Fhc Foundation Inc
- Assets
- $1.4m
- Revenue
- $18.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 06/1995
- Data as of
- 12/2023
- EIN
- 62-1594775
Organization Overview
Fhc Foundation Inc is located in Fort Worth, TX. The organization was established in 1995. 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. Fhc 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, Fhc Foundation Inc generated $18.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $97.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (18.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fhc Foundation Inc has awarded 71 individual grants totaling $1,541,517. 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 |
|---|---|---|---|
Bobby F Sammons Dir/pres/trs | 0 | $0 | |
Lynda R Sammons Dir/vp/secty | 0 | $0 | |
Elizabeth P Sammons Rauzi Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,732 |
| Dividends & Interest | $48,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$37,944 |
| Capital Gain Net Income | $1,595 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,029 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,093 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,888 |
| Total operating and administrative expenses | $11,499 |
| Contributions, gifts, grants paid | $85,500 |
| Total expenses and disbursements | $96,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,595 |
| 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 | $155,969 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,157,213 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,413,777 |
| 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 | $1,130 |
| Total liabilities | $1,130 |
Grants Awarded
Over the last fiscal year, Fhc Foundation Inc has awarded $85,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR MUSIC BY PEOPLE PURPOSE: MUSIC STUDIOS FOR THE DISABLED | $15,000 |
MEALS ON WHEELS INC PURPOSE: NUTRITIONAL ASSISTANCE | $10,000 |
SALT LAKE CITY MISSION PURPOSE: HOMELESS ASSISTANCE | $10,000 |
SON CARE FOUNDATION INC PURPOSE: EDUCATION | $35,000 |
U CAN LEARN INC PURPOSE: EDUCATION | $12,500 |
UTAH FOOD BANK PURPOSE: HOMELESS ASSISTANCE | $3,000 |