Futch Foundation Inc
- Assets
- $95.6k
- Revenue
- $1.4k
- Investments
- $93.6k
- Employees
- 0
- Location
- Mars Hill, NC
- Founding
- 08/1998
- Data as of
- 12/2022
- 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 12/2022, Futch Foundation Inc generated $1.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $7.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Futch Foundation Inc has awarded 156 individual grants totaling $123,950. 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 |
|---|---|---|---|
Judith Futch President | 0 | $0 | |
Kelly Williams Board Member | 0 | $0 | |
Priscilla Bright Board Member | 0 | $0 | |
Rosemary Slattery Board Member | 0 | $0 | |
Robyn Slattery Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,434 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,040 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,394 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $65 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,285 |
| Contributions, gifts, grants paid | $5,250 |
| Total expenses and disbursements | $7,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,588 |
| 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 | $95,640 |
| 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 $5,250 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MADISON COUNTY COMMUNITY HOUSING CO PURPOSE: CONTRIBUTION | $500 |
LUBEC MEMORIAL LIBRARY PURPOSE: CONTRIBUTION | $250 |
SUSAN G KOMEN FOUNDATION PURPOSE: ANNUAL CAMPAIGN | $250 |
SOUTHERN ENVIRONMENTAL LAW CENTER PURPOSE: CONTRIBUTION | $500 |
WOODFORD COUNTY LIBRARY PURPOSE: ANNUAL | $500 |
HABITAT FOR HUMANITY-GULF COAST PURPOSE: ANNUAL | $1,000 |