Greathouse Foundation
- Assets
- $10.1m
- Revenue
- $1.6m
- Investments
- $9.6m
- Employees
- 0
- Location
- Abilene, TX
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 75-2710208
Organization Overview
Greathouse Foundation is located in Abilene, TX. The organization was established in 1997. 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. Greathouse 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 12/2021, Greathouse Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $811.5k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Greathouse Foundation has awarded 605 individual grants totaling $5,499,856. 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 |
|---|---|---|---|
Carl S Cook Jr Treasurer | 1 | $1,500 | |
Micah Greathouse Vice President | 1 | $1,500 | |
Sharon Mcdonald President | 1 | $1,500 | |
Paul Cannon Secretary | 1 | $0 | |
Dewayne Chitwood VP & Exec Dir | 1 | $0 | |
Robert W Richards Asst. Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $614,804 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $948,103 |
| Capital Gain Net Income | $948,103 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,562,907 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,658 |
| Depreciation | $0 |
| Occupancy | $44,012 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,618 |
| Total operating and administrative expenses | $96,188 |
| Contributions, gifts, grants paid | $715,300 |
| Total expenses and disbursements | $811,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10 |
| Savings and temporary cash investments | $517,142 |
| 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 | $9,587,556 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,104,708 |
| 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, Greathouse Foundation has awarded $715,300 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
Stillwater, OK PURPOSE: TO SUPPORT OKLAHOMA UNIVERSITY PROGRAMS | $137,000 |
ABILENE HERITAGE SQUARE INC PURPOSE: SUPPORT FOR BUILDING RENOVATIONS | $50,000 |
WEST TEXAS REHAB CENTER PURPOSE: SUPPORT FOR THERAPY AND OTHER SERVICES AND PROGRAMS | $35,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: SUPPORT OF THE ALL STAR CLASSIC FUNDRAISER. | $30,600 |
BOYS & GIRLS CLUB OF ABILENE PURPOSE: SUPPORT OF YOUTH GUIDANCE PROGRAMS | $30,000 |
BEN RICHEY BOYS RANCH PURPOSE: SUPPORT FOR TROUBLED YOUTH PROGRAMS | $28,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greathouse Foundation has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Tadsaw Inc San Antonio, TX | | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |