Christian Heritage Foundation Inc
- Assets
- $437.8k
- Revenue
- $109.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleburne, TX
- Founding
- 04/1983
- Data as of
- 12/2023
- EIN
- 75-3089059
Organization Overview
Christian Heritage Foundation Inc is located in Cleburne, TX. The organization was established in 1983. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Heritage Foundation Inc 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, Christian Heritage Foundation Inc generated $109.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $644.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Christian Heritage Foundation Inc has awarded 374 individual grants totaling $1,047,822. 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 |
|---|---|---|---|
Charles Garrett President | 40 | $41,437 | |
Mary Ann Mize Chairman | 0 | $0 | |
Harold Gilliam Vice Chairman | 0 | $0 | |
Cindy Rigby Secretary | 0 | $0 | |
Rick Douglas Trustee | 0 | $0 | |
Roger Harmon Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,445 |
| Dividends & Interest | $7,519 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,723 |
| Capital Gain Net Income | $146,370 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $109,687 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $114,925 |
| Other employee salaries and wages | $106,677 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,112 |
| Depreciation | $26,588 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $277,929 |
| Total operating and administrative expenses | $553,938 |
| Contributions, gifts, grants paid | $90,646 |
| Total expenses and disbursements | $644,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $381,898 |
| 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 | $55,932 |
| Other assets | $0 |
| Total assets | $437,830 |
| 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 | $667 |
| Total liabilities | $667 |
Grants Awarded
Over the last fiscal year, Christian Heritage Foundation Inc has awarded $90,646 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BONO BAPTIST CHURCH PURPOSE: GENERAL SUPPORT | $85 |
BROKEN PIECES MINISTRY PURPOSE: GENERAL SUPPORT | $2,000 |
CALVARY BAPTIST CHURCH PURPOSE: GENERAL SUPPORT | $728 |
CENTRO CRISTIANO BETHEL ASSEMBLY OF GOD PURPOSE: GENERAL SUPPORT | $2,700 |
CHAMBERS CREEK BAPTIST CHURCH PURPOSE: GENERAL SUPPORT | $91 |
FIELD STREET BAPTIST CHURCH PURPOSE: GENERAL SUPPORT | $5,232 |