Harvest Time Foundation
- Assets
- $2.6m
- Revenue
- $122.5k
- Investments
- $1.8m
- Employees
- 0
- Location
- Shelby, NC
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 06-1700689
Organization Overview
Harvest Time Foundation is located in Shelby, NC. The organization was established in 2008. 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. Harvest Time 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, Harvest Time Foundation generated $122.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.8%) each year. All expenses for the organization totaled $212.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Harvest Time Foundation has awarded 126 individual grants totaling $1,874,862. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELBY CHRISTIAN SCHOOL HARVEST TIME BIBLE CAMP CONTRIBUTION FOR GENERAL OPERATIONS OF CHARITY
MARSHALL FAMILY IRREVOCABLE TRUST SUPPORT FOR MISSIONARY FAMILY
DM STEARNS SUPPORT GENERAL OPERATIONS
NOW MINISTRIES SUPPORT MISSIONARIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mims Chairperson | 1 | $0 | |
Steve Hyde Board Member | 1 | $0 | |
Teresa Mcfarland Board Member | 1 | $0 | |
Charlie Marshall Board Member | 1 | $0 | |
Barry Shearer Board Member | 1 | $0 | |
Pat Nichols Secretary And Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,565 |
| Dividends & Interest | $41,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,981 |
| Capital Gain Net Income | $68,981 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $230 |
| Total Revenue | $122,458 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,317 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,184 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $648 |
| Total operating and administrative expenses | $27,149 |
| Contributions, gifts, grants paid | $185,257 |
| Total expenses and disbursements | $212,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,492 |
| 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 | $249,571 |
| 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 | $528,078 |
| Total assets | $2,624,828 |
| 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 | $400 |
| Total liabilities | $400 |
Grants Awarded
Over the last fiscal year, Harvest Time Foundation has awarded $185,257 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
HARVEST TIME BIBLE CAMP PURPOSE: FOR GENEARL OPERATIONS OF BIBLE CAMP | $145,000 |
CHRISTIAN INDIAN FELLOWSHIP PURPOSE: GENERAL OPERATIONS OF ORGANIZATION | $1,200 |
CROSSROADS RESCUE MISSION PURPOSE: GENERAL OPERATIONS OF ORGANIZATION | $600 |
CHRISTIAN LAW ASSOCIATION PURPOSE: GENERAL OPERATIONS OF ORGANIZATION | $900 |
CHILD EVANGELISM FELLOWSHIP PURPOSE: GENERAL OPERATIONS OF ORGANIZATION | $1,200 |
DM STEARNS PURPOSE: GENERAL OPERATIONS OF ORGANIZATION | $5,000 |