Fred J & Ruth Heflin Cofer Foundation Tr
- Assets
- $1.7m
- Revenue
- $165.6k
- Investments
- $1.6m
- Employees
- 0
- Location
- White, GA
- Founding
- 07/2009
- Data as of
- 12/2021
- EIN
- 26-6727396
Organization Overview
Fred J & Ruth Heflin Cofer Foundation Tr is located in White, GA. The organization was established in 2009. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Fred J & Ruth Heflin Cofer Foundation Tr 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, Fred J & Ruth Heflin Cofer Foundation Tr generated $165.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $174.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Heflin Trustee | 30 | $64,741 | |
Steve Heflin Trustee | 30 | $59,459 | |
Suzanne Heflin Strickland Trustee | 1 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $54,010 |
| Net Rental Income | $6,110 |
| Net Gain on Sale of Assets | $78,765 |
| Capital Gain Net Income | $48,125 |
| Net ST Capital Gain | $48,125 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,800 |
| Total Revenue | $165,575 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,741 |
| Other employee salaries and wages | $59,459 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,837 |
| Depreciation | $1,390 |
| Occupancy | $3,700 |
| Travel, conferences, and meetings | $8,404 |
| Printing and publications | $0 |
| Other expenses | $7,092 |
| Total operating and administrative expenses | $174,179 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $174,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,302 |
| 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 | $371,290 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,733,091 |
| Accounts payable and accrued expenses | $3,233 |
| 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 | $3,233 |
Grants Awarded
Over the last fiscal year, Fred J & Ruth Heflin Cofer Foundation Tr has awarded $12,343 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Dayton, TN PURPOSE: FINANCIAL AID SCHOLARSHIPS | $7,500 |
HICKORY LOG SCHOOL PURPOSE: FINANCIAL AID SCHOLARSHIPS | $2,400 |
BRANDI HIGGINS PURPOSE: HANDICAP SUPPLIES & EQUIPMENT | $1,935 |
MR MCLENDON PURPOSE: CAR REPAIRS FOR NEEDY | $508 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rawlings Foundation Inc Palm Beach, FL | $157,491,316 | $53,710,829 |
State Employees Credit Union Foundation Raleigh, NC | $54,794,768 | $18,518,126 |
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Elevate Prize Foundation Inc Miami, FL | $25,599,159 | $21,836,715 |
Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Campbell Young Leaders Inc Greenville, SC | $34,637,987 | $7,007,042 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Moore Farms Botanical Garden Foundation Lake City, SC | $7,988,392 | $2,099,445 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |