Gary & Diane Heavin Community Fund
- Assets
- $27.4m
- Revenue
- $117.0k
- Investments
- $20.6m
- Employees
- 0
- Location
- Gatesville, TX
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 74-3003293
Organization Overview
Gary & Diane Heavin Community Fund is located in Gatesville, TX. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Gary & Diane Heavin Community 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, Gary & Diane Heavin Community Fund generated $117.0k 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 (8.7%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gary & Diane Heavin Community Fund has awarded 336 individual grants totaling $17,112,176. 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 |
|---|---|---|---|
Gary Heavin President | 0.5 | $0 | |
Diane Heavin Vice-President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $109,322 |
| Interest on Savings | $0 |
| Dividends & Interest | $284,594 |
| Net Rental Income | -$35,969 |
| Net Gain on Sale of Assets | -$246,923 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$29,965 |
| Total Revenue | $117,028 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,553 |
| Depreciation | $27,672 |
| Occupancy | $18,229 |
| Travel, conferences, and meetings | $6,932 |
| Printing and publications | $0 |
| Other expenses | $178,976 |
| Total operating and administrative expenses | $237,985 |
| Contributions, gifts, grants paid | $2,832,851 |
| Total expenses and disbursements | $3,070,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,532 |
| Savings and temporary cash investments | $4,004,816 |
| 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 | $985,019 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,791,000 |
| Total assets | $27,384,859 |
| 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, Gary & Diane Heavin Community Fund has awarded $2,832,851 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
A MOTHER'S EARTH INC PURPOSE: GENERAL OPERATIONS | $12,315 |
CONSUMER WELLNESS CENTER PURPOSE: GENERAL OPERATIONS | $150,000 |
GATESVILLE CARE CENTER PURPOSE: GENERAL OPERATIONS | $25,000 |
LIFELINE CHRISTIAN MISSION PURPOSE: GENERAL OPERATIONS | $196,815 |
TRINITY OAKS PURPOSE: GENERAL OPERATIONS | $10,000 |
AUSTIN HEALTH PURPOSE: GENERAL OPERATIONS | $185,000 |