E T Rollins Jr And Frances Prollins Foundation
- Assets
- $3.9m
- Revenue
- $205.5k
- Investments
- $3.8m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 20-4802775
Organization Overview
E T Rollins Jr And Frances Prollins Foundation is located in Chapel Hill, NC. The organization was established in 2007. 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. E T Rollins Jr And Frances Prollins 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 12/2022, E T Rollins Jr And Frances Prollins Foundation generated $205.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $310.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, E T Rollins Jr And Frances Prollins Foundation has awarded 90 individual grants totaling $1,941,819. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $127,135 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,383 |
| Capital Gain Net Income | $78,383 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $205,518 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,237 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $60,397 |
| Contributions, gifts, grants paid | $249,979 |
| Total expenses and disbursements | $310,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,644 |
| 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 | $417,369 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,928,339 |
| 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, E T Rollins Jr And Frances Prollins Foundation has awarded $249,979 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLINA PERFORMING ARTS PURPOSE: EDUCATIONAL | $25,000 |
DUKE GARDENS PURPOSE: EDUCATIONAL | $20,000 |
CAROLINA BALLET PURPOSE: EDUCATIONAL | $25,000 |
DURHAM COUNTY LIBRARY FOUNDATION PURPOSE: PROVIDES BOOKS, SERVICES AND OTHER RESOURCES | $25,000 |
DURHAM NATIVITY SCHOOL PURPOSE: EDUCATIONAL | $1,000 |
DURHAM RESCUE MISSION PURPOSE: PROVIDE SUPPORT TO THOSE IN NEED TO BECOME FUNCTIONAL CITIZENS | $20,000 |