The Faile Foundation Inc
- Assets
- $3.0m
- Revenue
- $596.6k
- Investments
- $2.8m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 06-1379812
Organization Overview
The Faile Foundation Inc is located in Greensboro, NC. The organization was established in 1994. 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. Faile 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, Faile Foundation Inc generated $596.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $255.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Faile Foundation Inc has awarded 71 individual grants totaling $1,243,575. 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 |
|---|---|---|---|
Danica A Zupic Executive Director | 40 | $50,500 | |
Toni Faile Lyerly President | 1.5 | $0 | |
Jennifer J Faile Vice President | 1.5 | $0 | |
Alicia M Zupic Secretary | 1.5 | $0 | |
Lawrence Lyerly Treasurer | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,376 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $533,466 |
| Capital Gain Net Income | $533,466 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,774 |
| Total Revenue | $596,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,135 |
| Interest | $0 |
| Taxes | $4,612 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,243 |
| Total operating and administrative expenses | $108,514 |
| Contributions, gifts, grants paid | $147,245 |
| Total expenses and disbursements | $255,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $173,217 |
| 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 | $665,333 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,016,863 |
| 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, The Faile Foundation Inc has awarded $147,245 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD HOPE COUNTRY DAY SCHOOL PURPOSE: TUITION ASSISTANCE FUND | $30,029 |
St Thomas, VI PURPOSE: ENVIRONMENTAL OUTREACH AND GARDEN PROGRAM | $30,000 |
Asheville, NC PURPOSE: SUPPORT OF THE EARLY LEARNING PROGRAM AND THE EMPOWERMENT CHILD CARE PROGRAM | $30,000 |
LUTHERAN SOCIAL SERVICES OF THE VIRGIN ISLANDS PURPOSE: GENERAL SUPPORT FOR THE QUEEN LOUISE HOME AND SISTER EMMA COTTAGE | $25,000 |
WILDHEART PURPOSE: FOR THE LOVE THE HILL SUMMER PROJECT | $20,000 |
DETOUR PURPOSE: GENERAL PROGRAM SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |