts 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, Borrowed Hearts Foundation generated $154.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $171.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD THE EFFORTS IN WHICH EVERY FOSTER FAMILY ATTAINS THE RIGHTS TO CLOTHING, HYGIENE, DEVELOPMENT, AND A LOVING SUPPORT SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO LEAD THE EFFORTS IN WHICH EVERY FOSTER FAMILY ATTAINS THE RIGHTS TO CLOTHING, HYGIENE, DEVELOPMENT, AND A LOVING SUPPORT SYSTEM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kasey Fuquay Board Member | Trustee | 0 | $0 |
Tamika Warren Board Member | Trustee | 0 | $0 |
Billye Beckham Executive Director | Trustee | 0 | $0 |
Ashley Hook Treasurer | OfficerTrustee | 0 | $0 |
Gina Gibson President | Officer | 0 | $0 |
Daryl Marin Vice President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,260 |
| Total Program Service Revenue | $0 |
| Investment income | $199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $154,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,673 |
| Compensation of current officers, directors, key employees. | $12,735 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $483 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,374 |
| Fees for services: Management | $18,533 |
| Fees for services: Legal | $2,460 |
| Fees for services: Accounting | $6,986 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,773 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,711 |
| Office expenses | $11,211 |
| Information technology | $4,109 |
| Royalties | $0 |
| Occupancy | $18,221 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,719 |
| Insurance | $6,556 |
| All other expenses | $1,529 |
| Total functional expenses | $171,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,687 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $298,752 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $611,439 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $27,211 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,211 |
| Net assets without donor restrictions | $533,241 |
| Net assets with donor restrictions | $50,987 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $611,439 |