Harvest Foundation Of The Piedmont
- Assets
- $283.2m
- Revenue
- $26.6m
- Investments
- $278.1m
- Employees
- 0
- Location
- Martinsville, VA
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 31-1496872
Organization Overview
Harvest Foundation Of The Piedmont is located in Martinsville, VA. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvest Foundation Of The Piedmont 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, Harvest Foundation Of The Piedmont generated $26.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $30.4m during the year ending 12/2021. While expenses have increased by 24.1% per year over the past 7 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, Harvest Foundation Of The Piedmont has awarded 244 individual grants totaling $125,260,332. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF K-12 EDUCATION INITIATIVES IN MARTINSVILLE AND HENRY COUNTY THROUGH TECHNICAL ASSISTANCE AND EVALUATION FOR THE GRANTS AWARDED TO HENRY COUNTY PUBLIC SCHOOLS, MARTINSVILLE CITY SCHOOLS AND THE CARLISLE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Keller President | 40 | $262,576 | |
Franklin House Jr Sr Prog Offcr | 40 | $120,134 | |
Sheryl Agee Impact Offcr | 40 | $95,000 | |
Georgia Compton Controller | 40 | $90,000 | |
Latala Hodges Director Of Comm. | 40 | $65,000 | |
Kimberly Harris Exec. Assist. | 40 | $59,687 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crewcial Partners | 12/30/21 | $189,419 |
Mdc Inc | 12/30/21 | $107,035 |
Mill Creek Creative Llc | 12/30/21 | $60,257 |
Crewcial Partners | 12/30/21 | $0 |
Mdc Inc | 12/30/21 | $0 |
Anthem Blue Cross Blue Shield | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,912,589 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,209,556 |
| Capital Gain Net Income | $22,209,556 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $429,596 |
| Total Revenue | $26,551,741 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $262,576 |
| Other employee salaries and wages | $543,894 |
| Pension plans, employee benefits | $206,868 |
| Interest | $0 |
| Taxes | $187,553 |
| Depreciation | $137,977 |
| Occupancy | $37,743 |
| Travel, conferences, and meetings | $50,356 |
| Printing and publications | $2,150 |
| Other expenses | $167,742 |
| Total operating and administrative expenses | $4,191,358 |
| Contributions, gifts, grants paid | $26,208,295 |
| Total expenses and disbursements | $30,399,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,036,607 |
| Savings and temporary cash investments | $2,197,611 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $657,484 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,628 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $264,930,638 |
| Net Land, buildings, and equipment | $982,885 |
| Other assets | $0 |
| Total assets | $283,210,343 |
| Accounts payable and accrued expenses | $89,516 |
| Grants payable | $26,569,935 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,251,752 |
| Total liabilities | $27,911,203 |
Grants Awarded
Over the last fiscal year, Harvest Foundation Of The Piedmont has awarded $20,080,330 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
PATRICK HENRY COMMUNITY COLLEGE ED FDN PURPOSE: SOW TO REAP PROGRAM. | $3,706,249 |
PATRICK HENRY COMMUNITY COLLEGE ED FDN PURPOSE: PHCC PATHWAYS PROMISE PROGRAM | $2,147,652 |
Martinsville, VA PURPOSE: TO SUPPORT GENERAL OPERATIONS | $1,742,525 |
CITY OF MARTINSVILLE PURPOSE: CONTINUATION OF OPERATIONAL SUPPORT FOR SMITH RIVER SPORTS COMPLEX OVER FIVE YEARS | $1,552,468 |
PATRICK HENRY COMMUNITY COLLEGE ED FDN PURPOSE: NJCAA MEN'S DIVISION NATIONAL SOCCERTOURNAMENT | $1,166,802 |
PATRICK HENRY COMMUNITY COLLEGE ED FDN PURPOSE: PHCC PATHWAYS PROMISE PROGRAM | $1,166,802 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
In Touch Ministries Inc Atlanta, GA | $145,242,812 | $133,543,130 |
American Bible Society Philadelphia, PA | $746,607,360 | $112,608,182 |
Mercy Health East Communities St Louis, MO | $429,335,158 | $86,174,797 |
University Healthcare Physicians Inc Martinsburg, WV | $27,421,318 | $84,817,307 |
Operation Compassion A Tennessee Non-Profit Corporation Cleveland, TN | $18,764,537 | $70,147,882 |
Bon Secours Mercy Health Foundation Cincinnati, OH | $455,909,792 | $66,888,886 |
Eternal Word Television Network Inc Irondale, AL | $79,027,248 | $88,426,862 |
Barnabas Foundation Crete, IL | $428,082,293 | $83,271,055 |
United Methodist Church Methodist Publishing House Nashville, TN | $34,674,204 | $21,446,424 |
Our Sunday Visitor Inc Huntington, IN | $123,886,339 | $53,288,223 |
Hillel The Foundation For Jewish Campus Life Washington, DC | $59,597,632 | $57,858,837 |
United Faith Ministries Inc Norfolk, VA | $10,805,826 | $50,029,760 |