Harvest Time Foundation
- Assets
- $2.7m
- Revenue
- $249.5k
- Investments
- $1.9m
- Employees
- 0
- Location
- Shelby, NC
- Founding
- 03/2008
- Data as of
- 12/2021
- 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 12/2021, Harvest Time Foundation generated $249.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $185.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Harvest Time Foundation has awarded 107 individual grants totaling $1,689,605. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELBY CHRISTIAN SCHOOL HARVEST TIME BIBLE CAMP CONTRIBUTION FOR GENERAL OPERATIONS OF CHARITY
D M STEARNS MINISTRIES SUPPORT MINISTER LIVING EXPENSES
NOW MINISTRIES SUPPORT MISSIONARIES
INTERNATIONAL PARTNERSHIP MINISTRIES SUPPORT MISSIONARIES
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 |
|---|---|---|---|
David Mims Vice Chairperson | 1 | $0 | |
Darryl Mims Board 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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $407 |
| Interest on Savings | $7,970 |
| Dividends & Interest | $50,670 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $182,694 |
| Capital Gain Net Income | $182,694 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,717 |
| Total Revenue | $249,458 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,870 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,169 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $140 |
| Total operating and administrative expenses | $40,709 |
| Contributions, gifts, grants paid | $144,600 |
| Total expenses and disbursements | $185,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,351 |
| 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 | $527,855 |
| Total assets | $2,714,776 |
| 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 $144,600 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
HARVEST TIME BIBLE CAMP PURPOSE: FOR GENERAL OPERATIONS OF BIBLE CAMP | $105,000 |
DM STEARNS PURPOSE: GENERAL OPERATIONS OF ORGANIZATION | $12,000 |
NOW MINISTRIES PURPOSE: MINISTRY OF MISSIONARIES | $4,800 |
INTL PARTNERSHIP MINITRIES PURPOSE: GENERAL OPRATIONS OF ORGANIZATION | $4,200 |
Thorsby, AL PURPOSE: MINISTRY OF MISSIONARIES | $3,000 |
WWNTBMREBEKAH CHILDERSGRENADA PURPOSE: GENERAL OPERATIONS OF ORGANIZATION | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |