Poole Family Foundation
- Assets
- $1.5m
- Revenue
- $174.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Kinston, NC
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 20-8779110
Organization Overview
Poole Family Foundation is located in Kinston, NC. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Poole Family 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 12/2021, Poole Family Foundation generated $174.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $94.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Poole Family Foundation has awarded 15 individual grants totaling $228,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DISTRIBUTE SO MUCH OR ALL OF THE INCOME & PRINCIPAL FOR THE BENEFIT OF CHARITABLE, EDUCATIONAL, LITERARY OR SCIENTIFIC PURPOSES AS DEFINED IN CODE SECTION OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter R Poole Jr President | 0 | $0 | |
J Gregory Poole Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,829 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $143,681 |
| Capital Gain Net Income | $94,277 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $174,510 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $854 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58 |
| Total operating and administrative expenses | $25,468 |
| Contributions, gifts, grants paid | $69,000 |
| Total expenses and disbursements | $94,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,480,114 |
| 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 | $1,480,114 |
| Accounts payable and accrued expenses | $91,275 |
| 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 | $91,275 |
Grants Awarded
Over the last fiscal year, Poole Family Foundation has awarded $69,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LOCAL CHARITIES PURPOSE: LOCAL CHARITIES | $20,500 |
VARIOUS CHURCHES PURPOSE: RELIGIOUS | $17,000 |
EDUCATIONAL INSTITUTIONS PURPOSE: EDUCATIONAL | $17,000 |
OTHER CHARITIES PURPOSE: OTHER CHARITIES | $8,000 |
NATIONAL CHARITIES PURPOSE: NATIONAL CHARITIES | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Darnall W Boyd Foundation Inc Columbia, SC | $0 | $6,239,520 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Spring Foundation Inc Atlanta, GA | $104,160,284 | -$7,184,259 |
The Williams Brice Edwards Charitable Trust Sumter, SC | $57,951,375 | $6,028,487 |
The Scott Hudgens Family Foundation Inc Duluth, GA | $0 | $7,703,530 |