Hollis Foundation Inc
- Assets
- $437.9k
- Revenue
- $24.1k
- Investments
- $412.6k
- Employees
- 0
- Location
- Columbus, MS
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 20-5584390
Organization Overview
Hollis Foundation Inc is located in Columbus, MS. The organization was established in 2006. 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. Hollis 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 12/2022, Hollis Foundation Inc generated $24.1k 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 (21.2%) each year. All expenses for the organization totaled $56.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (23.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Hollis Foundation Inc has awarded 56 individual grants totaling $592,565. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,208 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,852 |
| Capital Gain Net Income | $12,852 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,060 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,175 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36 |
| Total operating and administrative expenses | $5,341 |
| Contributions, gifts, grants paid | $51,280 |
| Total expenses and disbursements | $56,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,286 |
| 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 | $437,883 |
| 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, Hollis Foundation Inc has awarded $51,280 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE MOUNTAIN COLLEGE PURPOSE: EDUCATION OF MINISTRAIL STUDENTS | $3,792 |
ASHBURY THEOLOGICAL SEMINARY PURPOSE: EDUCATION OF MINISTRIAL STUDENTS | $2,436 |
CROSSROADS CAMP PURPOSE: HUMANITARIAN | $2,500 |
EAST END BAPTIST CHURCH PURPOSE: RELIGIOUS | $2,569 |
LIBERTY UNIVERSITY SEMINARY PURPOSE: EDUCATION OF MINISTRIAL STUDENTS | $2,999 |
GLOBAL OUTREACH INTERNATIONAL PURPOSE: HUMANITARIAN | $20,000 |