Luther & Susie Harrison Foundation Inc
- Assets
- $53.7m
- Revenue
- $3.0m
- Investments
- $52.6m
- Employees
- 0
- Location
- Brunswick, GA
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 58-2169694
Organization Overview
Luther & Susie Harrison Foundation Inc is located in Brunswick, GA. The organization was established in 1996. 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. Luther & Susie Harrison 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 12/2021, Luther & Susie Harrison Foundation Inc generated $3.0m 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 (15.1%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Luther & Susie Harrison Foundation Inc has awarded 12 individual grants totaling $4,600,000. 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 |
|---|---|---|---|
Virginia S Pruett Director | 0.2 | $64,906 | |
Jay Tison Director | 0.2 | $64,906 | |
Kelley B Tison Director | 0.2 | $64,906 | |
Anne Marie Tison Director | 0.2 | $64,906 | |
Michael Pruett Director | 0.2 | $64,906 | |
Rees Sumerford Manager | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24 |
| Dividends & Interest | $1,351,031 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,689,043 |
| Capital Gain Net Income | $1,689,043 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,040,098 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $324,530 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,807 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,682 |
| Total operating and administrative expenses | $517,915 |
| Contributions, gifts, grants paid | $2,600,000 |
| Total expenses and disbursements | $3,117,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,748 |
| Savings and temporary cash investments | $924,086 |
| Net Accounts receivable | $159,339 |
| 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 | $6,277,047 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $53,725,497 |
| 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, Luther & Susie Harrison Foundation Inc has awarded $2,600,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
EAGLE RANCH PURPOSE: FOR CAPITAL IMPROVEMENTS | $1,000,000 |
Watkinsville, GA PURPOSE: CAPITAL CAMPAIGN FOR CAMP HOORAY. | $1,000,000 |
ATHENS AREA COMMUNITY FDN PURPOSE: COVID RELIEF FUND | $200,000 |
Athens, GA PURPOSE: TO SUPPORT EXPANSION OF ATHENS, GEORGIA FACILITY IN ORDER TO INCREASE CAPACITY TO ADDRESS HUNGER AND IMPROVE DIETS AND NUTRITION. | $100,000 |
BARROW COUNTY BOARD OF EDUCATION PURPOSE: GENERAL EDUCATIONAL SUPPORT | $100,000 |
Winder, GA PURPOSE: FOOD PANTRY | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |