Carrie E And Lena V Glenn Foundation Inc
- Assets
- $6.6m
- Revenue
- $508.2k
- Investments
- $6.2m
- Employees
- 0
- Location
- Gastonia, NC
- Founding
- 03/2005
- Data as of
- 06/2022
- EIN
- 20-1808211
Organization Overview
Carrie E And Lena V Glenn Foundation Inc is located in Gastonia, NC. The organization was established in 2005. 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. Carrie E And Lena V Glenn 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 06/2022, Carrie E And Lena V Glenn Foundation Inc generated $508.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $372.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carrie E And Lena V Glenn Foundation Inc has awarded 348 individual grants totaling $3,827,600. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
A HISTORY OF THE GLENN FAMILY OF GASTON COUNTY, NORTH CAROLINA AND THE CARRIE E. AND LENA V. GLENN FOUNDATION HAS BEEN WRITTEN AS A GIFT TO THE GREATER GASTON COMMUNITY. THIS HISTORY HAS BEEN PUBLISHED AND THE BOOKS WILL BE GIFTED TO INDIVIDUALS AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Lineberger Executive Di | 20 | $40,082 | |
Vincent C Wong Director | 2 | $0 | |
Gregory S Sellers Treasurer | 2 | $0 | |
Richard C Blackburn Director | 2 | $0 | |
Ann R Davis Secretary | 2 | $0 | |
David R Rogers Vice Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27 |
| Dividends & Interest | $302,496 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $205,619 |
| Capital Gain Net Income | $205,619 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $42 |
| Total Revenue | $508,184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,082 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,707 |
| Depreciation | $1,290 |
| Occupancy | $11,860 |
| Travel, conferences, and meetings | $7,579 |
| Printing and publications | $0 |
| Other expenses | $24,604 |
| Total operating and administrative expenses | $133,964 |
| Contributions, gifts, grants paid | $238,000 |
| Total expenses and disbursements | $371,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $481,056 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,634,747 |
| Accounts payable and accrued expenses | $55 |
| Grants payable | $232,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $10,382 |
| Total liabilities | $242,437 |
Grants Awarded
Over the last fiscal year, Carrie E And Lena V Glenn Foundation Inc has awarded $514,300 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY OF PURPOSE: HOME REPAIR HOUSING SOLUTIONS | $75,000 |
SALVATION ARMY PURPOSE: HVAC UNITS AT CENTER OF HOPE | $29,000 |
BOYS AND GIRLS CLUBS PURPOSE: COVID RESPONSE ENRICHMENT PROGRAM | $25,000 |
GASTON COUNTY EDUCATION FOUNDATION PURPOSE: PUBLIC SCHOOL PROGRAMS | $25,000 |
KEEP GASTONIA BEAUTIFUL PURPOSE: GREAT PLACE TO BEE | $22,050 |
CRISIS ASSISTANCE MINISTRIES PURPOSE: CRISIS ASSISTANCE PROGRAM | $20,000 |
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 |