Paul & Sherry Broadhead Foundation
- Assets
- $25.6m
- Revenue
- $1.8m
- Investments
- $24.2m
- Employees
- 0
- Location
- Meridian, MS
- Founding
- 10/1996
- Data as of
- 05/2024
- EIN
- 75-2663393
Organization Overview
Paul & Sherry Broadhead Foundation is located in Meridian, MS. The organization was established in 1996. 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. Paul & Sherry Broadhead 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 05/2024, Paul & Sherry Broadhead Foundation generated $1.8m 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 (28.1%) each year. All expenses for the organization totaled $1.4m during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Paul & Sherry Broadhead Foundation has awarded 243 individual grants totaling $10,453,278. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Howell Vp/secretary/treasurer | 8 | $39,508 | |
Robert D Gholson Director | 2 | $1,500 | |
Suzanne Broadhead Garver President | 2 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,236 |
| Dividends & Interest | $781,868 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,015,215 |
| Capital Gain Net Income | $1,015,215 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,999 |
| Total Revenue | $1,828,318 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,929 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,136 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $146 |
| Total operating and administrative expenses | $183,009 |
| Contributions, gifts, grants paid | $1,255,750 |
| Total expenses and disbursements | $1,438,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,375,936 |
| 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 | $21,303,433 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,565,616 |
| 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, Paul & Sherry Broadhead Foundation has awarded $1,255,750 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL OPERATIONS OF THE ORGANIZATION | $35,000 |
AMERICAN HEART ASSOCIATION INC PURPOSE: GENERAL OPERATIONS OF THE ORGANIZATION | $35,000 |
BOYS AND GIRLS CLUB OF EAST MISSISSIPPI PURPOSE: GENERAL OPERATIONS OF THE ORGANIZATION | $10,000 |
CANCER PATIENT BENEVOLENCE FUND PURPOSE: GENERAL OPERATIONS OF THE ORGANIZATION | $35,000 |
CHARITY WATCH PURPOSE: GENERAL OPERATIONS OF THE ORGANIZATION | $500 |
CHILDREN'S OF MISSISSIPPI PURPOSE: GENERAL OPERATIONS OF THE ORGANIZATION | $75,000 |