Jasmine Hill Foundation
- Assets
- $530.8k
- Revenue
- $74.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 05/1995
- Data as of
- 11/2023
- EIN
- 63-1133501
Organization Overview
Jasmine Hill Foundation is located in Montgomery, AL. The organization was established in 1995. According to its NTEE Classification (A24) the organization is classified as: Folk Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jasmine Hill Foundation 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, Jasmine Hill Foundation generated $74.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $119.6k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
JASMINE HILL FOUNDATION OERATED GARDEN TOURS FOR INDIVIDUALS AND TOUR GROUPS FOR THE PURPOSE OF EDUCATING AND INCREASING AWARENESS ABOUT GREEK ART, HISTORY AND MYTHOLOGY. THE FOUNDATION WAS SEVERELY IMPACTED BY THE CORONA VIRUS PANDEMIC IN 2020 AND SUBSEQUENT YEARS. SINCE THEN, THE BOARD OF DIRECTORS HAS BEEN EXLORING OPPORTUNITIES FOR A NEW FUTURE FOR THE ENTITY AND ANTICIPATES RESOLUTION IN FYE 2024. THERE WAS NO ACTIVITY IN THE CURRENT YEAR. THESE EXPENSES WERE INCURRED TO MAINTAIN AND PRESERVE THE ASSETS OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim T Inscoe Vice-Pres | 20 | $0 | |
Elmore I Demott President | 0.25 | $0 | |
Allison I Chandler Director | 0.25 | $0 | |
J Turner Inscoe For Elmore Inscoe Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $74,309 |
| Interest on Savings | $0 |
| Dividends & Interest | $146 |
| 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 | $0 |
| Total Revenue | $74,455 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $28,738 |
| Pension plans, employee benefits | $2,238 |
| Interest | $0 |
| Taxes | $3,270 |
| Depreciation | $36,252 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,760 |
| Total operating and administrative expenses | $119,566 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $119,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $725 |
| 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 | $529,383 |
| Other assets | $0 |
| Total assets | $530,759 |
| Accounts payable and accrued expenses | $491 |
| 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 | $491 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tennessee Association Of Craft Artists Nashville, TN | $400,914 | $571,249 |
Country Dance & Song Society Inc Knoxville, TN | $90,841 | $0 |
Jasmine Hill Foundation Montgomery, AL | $530,759 | $74,455 |
Georgia Pick Bow Traditional Music School Dahlonega, GA | $29,639 | $0 |
Florida Artist Blacksmith Association Inc St Augustine, FL | $62,564 | $0 |
Schuhplattler Gruppe Alpenrose Inc Orlando, FL | $85,312 | $0 |
Afro Borinken Roots Performing Group Inc Miami, FL | $797 | $0 |