Psalm 116 12 Foundation
- Assets
- $1.8m
- Revenue
- $45.3k
- Investments
- $1.3m
- Employees
- 0
- Location
- Chaffee, NY
- Founding
- 06/2003
- Data as of
- 12/2023
- EIN
- 02-6151036
Organization Overview
Psalm 116 12 Foundation is located in Chaffee, NY. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Psalm 116 12 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, Psalm 116 12 Foundation generated $45.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $107.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Psalm 116 12 Foundation has awarded 29 individual grants totaling $1,009,100. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas R Zugger Director | 0 | $0 | |
Marshall Mccarty Director | 0 | $0 | |
Kathleen M Balus Director | 0 | $0 | |
Mark S Balus Director | 0 | $0 | |
Cameron Mccarty Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,716 |
| Dividends & Interest | $34,039 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,518 |
| Capital Gain Net Income | $4,518 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,273 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,626 |
| Contributions, gifts, grants paid | $95,500 |
| Total expenses and disbursements | $107,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,429 |
| 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 | $1,220,393 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $450,000 |
| Total assets | $1,783,822 |
| 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, Psalm 116 12 Foundation has awarded $95,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL BAPTIST CHRISTIAN SCHOOL PURPOSE: FUNDING FOR SCHOOL ACTIVITES | $90,000 |
SUBURBAN ADULT SERVICES INC PURPOSE: FUNDING FOR PROGRAMS | $500 |
NYS OPWDD CHOICES PURPOSE: FUNDING FOR ACTIVITIES | $2,500 |
WYOMING COUNTY COMMUNITY ACTION PURPOSE: COMMUNITY SUPPORT SERVICES | $2,500 |