Heavenly Fathers Foundation
- Assets
- $199.5m
- Revenue
- $23.2m
- Investments
- $192.8m
- Employees
- 0
- Location
- Cisco, TX
- Founding
- 08/2011
- Data as of
- 12/2023
- EIN
- 27-6987913
Organization Overview
Heavenly Fathers Foundation is located in Cisco, TX. The organization was established in 2011. 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. Heavenly Fathers 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, Heavenly Fathers Foundation generated $23.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $10.8m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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 |
|---|---|---|---|
Dan Wilks Trustee Trustee | 4 | $0 | |
Staci Wilks Trustee Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,000 |
| Interest on Savings | $1,395,823 |
| Dividends & Interest | $3,682,268 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,713,566 |
| Capital Gain Net Income | $15,784,564 |
| Net ST Capital Gain | $368,400 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,092,093 |
| Total Revenue | $23,195,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $45,511 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $793,024 |
| Total operating and administrative expenses | $869,885 |
| Contributions, gifts, grants paid | $9,900,000 |
| Total expenses and disbursements | $10,769,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,568,197 |
| 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 | $62,341 |
| Net Investments - land, buildings, equipment | $2,598,567 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $458,694 |
| Total assets | $199,501,965 |
| Accounts payable and accrued expenses | $44,581 |
| 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 | $44,581 |