Hargis Foundation Inc
- Assets
- $1.2m
- Revenue
- $171.4k
- Investments
- $518.0k
- Employees
- 0
- Location
- Russellville, KY
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 81-4538554
Organization Overview
Hargis Foundation Inc is located in Russellville, KY. The organization was established in 2017. 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. Hargis 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 12/2021, Hargis Foundation Inc generated $171.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (29.3%) each year. All expenses for the organization totaled $102.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Hargis Foundation Inc has awarded 81 individual grants totaling $352,400. 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 |
|---|---|---|---|
Eugene Hargis President | 5 | $0 | |
Diane Hargis Director | 1 | $0 | |
Marsha Crowder Director | 0 | $0 | |
Scott Crowder Director | 0 | $0 | |
Jennifer Cates Director | 0 | $0 | |
Rodger Cowan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $171,207 |
| Interest on Savings | $185 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $171,392 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $127 |
| Total operating and administrative expenses | $142 |
| Contributions, gifts, grants paid | $102,100 |
| Total expenses and disbursements | $102,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,108 |
| Savings and temporary cash investments | $150,000 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $1,210,060 |
| 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, Hargis Foundation Inc has awarded $102,100 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
THE POINT CHURCH PURPOSE: FINANCIAL SUPPORT | $19,400 |
IOM CHARLES SIMPSON MINISTIRES PURPOSE: FINANCIAL SUPPORT | $12,000 |
Russellville, KY PURPOSE: FINANCIAL SUPPORT | $9,000 |
Russellville, KY PURPOSE: FINANCIAL SUPPORT | $7,000 |
NEUROHOPE REHABILITATION REDEFINED PURPOSE: FINANCIAL SUPPORT | $6,000 |
GALILEAN CHILDERNS HOME PURPOSE: FINANCIAL SUPPORT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |