Clifford F Favrot Family Fund
- Assets
- $2.7m
- Revenue
- $257.6k
- Investments
- $2.6m
- Employees
- 0
- Location
- Covington, LA
- Founding
- 07/1961
- Data as of
- 12/2022
- EIN
- 72-6018687
Organization Overview
Clifford F Favrot Family Fund is located in Covington, LA. The organization was established in 1961. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Clifford F Favrot Family Fund 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, Clifford F Favrot Family Fund generated $257.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $332.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Clifford F Favrot Family Fund has awarded 53 individual grants totaling $732,500. 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 |
|---|---|---|---|
William E Favrot Director | 5 | $45,000 | |
Sallie F Stroud Assistant Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $813 |
| Dividends & Interest | $111,795 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $144,960 |
| Capital Gain Net Income | $144,960 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $257,568 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,471 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $205 |
| Other expenses | $19,101 |
| Total operating and administrative expenses | $70,263 |
| Contributions, gifts, grants paid | $262,500 |
| Total expenses and disbursements | $332,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,983 |
| Savings and temporary cash investments | $0 |
| 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 | $5,700 |
| Investments—other | $165,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,668,280 |
| 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, Clifford F Favrot Family Fund has awarded $262,500 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
MONTEAGLE SS ASSEMBLY PURPOSE: GENERAL | $5,000 |
MISSION CINCINNATI PURPOSE: GENERAL | $5,000 |
NATIONAL MOTORISTS ASSOCIATION PURPOSE: GENERAL | $10,000 |
NORTH LAKE CHRISTIAN SCHOOL PURPOSE: GENERAL | $5,000 |
INTREPID FALLEN HEROES FUND PURPOSE: GENERAL | $3,000 |
OMF INTERNATIONAL PURPOSE: GENERAL | $5,000 |