Humphreys Foundation Inc
- Assets
- $6.6m
- Revenue
- $393.3k
- Investments
- $6.5m
- Employees
- 0
- Location
- Ocean City, MD
- Founding
- 05/1999
- Data as of
- 06/2022
- 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 06/2022, Humphreys Foundation Inc generated $393.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $429.6k during the year ending 06/2022. While expenses have increased by 5.2% per year over the past 4 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 2021, Humphreys Foundation Inc has awarded 51 individual grants totaling $798,263. 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
2022
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 | $8,722 |
| Dividends & Interest | $251,592 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $132,944 |
| Capital Gain Net Income | $132,944 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $393,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,315 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,831 |
| Total operating and administrative expenses | $31,896 |
| Contributions, gifts, grants paid | $397,663 |
| Total expenses and disbursements | $429,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,768 |
| 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 | $5,079,499 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,563,514 |
| 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 $397,663 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF BERLIN PURPOSE: UNRESTRICTED | $77,213 |
JUNIOR ACHIEVEMENT OF EASTERN SHORE PURPOSE: UNRESTRICTED | $60,000 |
WORCESTER COUNTY YOUTH & FAMILY COU PURPOSE: UNRESTRICTED | $40,000 |
COASTAL HOSPICE PURPOSE: UNRESTRICTED | $25,000 |
WORCESTER TECHNICAL HIGH SCHOOL PURPOSE: UNRESTRICTED | $25,000 |
WORCESTER COUNTY PUBLIC SCHOOLS EDU PURPOSE: UNRESTRICTED | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |