Foundation For The Development Of Rural Communities Inc
- Assets
- $26.6k
- Revenue
- $162.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 20-4201085
Organization Overview
Foundation For The Development Of Rural Communities Inc is located in Charlotte, NC. The organization was established in 2009. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Development Of Rural Communities 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, Foundation For The Development Of Rural Communities Inc generated $162.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $193.8k during the year ending 12/2022. While expenses have increased by 12.1% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard K Fowler Chairman & Director | 1 | $0 | |
Helen P Fowler President & Director | 1 | $0 | |
Bryan K Fowler Sec/treas & Director | 1 | $0 | |
Martin P Fowler Vice Pres & Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $71,700 |
| Interest on Savings | $33 |
| Dividends & Interest | $915 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $90,175 |
| Capital Gain Net Income | $90,175 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $162,823 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,441 |
| Printing and publications | $0 |
| Other expenses | $1,804 |
| Total operating and administrative expenses | $5,800 |
| Contributions, gifts, grants paid | $187,950 |
| Total expenses and disbursements | $193,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,770 |
| Savings and temporary cash investments | $23,809 |
| 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 | $26,579 |
| 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 |