Gertude C Ford Foundation Inc
- Assets
- $47.0m
- Revenue
- $5.8m
- Investments
- $43.3m
- Employees
- 0
- Location
- Ridgeland, MS
- Founding
- 10/1991
- Data as of
- 12/2021
- EIN
- 64-0804548
Organization Overview
Gertude C Ford Foundation Inc is located in Ridgeland, MS. The organization was established in 1991. 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. Gertude C Ford 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 12/2021, Gertude C Ford Foundation Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gayle M Papa Manager And | 0 | $90,000 | |
Stephen Sims Manager And | 0 | $90,000 | |
John Lewis Manager And | 0 | $90,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $282,355 |
| Dividends & Interest | $1,449,418 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,080,602 |
| Capital Gain Net Income | $4,080,118 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,512 |
| Total Revenue | $5,821,887 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $270,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $36,064 |
| Taxes | $8,500 |
| Depreciation | $13,549 |
| Occupancy | $18,000 |
| Travel, conferences, and meetings | $117 |
| Printing and publications | $0 |
| Other expenses | $55,066 |
| Total operating and administrative expenses | $746,639 |
| Contributions, gifts, grants paid | $2,418,153 |
| Total expenses and disbursements | $3,164,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,050 |
| Savings and temporary cash investments | $3,698,057 |
| 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 | $11,060,097 |
| Net Land, buildings, and equipment | $14,374 |
| Other assets | $0 |
| Total assets | $46,967,904 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
The William B Wiener Jr Foundation Shreveport, LA | $23,196,478 | $3,677,470 |
Bashinsky Foundation Inc Birmingham, AL | $2,626,965 | $3,568,518 |
Ergon Foundation Inc Jackson, MS | $213,824,095 | $11,919,127 |
Winthrop Rockefeller Foundation Little Rock, AR | $169,499,273 | $12,187,719 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |