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Garrett Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Printing, Publishing (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$11.8k (2022)

Expenses
$2.06k (2022)

Total Assets
$57.7k (2022)

Total Liabilities
$0 (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,807
Expenses
$2,061
Net Income
$9,746
Net Assets
$57,668
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $11,807
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,061
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $57,668
Total Liabilities $0
Net Assets $57,668
Compensation
Key Employees and Officers Compensation Other
Terry Mayfield (Board Chair/Ceo) $0 $0
Valerie Morgan (Coo) $0 $0
Lt Ward Jr (Cfo) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,837
Expenses
$1,747
Net Income
$10,090
Net Assets
$47,922
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $11,837
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,039
59.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $47,922
Total Liabilities $0
Net Assets $47,922
Compensation
Key Employees and Officers Compensation Other
Terry Mayfield (Board Chair/Ceo) $0 $0
Valerie Morgan (Coo) $0 $0
Lt Ward Jr (Cfo) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,772
Expenses
$1,945
Net Income
$8,827
Net Assets
$37,831
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,772
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,297
66.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $37,832
Total Liabilities $1
Net Assets $37,831
Compensation
Key Employees and Officers Compensation Other
Terry Mayfield (Board Chair/Ceo) $0 $0
Valerie Morgan (Coo) $0 $0
Lt Ward Jr (Cfo) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$15,893
Expenses
$4,370
Net Income
$11,523
Net Assets
$29,004
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $15,893
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $29,005
Total Liabilities $1
Net Assets $29,004
Compensation
Key Employees and Officers Compensation Other
Terry Mayfield (Board Chair/Ceo) $0 $0
Valerie Morgan (Coo) $0 $0
Lt Ward Jr (Cfo) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,550
Expenses
$2,608
Net Income
$14,942
Net Assets
$17,482
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $17,550
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,608
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $17,482
Total Liabilities $0
Net Assets $17,482
Compensation
Key Employees and Officers Compensation Other
Terry Mayfield (Board Chair/Ceo) $0 $0
Valerie Morgan (Coo) $0 $0
Lt Ward Jr (Cfo) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$18,372
Expenses
$22,772
Net Income
-$4,400
Net Assets
$2,540
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $18,372
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $22,772
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,540
Total Liabilities $0
Net Assets $2,540
Compensation
Key Employees and Officers Compensation Other
Terry Mayfield (Board Chair/Ceo) $0 $0
Valerie Morgan (Coo) $0 $0
Lt Ward Jr (Cfo) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$21,881
Expenses
$19,491
Net Income
$2,390
Net Assets
$6,940
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $21,881
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $19,491
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,940
Total Liabilities $0
Net Assets $6,940
Compensation
Key Employees and Officers Compensation Other
Terry Mayfield (Board Chair/Ceo) $0 $0
Valerie Morgan (Coo) $0 $0
Lt Ward Jr (Cfo) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,305
Expenses
$5,247
Net Income
$58
Net Assets
$4,550
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,305
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,247
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,550
Total Liabilities $0
Net Assets $4,550
Compensation
Key Employees and Officers Compensation Other
Terry Mayfield (Board Chair/Ceo) $0 $0
Valerie Morgan (Coo) $0 $0
Lt Ward Jr (Cfo) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,543
Expenses
$3,690
Net Income
$1,853
Net Assets
$4,492
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,543
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,690
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,492
Total Liabilities $0
Net Assets $4,492
Compensation
Key Employees and Officers Compensation Other
Howard C Garrett (President) $0 $0
Thomas Keen Sr (Vice President) $0 $0
Nancy G Keen (Secretary) $0 $0
Carol Garrett (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,210
Expenses
$3,548
Net Income
-$338
Net Assets
$2,639
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,210
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,548
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,639
Total Liabilities $0
Net Assets $2,639
Compensation
Key Employees and Officers Compensation Other
Howard C Garrett (President) $0 $0
Thomas Keen Sr (Vice President) $0 $0
Nancy G Keen (Secretary) $0 $0
Carol Garrett (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$13,150
Expenses
$14,887
Net Income
-$1,737
Net Assets
$2,976
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $13,150
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $14,887
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,977
Total Liabilities $1
Net Assets $2,976

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,811
Expenses
$4,762
Net Income
$49
Net Assets
$4,713
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,811
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,762
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,714
Total Liabilities $1
Net Assets $4,713

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Types of Nonprofits

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