Futch Foundation Inc
- Assets
- $101.8k
- Revenue
- $10.9k
- Investments
- $95.2k
- Employees
- 0
- Location
- Mars Hill, NC
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 31-1611588
Organization Overview
Futch Foundation Inc is located in Mars Hill, NC. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Futch Foundation Inc 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, Futch Foundation Inc generated $10.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $18.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Futch Foundation Inc has awarded 136 individual grants totaling $119,525. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Futch President | 0 | $0 | |
Kelly Williams Board Member | 0 | $0 | |
Robyn Slattery Board Member | 0 | $0 | |
Rosemary Slattery Board Member | 0 | $0 | |
Priscilla Bright Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,256 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,621 |
| Capital Gain Net Income | $6,621 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $122 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,476 |
| Contributions, gifts, grants paid | $15,750 |
| Total expenses and disbursements | $18,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,083 |
| 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 | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $450 |
| Total assets | $101,781 |
| 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, Futch Foundation Inc has awarded $15,750 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BLUEGRASS COMM & TECH COLLEGE FD PURPOSE: CONTRIBUTION | $10,000 |
Asheville, NC PURPOSE: ANNUAL | $1,000 |
YWCA PURPOSE: ANNUAL CAMPAIGN | $1,000 |
HABITAT FOR HUMANITY-GULF COAST PURPOSE: ANNUAL | $1,000 |
MADISON COUNTY COMMUNITY HOUSING CO PURPOSE: CONTRIBUTION | $500 |
Charlottesville, VA PURPOSE: CONTRIBUTION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Skillsource Group Inc Vienna, VA | $1,796,857 | $6,906,902 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Camino Community Development Corporation Inc Charlotte, NC | $3,342,143 | $5,457,630 |
Chattanooga Chamber Foundation Chattanooga, TN | $7,015,826 | $5,758,264 |
Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |