The Humble Heart - Gentle Soul Foundation
- Assets
- $54.1m
- Revenue
- $2.6m
- Investments
- $45.3m
- Employees
- 0
- Location
- Parma, OH
- Founding
- Data as of
- 12/2022
- EIN
- 85-1807597
Organization Overview
The Humble Heart - Gentle Soul Foundation is located in Parma, OH. 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. Humble Heart - Gentle Soul 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, Humble Heart - Gentle Soul Foundation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (63.2%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Humble Heart - Gentle Soul Foundation has awarded 37 individual grants totaling $5,259,627. 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 |
|---|---|---|---|
Brian C Mulhall President, Chairperson & Treasurer | 5 | $0 | |
FR Walt Jenne Vice President | 1 | $0 | |
Kristi Watson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,185,780 |
| Interest on Savings | $162,437 |
| Dividends & Interest | $691,337 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,406,894 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,632,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $68,965 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $221,487 |
| Total operating and administrative expenses | $302,389 |
| Contributions, gifts, grants paid | $2,691,627 |
| Total expenses and disbursements | $2,994,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,432,480 |
| Savings and temporary cash investments | $1,340,971 |
| 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 | $3,879,901 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $959,428 |
| Total assets | $54,051,607 |
| 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, The Humble Heart - Gentle Soul Foundation has awarded $2,691,627 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ANIRIDIA FOUNDATION INTERNATIONAL PURPOSE: GENERAL FUND | $100,000 |
BEAT THE STREETS PURPOSE: GENERAL FUND | $200,000 |
I'M IN MINISTRY PURPOSE: GENERAL FUND | $68,436 |
MATER DEI ACADEMY PURPOSE: GENERAL FUND | $15,000 |
TOUCHING TINY LIVES FOUNDATION PURPOSE: GENERAL FUND | $100,000 |
TRANSPLANT HOUSE OF CLEVELAND PURPOSE: GENERAL FUND | $100,000 |