Harper Family Foundation Inc
- Assets
- $2.2m
- Revenue
- $668.6k
- Investments
- $2.2m
- Employees
- 0
- Location
- Midland, TX
- Founding
- Data as of
- 12/2022
- EIN
- 87-1021296
Organization Overview
Harper Family Foundation Inc is located in Midland, TX. 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. Harper Family 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 12/2022, Harper Family Foundation Inc generated $668.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (42.7%) each year. All expenses for the organization totaled $387.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Harper Family Foundation Inc has awarded 16 individual grants totaling $489,738. 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 |
|---|---|---|---|
Jack F Harper Vice President | 0 | $0 | |
Shelley D Harper President/seccretary | 0 | $0 | |
Michael Mcwilliams Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $88,372 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $580,196 |
| Capital Gain Net Income | $580,196 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $668,568 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $822 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $244 |
| Total operating and administrative expenses | $2,301 |
| Contributions, gifts, grants paid | $384,738 |
| Total expenses and disbursements | $387,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,088 |
| Savings and temporary cash investments | $0 |
| 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 | $2,152,345 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,206,433 |
| 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, Harper Family Foundation Inc has awarded $384,738 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MANOR PARK PURPOSE: SUPPORTING UPDATES TO THE SENIOR LIVING HVAC SYSTEMS | $25,000 |
TEXAS CHRISTIAN UNIVERSITY PURPOSE: LAUREN F. HARPER '21 & CAROLINE B. HARPER '22 ENDOWED FAMILY SCHOLARSHIP | $50,000 |
YOUNG LIFE TEXAS PURPOSE: TEXAS CAMP DEVELOPMENT MISSION | $40,000 |
YOUNG LIFE MIDLAND PURPOSE: SUPPORTING YOUNGLIFE LONEHOLLOW CAMP | $5,000 |
BAYLOR UNIVERSITY PURPOSE: HARPER ENDOWED SCHOLARSHIP | $39,638 |
MHS FOOTBALL PURPOSE: DONATION | $5,000 |