Fred J & Ruth Heflin Cofer Foundation Tr
- Assets
- $1.6m
- Revenue
- $52.6k
- Investments
- $1.6m
- Employees
- 0
- Location
- Cartersville, GA
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 26-6727396
Organization Overview
Fred J & Ruth Heflin Cofer Foundation Tr is located in Cartersville, 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 12/2022, Fred J & Ruth Heflin Cofer Foundation Tr generated $52.6k 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 (7.9%) each year. All expenses for the organization totaled $177.6k during the year ending 12/2022. 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 | $63,688 | |
Suzanne Heflin Strickland Trustee | 1 | $2,400 | |
Steve Heflin Trustee | 30 | $63,700 | |
Keith Heflin Trustee | 30 | $63,688 | |
Suzanne Heflin Strickland Trustee | 1 | $2,400 | |
Steve Heflin Trustee | 30 | $63,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,504 |
| Dividends & Interest | $34,056 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $23,697 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,688 |
| Other employee salaries and wages | $63,700 |
| Pension plans, employee benefits | $0 |
| Interest | $40 |
| Taxes | $8,428 |
| Depreciation | $0 |
| Occupancy | $7,135 |
| Travel, conferences, and meetings | $9,774 |
| Printing and publications | $0 |
| Other expenses | $5,768 |
| Total operating and administrative expenses | $174,106 |
| Contributions, gifts, grants paid | $3,500 |
| Total expenses and disbursements | $177,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,099 |
| 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 | $564,577 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,629,051 |
| Accounts payable and accrued expenses | $542 |
| 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 | $542 |
Grants Awarded
Over the last fiscal year, Fred J & Ruth Heflin Cofer Foundation Tr has awarded $7,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BACK PACK MINISTRY PURPOSE: NUTRITION SCHOOL CHILDREN | $1,000 |
CARTERSVILLE ELK LODGE PURPOSE: GENERAL DONATION | $2,500 |
BACK PACK MINISTRY PURPOSE: NUTRITION SCHOOL CHILDREN | $1,000 |
CARTERSVILLE ELK LODGE PURPOSE: GENERAL DONATION | $2,500 |