Norman Foundation
- Assets
- $482.6k
- Revenue
- $17.6k
- Investments
- $322.9k
- Employees
- 0
- Location
- Houston, MS
- Founding
- 11/1994
- Data as of
- 12/2022
- 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 12/2022, Norman Foundation generated $17.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $29.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Norman Foundation has awarded 49 individual grants totaling $147,803. 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
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 BOY SCOUT OF AMERICA, BOCA BLANCA MISSION BASE AND OTHERS
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 | $2,746 |
| Dividends & Interest | $14,754 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $126 |
| Capital Gain Net Income | $104 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$30 |
| Total Revenue | $17,596 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,400 |
| Pension plans, employee benefits | $184 |
| Interest | $0 |
| Taxes | $466 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,543 |
| Contributions, gifts, grants paid | $25,388 |
| Total expenses and disbursements | $29,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,175 |
| Savings and temporary cash investments | $154,528 |
| 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 | $7,627 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $482,628 |
| 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 $25,388 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AM BIBLE SOCIETY ETC PURPOSE: RELIGIOUS | $2,943 |
GUIDEPOSTS PURPOSE: RELIGIOUS | $10,875 |
LIGHTHOUSE CHILDREN'S HOME PURPOSE: EDUCATIONAL | $1,920 |
METHODIST CHILDRENS HOME PURPOSE: EDUCATIONAL | $1,200 |
WESLEY BIBLICAL SEMINARY PURPOSE: BIBLICAL SEMINARY | $2,500 |
BOY SCOUTS OF AMERICA PURPOSE: EDUCATIONAL | $1,500 |