Claude And Betty Harris Foundation Inc
- Assets
- $19.1m
- Revenue
- $7.0m
- Investments
- $17.6m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 61-1400416
Organization Overview
Claude And Betty Harris Foundation Inc is located in Louisville, KY. The organization was established in 2002. 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. Claude And Betty Harris 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 12/2022, Claude And Betty Harris Foundation Inc generated $7.0m 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 (19.2%) each year. All expenses for the organization totaled $41.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Claude And Betty Harris Foundation Inc has awarded 192 individual grants totaling $61,616,316. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Jean Harris Moore Director | 1 | $0 | |
Paula Harris Stansell Secretary | 1 | $0 | |
Don Harris Chair | 16 | $0 | |
Gayla Harris Director | 1 | $0 | |
Timothy Harris Director | 1 | $0 | |
David Harris Vice-Chairtreasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,200,890 |
| Interest on Savings | $0 |
| Dividends & Interest | $739,944 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$25,868 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $55,000 |
| Total Revenue | $6,969,966 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $212 |
| Taxes | $35,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,021 |
| Total operating and administrative expenses | $388,273 |
| Contributions, gifts, grants paid | $40,827,545 |
| Total expenses and disbursements | $41,215,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,514,686 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,108,245 |
| 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, Claude And Betty Harris Foundation Inc has awarded $40,827,545 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
EXPONENTIAL PHILANTROPHY DONATION PURPOSE: CHARITABLE | $1,000 |
ATLANTA FOOD BANK PURPOSE: CHARITABLE | $250,000 |
BEARDEN METHODIST CHURCH PURPOSE: CHARITABLE | $10,000 |
BLUE RIDGE AREA FOOD BANK PURPOSE: CHARITABLE | $250,000 |
CHARLOTTESVILLE FREE CLINIC PURPOSE: CHARITABLE | $150,000 |
CENTRAL TEXAS FOOD BANK PURPOSE: CHARITABLE | $250,000 |