Boyd Works Foundation Inc
- Assets
- $12.3m
- Revenue
- $308.0
- Investments
- $0.0
- Employees
- 0
- Location
- Henderson, NC
- Founding
- 01/2006
- Data as of
- 12/2022
- EIN
- 11-3709206
Organization Overview
Boyd Works Foundation Inc is located in Henderson, NC. The organization was established in 2006. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boyd Works 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, Boyd Works Foundation Inc generated $308.0 in total revenue. All expenses for the organization totaled $619.2k during the year ending 12/2022.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE PART XV, LINE 3A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maurice Boyd President | 0 | $0 | |
Glenn Allen Boyd Jr Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $308 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,853 |
| Depreciation | $292,885 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $312,192 |
| Contributions, gifts, grants paid | $306,958 |
| Total expenses and disbursements | $619,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,984,278 |
| Savings and temporary cash investments | $3,082,465 |
| 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 | $16 |
| Net Investments - land, buildings, equipment | $1,104,392 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,175,600 |
| Other assets | $0 |
| Total assets | $12,346,751 |
| 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, Boyd Works Foundation Inc has awarded $56,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ENGLEWOOD BAPTIST CHURCH PURPOSE: UNRESTRICTED | $25,000 |
CROSSROADS CHRISTIAN SCHOOL PURPOSE: UNRESTRICTED | $31,000 |