Ghh Charitable Foundation
- Assets
- $472.8k
- Revenue
- $14.5k
- Investments
- $425.5k
- Employees
- 0
- Location
- Glasgow, KY
- Founding
- 04/2004
- Data as of
- 12/2022
- EIN
- 32-0048907
Organization Overview
Ghh Charitable Foundation is located in Glasgow, KY. The organization was established in 2004. 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. Ghh Charitable Foundation 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, Ghh Charitable Foundation generated $14.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (33.9%) each year. All expenses for the organization totaled $175.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Ghh Charitable Foundation has awarded 19 individual grants totaling $635,000. 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 |
|---|---|---|---|
Patrick Gaunce Co-Trustete | 0 | $0 | |
Susan Paige Benson Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $3 |
| Dividends & Interest | $7,652 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,887 |
| Capital Gain Net Income | $1,887 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $590 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16 |
| Total operating and administrative expenses | $1,806 |
| Contributions, gifts, grants paid | $174,000 |
| Total expenses and disbursements | $175,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,244 |
| Savings and temporary cash investments | $40,506 |
| 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 | $600 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $472,809 |
| 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 | $99,321 |
| Total liabilities | $99,321 |
Grants Awarded
Over the last fiscal year, Ghh Charitable Foundation has awarded $174,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SCKY EAST FCA PURPOSE: OPER SUPPORT | $20,000 |
COMMONWEALTH POLICY CENTER PURPOSE: OPERATING SUPORT | $15,000 |
CAMPUS OUTREACH-KY BAPTIST CONVENTI PURPOSE: OPERATING SUPPORT FOR CAMPUS ACTIVIT | $5,000 |
GLASGOW BOYS & GIRLS CLUB PURPOSE: OPERATING SUPPORT YOUTH ACTIVITIES | $75,000 |
GRACE FELLOWSHIP PURPOSE: OPERATING SUPORT | $1,000 |
TODD TRAVIS SCHOLARSHIP FUND PURPOSE: EDUCATIONAL SUPPORT | $3,000 |