Gertude C Ford Foundation Inc
- Assets
- $44.7m
- Revenue
- $3.5m
- Investments
- $43.3m
- Employees
- 0
- Location
- Ridgeland, MS
- Founding
- 10/1991
- Data as of
- 12/2023
- 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 12/2023, Gertude C Ford Foundation Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $4.5m during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 |
|---|---|---|---|
John Lewis Manager And | 0 | $98,000 | |
Stephen Sims Manager And | 0 | $98,000 | |
Gayle M Papa Manager And | 0 | $98,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $222,934 |
| Dividends & Interest | $1,379,838 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,874,808 |
| Capital Gain Net Income | $1,874,808 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,410 |
| Total Revenue | $3,485,990 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $294,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $359 |
| Taxes | $12,367 |
| Depreciation | $4,844 |
| Occupancy | $18,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $92,717 |
| Total operating and administrative expenses | $753,630 |
| Contributions, gifts, grants paid | $3,720,166 |
| Total expenses and disbursements | $4,473,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,050 |
| Savings and temporary cash investments | $1,306,668 |
| 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 | $11,116,800 |
| Net Land, buildings, and equipment | $14,196 |
| Other assets | $0 |
| Total assets | $44,665,990 |
| 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 |