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Our Budget

The Historic 1908 Courthouse Foundation is a private, 501(c)(3) corporation. The foundation is not formally associated with either the Town of Independence or Grayson County. All of our income comes from donations, fund-raising events, Gift Shop sales or (occassionaly) matching grants. We do not receive any regular income from state or federal entities. Our local and county governments make nominal donations from time-to-time.

The Foundation has no paid staff - all officers and Board Members serve as volunteers.

We depend on contributions from visitors and residents of the area for a significant portion of our income.

Other income comes from the following sources:

  • Regular events (e.g. Independence Day Celebration, Mountain Foliage Festival, etc.)
  • Office rental within the building
  • Treasury Gift Shop
  • Auditorium Rental for special events (concerts, plays, meetings, private parties, etc)

In 2010, income from all sources was approximately $25,000.

Also in 2010, expenses of all types totaled nearly $30,000.

While the Foundation has a small reserve, this disparity cannot go on for long.

We are trying new fund-raising efforts including adding the Grayson Wine Festival and we hope to get our Gift Shop on-line in the next year.

We will also be making more use of social media such as Facebook and Email campaigns to make up the short-fall and keep the foundation strong.