Betsy Ross Foundation Inc
- Assets
- $2.3m
- Revenue
- $100.0k
- Investments
- $2.3m
- Employees
- 0
- Location
- Paris, TN
- Founding
- 04/1994
- Data as of
- 11/2023
- EIN
- 62-1490795
Organization Overview
Betsy Ross Foundation Inc is located in Paris, TN. The organization was established in 1994. 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. Betsy Ross 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 11/2023, Betsy Ross Foundation Inc generated $100.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $98.5k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Betsy Ross Foundation Inc has awarded 109 individual grants totaling $696,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MURRAY STATE FOUNDATION - FUNDS WERE PROVIDED FOR SCHOLARSHIPS
UNIV OF TN AT MARTIN - FUNDS WERE PROVIDED FOR SCHOLARSHIPS
HENRY CO HIGH SCHOOL - FUNDS WERE PROVIDED FOR EXTRACURRICULAR FACILITY
HOPE IN MURRAY - FUNDS WERE PROVIDED FOR HUMAN SERVICES SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Fuqua Director | 0.5 | $0 | |
Julie Williams President | 2.5 | $3,000 | |
Mary Lou Reed Secretary | 0.5 | $3,000 | |
Ruth Conroy Treasurer | 0.5 | $3,000 | |
Thomas Harrison Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| 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 | $100,000 |
| Total Revenue | $100,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,844 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $619 |
| Total operating and administrative expenses | $16,463 |
| Contributions, gifts, grants paid | $82,000 |
| Total expenses and disbursements | $98,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,788 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,324,560 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,335,348 |
| 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, Betsy Ross Foundation Inc has awarded $82,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF TENNESSEE NATIONAL WILDLIFE REFUGE PURPOSE: ENVIRONMENTAL EDUCATION | $3,000 |
HAPPINEST WILDLIFE AND RESOURCE CENTER PURPOSE: SUPPORT AND EDUCATIONAL PROGRAMS | $1,500 |
HOPE IN MURRAY PURPOSE: SUPPORT FOR HUMAN SERVICES | $6,000 |
HENRY COUNTY HIGH SCHOOL PURPOSE: SUPPORT PUBLIC EDUCATION | $6,000 |
MURRAY STATE UNIVERSITY PURPOSE: RODEO TEAM | $5,000 |
MILITARY WORKING DOG TEAM SUPPORT ASSOCIATION PURPOSE: SUPPORT FOR MILITARY DOG AND HANDLER TRAINING | $5,000 |