Phil Hardin Foundation
- Assets
- $50.7m
- Revenue
- $1.3m
- Investments
- $44.3m
- Employees
- 0
- Location
- Meridian, MS
- Founding
- 10/1964
- Data as of
- 12/2023
- EIN
- 64-6024940
Organization Overview
Phil Hardin Foundation is located in Meridian, MS. The organization was established in 1964. 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. Phil Hardin 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 12/2023, Phil Hardin Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Phil Hardin Foundation has awarded 659 individual grants totaling $94,946,005. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert F Ward President | 8 | $74,364 | |
Ronnie L Walton Secretary | 6 | $60,960 | |
Martin Davidson Treasurer | 6 | $60,960 | |
Jim Mcginnis Director | 4 | $26,000 | |
Kacey Bailey Director | 4 | $27,000 | |
Michael Van Veckhoven Director | 4 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,933,370 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$672,312 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,261,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $328,284 |
| Other employee salaries and wages | $225,710 |
| Pension plans, employee benefits | $37,766 |
| Interest | $0 |
| Taxes | $37,835 |
| Depreciation | $37,545 |
| Occupancy | $11,246 |
| Travel, conferences, and meetings | $17,400 |
| Printing and publications | $15,620 |
| Other expenses | $64,008 |
| Total operating and administrative expenses | $841,445 |
| Contributions, gifts, grants paid | $3,829,936 |
| Total expenses and disbursements | $4,671,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $739,439 |
| Savings and temporary cash investments | $5,068,682 |
| 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 | $594,612 |
| Other assets | $0 |
| Total assets | $50,695,256 |
| 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, Phil Hardin Foundation has awarded $10,639,436 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
BELHAVEN UNVIVERSITY PURPOSE: INVESTMENT FUND FOR DOCTORATE | $101,700 |
AFTERNOON ADVENTURE LEARNING CENTER PURPOSE: AFTERSCHOOL AND SUMMER TUTORING PROGRAMS | $10,000 |
BUT GOD MINISTRIES PURPOSE: JFC MONTESSORI | $25,000 |
CHILDRENS FOUNDATION OF MS PURPOSE: OPERATING SUPPORT, UNTAPPED POTENTIAL, AMPLIFYING OUR POTENTIAL | $135,000 |
BOYS AND GIRLS CLUBS OF CENTRAL MS INC PURPOSE: CULINARY ARTS PROGRAM | $75,000 |
EAST MS BUSINESS DEVELOPMENT FOUNDATION PURPOSE: MS SCHOLARS AND TECH MASTERS | $45,000 |