Borrowed Hearts Foundation
- Assets
- $279.0k
- Revenue
- $229.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Evansville, IN
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 81-1358951
Organization Overview
Borrowed Hearts Foundation is located in Evansville, IN. The organization was established in 2017. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2021, Borrowed Hearts Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Borrowed Hearts 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, Borrowed Hearts Foundation generated $229.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.3% each year . All expenses for the organization totaled $115.2k during the year ending 12/2021. While expenses have increased by 29.3% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST FOSTER CHILDREN AND FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
BACK TO SCHOOL - CHILDREN GET NEW BACKPACKS, LUNCHBOXES, SCHOOL SUPPLIES, SHOP FOR CLOTHES, GET A HAIRCUT (WE PARTNER WITH LOCAL SALONS) AND PROVIDE SNACK AND ACTIVITIES PROVIDE ASSISTANCE TO FOSTER FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billye Beckham Executive Director | Officer | 0 | $33,346 |
Sarah Gough Director | 0 | $6,480 | |
Emily Garrett Secretary | Officer | 0 | $0 |
Ashley N Hook Treasurer | Officer | 0 | $0 |
Brittney Mcwilliams Vice President | Officer | 0 | $0 |
Cathie Spalding President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,816 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,816 |
| Total Program Service Revenue | $0 |
| Investment income | $102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $9,682 |
| Compensation of current officers, directors, key employees. | $39,826 |
| Compensation of current officers, directors, key employees. | $7,965 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,099 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,805 |
| Advertising and promotion | $2,332 |
| Office expenses | $4,158 |
| Information technology | $2,804 |
| Royalties | $0 |
| Occupancy | $15,960 |
| Travel | $215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186 |
| Insurance | $1,925 |
| All other expenses | $10,222 |
| Total functional expenses | $115,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,838 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,320 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,821 |
| Total assets | $278,979 |
| Accounts payable and accrued expenses | $2,290 |
| Grants payable | $9,387 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,677 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $267,302 |
| Total liabilities and net assets/fund balances | $278,979 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Borrowed Hearts Foundation has recieved totaling $133,356.
| Awarding Organization | Amount |
|---|---|
Welborn Baptist Foundation Inc Evansville, IN PURPOSE: CHRIST CENTERED LIVING | $56,250 |
Welborn Baptist Foundation Inc Evansville, IN PURPOSE: EARLY LEARNING | $32,250 |
Welborn Baptist Foundation Inc Evansville, IN PURPOSE: CHRIST CENTERED LIVING | $18,750 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,000 |
Welborn Baptist Foundation Inc Evansville, IN PURPOSE: EARLY LEARNING | $7,313 |
Welborn Baptist Foundation Inc Evansville, IN PURPOSE: NONPROFIT EXCELLENCE | $3,552 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Homes Skokie, IL | $460,360,428 | $88,918,255 |
Corporate America Family Credit Elgin, IL | $809,180,688 | $33,061,096 |
Renaissance Social Services Inc Chicago, IL | $2,138,317 | $6,632,596 |
National Council Of The United States Society Of St Vincent De Pa Maryland Heights, MO | $13,687,159 | $9,469,574 |
Hamdard Center For Health And Human Services Nfp Addison, IL | $4,418,541 | $7,412,868 |
Community Memorial Foundation Hinsdale, IL | $100,177,205 | $2,649,104 |
Korean-American Senior Center Inc Chicago, IL | $3,306,753 | $5,703,474 |
Make-A-Wish Foundation Of Missouri And Kansas Ballwin, MO | $7,006,477 | $5,966,300 |
Nurses For Newborns Maplewood, MO | $4,515,132 | $4,457,590 |
On My Own Inc Nevada, MO | $3,816,358 | $3,622,772 |
Coordinated Advice And Referral Program For Legal Services Chicago, IL | $2,874,944 | $4,385,388 |
Illinois Child Care Bureau Chicago, IL | $364,682 | $4,111,886 |