Grateful Hearts Foundation
- Assets
- $851.4k
- Revenue
- $124.7k
- Investments
- $734.6k
- Employees
- 0
- Location
- Sheridan, WY
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 26-1566454
Organization Overview
Grateful Hearts Foundation is located in Sheridan, WY. The organization was established in 2008. 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. Grateful Hearts 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, Grateful Hearts Foundation generated $124.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $60.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grateful Hearts Foundation has awarded 126 individual grants totaling $456,226. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie J Rhinesmith Pres/exec Di | 1 | $0 | |
Benedict Davis Rhinesmith Vice Preside | 1 | $0 | |
R Bret Rhinesmith Sec & Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $83 |
| Dividends & Interest | $31,936 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $92,184 |
| Capital Gain Net Income | $92,184 |
| Net ST Capital Gain | $953 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $496 |
| Total Revenue | $124,699 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $591 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,778 |
| Total operating and administrative expenses | $7,494 |
| Contributions, gifts, grants paid | $52,661 |
| Total expenses and disbursements | $60,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $116,806 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $851,391 |
| 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 | $2,272 |
| Total liabilities | $2,272 |
Grants Awarded
Over the last fiscal year, Grateful Hearts Foundation has awarded $52,661 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP ID-RA-HA-JE PURPOSE: CAMPER/COUNSELOR SCHOLARSHIP | $19,552 |
LEGACY PREGNANCY CENTER PURPOSE: PREGNANCY EDUCATION | $1,000 |
LIFE'S OPTIONS PREGNANCY CENTER PURPOSE: PREGNANCY EDUCATION | $1,040 |
SHERIDAN SENIOR CENTER PURPOSE: SERVICE & SUPPORT FOR SENIOR CITIZEN | $1,000 |
SHERIDAN FOSTER PARENT EXCHANGE PURPOSE: SERVES CHILDREN IN CRISIS | $515 |
COMPASS CENTER PURPOSE: HELP FAMILIES FOSTER THEIR BOND | $531 |