Norman Foundation
- Assets
- $494.9k
- Revenue
- $19.7k
- Investments
- $333.9k
- Employees
- 0
- Location
- Houston, MS
- Founding
- 11/1994
- Data as of
- 12/2021
- EIN
- 64-0849812
Organization Overview
Norman Foundation is located in Houston, MS. The organization was established in 1994. 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. Norman 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 12/2021, Norman Foundation generated $19.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $26.1k during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 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.
Since 2016, Norman Foundation has awarded 49 individual grants totaling $146,653. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASED AND GAVE AWAY BIBLES & GUIDEPOSTS IN THE HOPE THAT THE READING OF THESE MATERIALS WILL MAKE A SPIRITUAL DIFFERENCE IN THE LIVES OF THE RECIPIENTS.
SUPPORT OF WESLEY CHAPEL CEMETERY FUND AND BOCA BLANCA MISSION BASE
EDUCATIONAL WESLEY BIBLICAL SEMINARY & FRENCH CAMP ACADEMY
METHODIST & LIGHTHOUSE CHILDREN'S HOME
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,542 |
| Dividends & Interest | $13,901 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $630 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$381 |
| Total Revenue | $19,692 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,500 |
| Pension plans, employee benefits | $115 |
| Interest | $0 |
| Taxes | $559 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,597 |
| Contributions, gifts, grants paid | $22,521 |
| Total expenses and disbursements | $26,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,926 |
| Savings and temporary cash investments | $150,082 |
| 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 | $9,202 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $494,926 |
| 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 |
Grants Awarded
Over the last fiscal year, Norman Foundation has awarded $22,521 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GUIDEPOSTS PURPOSE: RELIGIOUS | $8,849 |
AM BIBLE SOCIETY ETC PURPOSE: RELIGIOUS | $3,023 |
WESLEY BIBLICAL SEMINARY PURPOSE: BIBLICAL SEMINARY | $2,500 |
METHODIST LIGHTHOUSE CHILDRENS HOME PURPOSE: SUPPORT | $1,920 |
ROCA BLANCA MISSION BASE PURPOSE: SUPPORT FOR CHRISTIAN EVANGELISM | $1,800 |
CEMETERY FUNDS WESLEY CHAPEL ETC PURPOSE: CEMETERY SUPPORT | $1,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Lyndhurst Foundation Inc Chattanooga, TN | $133,731,560 | $17,356,041 |
Huey And Angelina Wilson Foundation Baton Rouge, LA | $180,086,901 | $15,078,122 |
Ayers Foundation Parsons, TN | $11,206,154 | $10,940,393 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |