Ed & Mary Heath Foundation
- Assets
- $1.8m
- Revenue
- $96.5k
- Investments
- $1.7m
- Employees
- 0
- Location
- Tyler, TX
- Founding
- 08/1955
- Data as of
- 12/2022
- EIN
- 75-6021506
Organization Overview
Ed & Mary Heath Foundation is located in Tyler, TX. The organization was established in 1955. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ed & Mary Heath 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 12/2022, Ed & Mary Heath Foundation generated $96.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $127.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ed & Mary Heath Foundation has awarded 18 individual grants totaling $537,859. 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 |
|---|---|---|---|
Jim Echols Secretary | 0 | $0 | |
Bobby Hicks Chairman | 0 | $0 | |
Pike Wisner Director | 0 | $0 | |
Charles H White Jr Vice Ch & Treas | 8 | $12,539 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $48,931 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,976 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $55,511 |
| Total Revenue | $96,477 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,289 |
| Other employee salaries and wages | $15,030 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,378 |
| Depreciation | $0 |
| Occupancy | $4,200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,731 |
| Total operating and administrative expenses | $60,387 |
| Contributions, gifts, grants paid | $67,309 |
| Total expenses and disbursements | $127,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,470 |
| Savings and temporary cash investments | $15,036 |
| Net Accounts receivable | $2,222 |
| 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 | $371,541 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,764,113 |
| 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 | $3,682 |
| Total liabilities | $3,682 |
Grants Awarded
Over the last fiscal year, Ed & Mary Heath Foundation has awarded $67,309 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED SCHEDULE 1 PURPOSE: COMMUNITY SERVICE & OTHER | $24,800 |
SEE ATTACHED SCHEDULE 1 PURPOSE: RELIGIOUS | $42,509 |