The Harvest Foundation Inc is located in Destin, FL. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Harvest 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 12/2023, Harvest Foundation Inc generated $371.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 39.9% each year . All expenses for the organization totaled $606.4k during the year ending 12/2023. While expenses have increased by 44.0% per year over the past 5 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
VACATION RETREATS FOR PASTORS & CHRISTIAN FAITH BASED INDIVIDUALS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James Henson President | 5 | $0 | |
Chad Boswell Sec/treas | 10 | $34,600 | |
Connie Mielke Vice President | 5 | $0 | |
Blair C Mielke Board Member | 5 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $371,625 |
Interest on Savings | $167 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | -$3 |
Total Revenue | $371,789 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $34,600 |
Other employee salaries and wages | $15,000 |
Pension plans, employee benefits | $0 |
Interest | $13,014 |
Taxes | $10,829 |
Depreciation | $0 |
Occupancy | $15,005 |
Travel, conferences, and meetings | $464,222 |
Printing and publications | $20 |
Other expenses | $39,780 |
Total operating and administrative expenses | $596,683 |
Contributions, gifts, grants paid | $9,690 |
Total expenses and disbursements | $606,373 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $27,686 |
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 | $381,194 |
Investments—mortgage loans | $0 |
Investments—other | $55,975 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $464,855 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $8,063 |
Mortgages and other notes payable | $749,659 |
Other liabilities | $74,784 |
Total liabilities | $832,506 |