Humphreys Foundation Inc
- Assets
- $6.3m
- Revenue
- $394.4k
- Investments
- $6.3m
- Employees
- 0
- Location
- Ocean City, MD
- Founding
- 05/1999
- Data as of
- 06/2024
- EIN
- 31-1639319
Organization Overview
Humphreys Foundation Inc is located in Ocean City, MD. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Humphreys 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 06/2024, Humphreys Foundation Inc generated $394.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $517.3k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Humphreys Foundation Inc has awarded 100 individual grants totaling $1,716,139. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS WERE GIVEN TO ORGANIZATIONS LISTED ON PART XV
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen H Lang Vice Preside | 0 | $0 | |
Raymond I Robinson Jr Treasurer | 0 | $0 | |
L Susan Taylor Secretary | 0 | $0 | |
Thomas K Coates President | 0 | $0 | |
Regina Montagna Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,733 |
| Dividends & Interest | $348,519 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,101 |
| Capital Gain Net Income | $30,101 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $394,353 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,368 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,334 |
| Total operating and administrative expenses | $38,677 |
| Contributions, gifts, grants paid | $478,574 |
| Total expenses and disbursements | $517,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,991 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,998,279 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,282,142 |
| 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, Humphreys Foundation Inc has awarded $478,574 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
JUNIOR ACHIEVEMENT OF EASTERN SHORE PURPOSE: UNRESTRICTED | $120,000 |
MAGI FUND PURPOSE: UNRESTRICTED | $10,000 |
ST MARY'S STAR OF THE SEA CATHOLIC PURPOSE: UNRESTRICTED | $5,000 |
ST PAUL BY THE SEA CHURCH PURPOSE: UNRESTRICTED | $5,000 |
OCEAN CITY BAPTIST CHURCH PURPOSE: UNRESTRICTED | $8,100 |
STEVENSON UNITED METHODIST CHURCH PURPOSE: UNRESTRICTED | $5,000 |