Giving Firstfruits Foundation Inc
- Assets
- $1.5m
- Revenue
- $5.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Ormond Beach, FL
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 45-3552933
Organization Overview
Giving Firstfruits Foundation Inc is located in Ormond Beach, FL. The organization was established in 2012. 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. Giving Firstfruits 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, Giving Firstfruits Foundation Inc generated $5.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.5%) each year. All expenses for the organization totaled $78.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Giving Firstfruits Foundation Inc has awarded 89 individual grants totaling $497,315. 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 |
|---|---|---|---|
Mark Edwards Vice President | 1 | $0 | |
Stephanie Edwards President | 1 | $0 | |
Rose Fricke Secretary/treasurer | 1 | $0 | |
Dawn Starke Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $7,670 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,738 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,916 |
| Taxes | $6,913 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,508 |
| Total operating and administrative expenses | $35,337 |
| Contributions, gifts, grants paid | $43,185 |
| Total expenses and disbursements | $78,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,044 |
| 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 | $1,263 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,176,905 |
| Net Land, buildings, and equipment | $217,684 |
| Other assets | $2,042 |
| Total assets | $1,486,938 |
| 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, Giving Firstfruits Foundation Inc has awarded $43,185 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY RENEW COMMUNITY INC PURPOSE: CHARITABLE | $250 |
FLORIDA UNITED METHODIST CHILDRENS HOME PURPOSE: CHARITABLE | $250 |
GRACE HOUSE PURPOSE: CHARITABLE | $500 |
HIPPO VALLEY CHRISTIAN MISSION PURPOSE: CHARITABLE | $250 |
HIGH POINT UNIVERSITY PURPOSE: CHARITABLE | $10,000 |
JEREMY CHRISTAN MISSION PURPOSE: CHARITABLE | $2,000 |