H Clay And Wavie M Presnell Foundation
- Assets
- $2.7m
- Revenue
- $319.0k
- Investments
- $2.6m
- Employees
- 0
- Location
- Randleman, NC
- Founding
- 06/2005
- Data as of
- 07/2024
- EIN
- 20-2007162
Organization Overview
H Clay And Wavie M Presnell Foundation is located in Randleman, 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. H Clay And Wavie M Presnell Foundation 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 07/2024, H Clay And Wavie M Presnell Foundation generated $319.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $189.3k during the year ending 07/2024. While expenses have increased by 4.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, H Clay And Wavie M Presnell Foundation has awarded 59 individual grants totaling $623,387. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Kesler President | 1 | $0 | |
Linda Mcneill Vice President | 1 | $0 | |
Roxanne Kesler Director | 1 | $0 | |
Tammy Webster Secretary-Treasurer | 10 | $30,032 | |
Bob Mason Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $268,906 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,046 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $300,232 |
| Net ST Capital Gain | $46,709 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $318,952 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,032 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,767 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $506 |
| Printing and publications | $0 |
| Other expenses | $31,994 |
| Total operating and administrative expenses | $68,799 |
| Contributions, gifts, grants paid | $120,466 |
| Total expenses and disbursements | $189,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $103,629 |
| 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 | $2,684,369 |
| 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, H Clay And Wavie M Presnell Foundation has awarded $120,466 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
100 MAN PROJECT PURPOSE: PURCHASE OFNEW VEHICLE | $10,000 |
MIDWAY WESLEYAN CHURCH PURPOSE: PROJECT | $7,500 |
GRAYS CHAPEL UMC PURPOSE: FOOD MINISTRY | $20,000 |
NAAMAN'S VILLAGE PURPOSE: PROJECT | $27,200 |
RANDOLPH COUNTY FAMILY CRISIS CENTER PURPOSE: CHILD ABUSECASE EXPENSES | $20,766 |
VICTORY JUNCTION PURPOSE: FAMILYWEEKEND CAMP | $25,000 |