Fred & Cheryl Hale Support Foundation
- Assets
- $2.2m
- Revenue
- $519.5k
- Investments
- $630.1k
- Employees
- 0
- Location
- Centerville, UT
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 31-1489773
Organization Overview
Fred & Cheryl Hale Support Foundation is located in Centerville, UT. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fred & Cheryl Hale Support 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 12/2022, Fred & Cheryl Hale Support Foundation generated $519.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.6% each year . All expenses for the organization totaled $170.4k during the year ending 12/2022. While expenses have increased by 14.2% per year over the past 8 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.
Since 2014, Fred & Cheryl Hale Support Foundation has awarded 67 individual grants totaling $509,992. 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 |
|---|---|---|---|
Fred Hale Dir/trustee | 0 | $20,000 | |
Cheryl Hale Director | 0 | $20,000 | |
Craig Salmon Director | 0 | $0 | |
Mark Alder Director | 0 | $0 | |
Sheryl Allen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $508,752 |
| Interest on Savings | $8,503 |
| Dividends & Interest | $9,224 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,931 |
| Capital Gain Net Income | $17,464 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $519,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,052 |
| Total operating and administrative expenses | $77,052 |
| Contributions, gifts, grants paid | $93,350 |
| Total expenses and disbursements | $170,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,306,135 |
| 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 | $184,791 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $630,122 |
| Net Land, buildings, and equipment | $71,214 |
| Other assets | $0 |
| Total assets | $2,192,262 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fred & Cheryl Hale Support Foundation has awarded $93,350 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ACE HARDWARE FOUNDATION PURPOSE: TO FURTHER ORGANIZATION'S PURPOSES | $4,000 |
CENTERPOINT LEGACEY THEATRE PURPOSE: TO FURTHER ORGANIZATION'S PURPOSES | $20,000 |
HOPE BOX PERFORMING ARTS PURPOSE: TO FURTHER ORGANIZATION'S PURPOSES | $5,000 |
LDS CHURCH PURPOSE: TO FURTHER ORGANIZATION'S PURPOSES | $39,100 |
RED BARN PURPOSE: TO FURTHER ORGANIZATION'S PURPOSES | $10,000 |
RONALD AND CAROL BANGERTER PURPOSE: TO FURTHER ORGANIZATION'S PURPOSES | $4,000 |