Iron Horse Family Foundation Inc
- Assets
- $6.5m
- Revenue
- $627.3k
- Investments
- $6.1m
- Employees
- 0
- Location
- Lakeland, FL
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 82-5342406
Organization Overview
Iron Horse Family Foundation Inc is located in Lakeland, FL. The organization was established in 2018. 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. Iron Horse Family 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 12/2023, Iron Horse Family Foundation Inc generated $627.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (41.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Iron Horse Family Foundation Inc has awarded 104 individual grants totaling $3,985,260. 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 |
|---|---|---|---|
Elizabeth Taylor Director/ceo/president/tre | 5 | $0 | |
William D Taylor Director/vice President | 2 | $0 | |
Stephanie A Taylor Director | 2 | $0 | |
Alice Koehler Secretary | 20 | $50,441 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $63,357 |
| Dividends & Interest | $114,593 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $449,357 |
| Capital Gain Net Income | $449,357 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $627,307 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,441 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,523 |
| Depreciation | $0 |
| Occupancy | $20,490 |
| Travel, conferences, and meetings | $1,443 |
| Printing and publications | $0 |
| Other expenses | $273,938 |
| Total operating and administrative expenses | $364,904 |
| Contributions, gifts, grants paid | $979,417 |
| Total expenses and disbursements | $1,344,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,953 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,468,169 |
| 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, Iron Horse Family Foundation Inc has awarded $979,417 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ROCKY MOUNTAIN YOUTH CORPS PURPOSE: FOR CHARITABLE AND EDUCATIONAL ACTIVITIES CONSISTENT WITH ITS TAX-EXEMPT STATUS | $330,000 |
BOOK TRAILS PURPOSE: FOR CHARITABLE AND EDUCATIONAL ACTIVITIES CONSISTENT WITH ITS TAX-EXEMPT STATUS | $150,000 |
YAMPA VALLEY AUTISM PROGRAM PURPOSE: FOR CHARITABLE AND EDUCATIONAL ACTIVITIES CONSISTENT WITH ITS TAX-EXEMPT STATUS | $60,000 |
KIWANIS CLUB OF THE CITRUS CENTER FOUNDATION PURPOSE: FOR CHARITABLE AND EDUCATIONAL ACTIVITIES CONSISTENT WITH ITS TAX-EXEMPT STATUS | $60,000 |
HEARTLAND FOR CHILDREN PURPOSE: FOR CHARITABLE AND EDUCATIONAL ACTIVITIES CONSISTENT WITH ITS TAX-EXEMPT STATUS | $50,000 |
PARTNERS FOR YOUTH PURPOSE: FOR CHARITABLE AND EDUCATIONAL ACTIVITIES CONSISTENT WITH ITS TAX-EXEMPT STATUS | $45,000 |