L D Hancock Foundation Inc
- Assets
- $10.4m
- Revenue
- $208.5k
- Investments
- $6.7m
- Employees
- 0
- Location
- Tupelo, MS
- Founding
- 01/1976
- Data as of
- 12/2022
- EIN
- 64-0582491
Organization Overview
L D Hancock Foundation Inc is located in Tupelo, MS. The organization was established in 1976. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L D Hancock 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, L D Hancock Foundation Inc generated $208.5k 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 (6.7%) each year. All expenses for the organization totaled $245.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, L D Hancock Foundation Inc has awarded 41 individual grants totaling $1,389,816. 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
ASSISTING LOCAL CHARITIES IN THEIR WORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine G Hancock Presdir | 0 | $0 | |
Billy Haygood Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,502 |
| Interest on Savings | $39,605 |
| Dividends & Interest | $126,941 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,245 |
| Capital Gain Net Income | $28,783 |
| Net ST Capital Gain | $20,431 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,249 |
| Total Revenue | $208,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $35,306 |
| Taxes | $10,522 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,259 |
| Total operating and administrative expenses | $152,859 |
| Contributions, gifts, grants paid | $92,366 |
| Total expenses and disbursements | $245,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $467,802 |
| Savings and temporary cash investments | $71,337 |
| 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 | $3,220,019 |
| Other assets | $0 |
| Total assets | $10,440,368 |
| 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 | $1,178,886 |
| Other liabilities | $0 |
| Total liabilities | $1,178,886 |
Grants Awarded
Over the last fiscal year, L D Hancock Foundation Inc has awarded $92,366 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL OUTREACH PURPOSE: 501 C 3 CHARITY HELPING PEOPLE WORLDWIDE | $12,366 |
SANCTUARY HOSPICE PURPOSE: 501 C 3 HELPING CRITICALLY ILL PATIENTS | $10,000 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: 501(C)3 THAT PROVIDES SUPPORT AND SERVICES FOR INJURED AND HOMELESS VETERANS AND FIRST RESPONDERS. | $5,000 |
SAMARITANS PURSE PURPOSE: 501(C)3 THAT PROVIDES HUMANITARIAN AID AND DISASTER RELIEF WORLDWIDE. | $20,000 |
FOLDS OF HONOR PURPOSE: 501(C)3 PROVIDING SCHOLARSHIPS FOR THE SPOUSES AND CHILDREN OF FALLEN OR DISABLED MILITARY VETERANS. | $5,000 |
EIGHT DAYS OF HOPE PURPOSE: 501 (C)3 HELPING THOSE AFFECTED BY NATURAL DISASTERS NATIONWIDE. | $40,000 |