James H Harless Foundation Inc
- Assets
- $10.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Gilbert, WV
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 23-7093387
Organization Overview
James H Harless Foundation Inc is located in Gilbert, WV. 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. As of 12/2022, James H Harless Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James H Harless 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, James H Harless Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $466.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, James H Harless Foundation Inc has awarded 14 individual grants totaling $960,108. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1 FOR THE ORGANIZATION'S MISSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE WAS PROVIDED TO THE ABOVE-NAMED ORGANIZATIONS WHICH ENABLED THEM TO SUSTAIN THEIR PROGRAMS THAT PROMOTED THE HEALTH, EDUCATION, FAITH AND QUALITY OF LIFE TO THE CITIZENS OF SOUTHERN WEST VIRGINIA.
WEST VIRGINIA UNIVERSITY FOUNDATION "LUCAS PROGRAM"
THE ORGANIZATION PROVIDED ASSISTANCE IN THE FORM OF CASH CONTRIBUTIONS TO CHARITIES OTHER THAN ITS SUPPORTED ORGANIZATIONS. CONTRIBUTIONS TO THESE CHARITIES WERE MADE IN FURTHERANCE OF THE MISSIONS OF THE SUPPORTED ORGANIZATIONS IN THAT THE EDUCATIONAL, RELIGIOUS, CHARITABLE AND LITERARY ACTIVITIES BENEFITED THE CITIZENS OF SOUTHERN, WEST VIRGINIA. THERE WERE EIGHTEEN (18) SUCH ORGANIZATIONS THAT RECEIVED THIS FORM OF ASSISTANCE FROM THE ORGANIZATION IN 2022.
THE ORGANIZATION PROVIDED HOUSING FOR WEST VIRGINIA UNIVERSITY MEDICAL STUDENTS AT ITS FACILITIES LOCATED IN THE TOWN OF GILBERT, MINGO COUNTY, WEST VIRGINIA. DUE TO THE PANDEMIC THESE FACILITIES WERE NOT AVAILABLE UNTIL THE LATTER PART OF 2020. THE ORGANIZATION WAS ABLE TO PROVIDE HOUSING FOR SEVEN(7)STUDENTS IN 2020, EIGHTEEN EIGHTEEN (18) IN 2021 AND FOURTEEN (14) IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary G White Pres/dir | OfficerTrustee | 0.5 | $11,475 |
Mary Witten Wiseman Vice Pres/dir | OfficerTrustee | 1 | $0 |
Bc Mcginnis III Sec/dir | OfficerTrustee | 0.5 | $0 |
Sharon Murphy Treas/dir | OfficerTrustee | 20 | $45,000 |
Dan R Moore Director | OfficerTrustee | 0.25 | $11,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $673,020 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $673,020 |
| Total Program Service Revenue | $6,750 |
| Investment income | $163,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $382,517 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,225,975 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $201,293 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation of current officers, directors, key employees. | $42,577 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,422 |
| Payroll taxes | $3,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $103,129 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,635 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $63 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,675 |
| Insurance | $11,988 |
| All other expenses | $58,636 |
| Total functional expenses | $466,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $605,754 |
| Savings and temporary cash investments | $229,635 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $2,378 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $921,646 |
| Investments—publicly traded securities | $8,176,243 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,951 |
| Total assets | $9,953,607 |
| Accounts payable and accrued expenses | $1,072 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,072 |
| Net assets without donor restrictions | $8,817,013 |
| Net assets with donor restrictions | $1,135,522 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,953,607 |
Grants Awarded
Over the last fiscal year, James H Harless Foundation Inc has awarded $193,133 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FDN TRI-STATE COMMUNITY PURPOSE: PGRM SUPPORT | $75,000 |
WV UNIVERSITY FDN PURPOSE: PGRM SUPPORT | $10,000 |
LJH COMMUNITY CTR FDN PURPOSE: PGRM SUPPORT | $108,133 |