U S Family Foundation Inc
- Assets
- $30.1m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Inverness, FL
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 59-3412016
Organization Overview
U S Family Foundation Inc is located in Inverness, FL. The organization was established in 1998. According to its NTEE Classification (T31) the organization is classified as: Community 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. U S Family 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, U S Family Foundation Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 18.2% per year over the past 9 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 2015, U S Family Foundation Inc has awarded 341 individual grants totaling $10,154,824. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND ADMINISTER ENDOWMENTS TO SUPPORT 501(C)(3) CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVERSIGHT AND ADMINISTRATION OF 35 ENDOWMENTS BENEFITING OVER 130 DIFFERENT 501(C)(3) CHARITIES. THE ORGANIZATION MADE CONTRIBUTIONS TO QUALIFYING EDUCATIONAL, SCIENTIFIC AND RELIGIOUS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Paul Cash President/ex | OfficerTrustee | 5 | $0 |
Robert C Wardlow III Secretary/tr | Officer | 1 | $0 |
Wann Van Robinson Director | OfficerTrustee | 0.1 | $0 |
Gerry Mulligan Director | OfficerTrustee | 0.1 | $0 |
Jewel Lamb Director | OfficerTrustee | 0.1 | $0 |
Karen Thurman Director | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,438,718 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,438,718 |
| Total Program Service Revenue | $35,312 |
| Investment income | $657,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $355,316 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,486,435 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,359,151 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $254,881 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $153,318 |
| Fees for services: Other | $3,019 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,452 |
| All other expenses | $0 |
| Total functional expenses | $2,774,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,356,697 |
| Pledges and grants receivable | $1,756,524 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $26,963,668 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,076,889 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $28,320,365 |
| Net assets with donor restrictions | $1,756,524 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,076,889 |
Grants Awarded
Over the last fiscal year, U S Family Foundation Inc has awarded $2,026,949 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
HEARTS FOR HAITI PURPOSE: HUMANITARIAN RELIEF | $25,000 |
OUR LADY OF FATIMA CATHOLIC CHURCH PURPOSE: RELIGIOUS ACTIVITIES | $15,148 |
CITRUS COUNTY BLESSINGS PURPOSE: SCHOOL FEEDING PROG | $19,870 |
H LEE MOFFIT CANCER CENTER PURPOSE: CANCER RESEARCH | $5,441 |
SALVATION ARMY PURPOSE: GENERAL FUNDING | $36,913 |
PRECEPT MINISTRIES INTERNATIONAL PURPOSE: GENERAL FUNDING | $250,000 |