Garrett Foundation For Excellence
- Assets
- $55.3k
- Revenue
- $4.1k
- Investments
- $52.9k
- Employees
- 0
- Location
- Ruston, LA
- Founding
- 00/0000
- Data as of
- 06/2022
- EIN
- 91-1811687
Organization Overview
Garrett Foundation For Excellence is located in Ruston, LA. The organization was established in 0000. 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.
For the year ending 06/2022, Garrett Foundation For Excellence generated $4.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO ACTIVITIES CONDUCTED. ONLY CHARITABLE FINANCIAL ACTIVITY WAS TO DONATE FUNDS DIRECTLY TO RUSTON HIGH SCHOOL, A LOUISIANA PUBLIC SCHOOL OF THE LINCOLN PARISH SCHOOL BOARD SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick P Garrett Board Of Managers | 0 | $0 | |
Loyce Garrett Miller Board Of Managers | 0 | $0 | |
Don M Mcgehee Board Of Managers | 0 | $0 | |
Bert Jones Board Of Managers | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $917 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,176 |
| Capital Gain Net Income | $3,176 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,098 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $342 |
| Contributions, gifts, grants paid | $2,775 |
| Total expenses and disbursements | $3,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,440 |
| 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 | $52,873 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $55,313 |
| 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 | $72 |
| Total liabilities | $72 |