Elizabeth City Foundation Committee
- Assets
- $3.5m
- Revenue
- $239.3k
- Investments
- $3.4m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 08/1968
- Data as of
- 07/2024
- EIN
- 23-7076018
Organization Overview
Elizabeth City Foundation Committee is located in Raleigh, NC. The organization was established in 1968. 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. Elizabeth City Foundation Committee 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, Elizabeth City Foundation Committee generated $239.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $238.6k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Elizabeth City Foundation Committee has awarded 153 individual grants totaling $1,118,857. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi H Prentiss Committee Member | 1 | $0 | |
Mark Maland Committee Member | 1 | $0 | |
James A White Committee Member | 1 | $0 | |
First Citizens Bank Trustee | 10 | $23,706 | |
Diana Kirchman Committee Member | 1 | $0 | |
H P Williams Committee Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $54,150 |
| Interest on Savings | $1,870 |
| Dividends & Interest | $85,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $93,967 |
| Capital Gain Net Income | $93,967 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,626 |
| Total Revenue | $239,343 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,848 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,339 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,376 |
| Total operating and administrative expenses | $57,156 |
| Contributions, gifts, grants paid | $181,459 |
| Total expenses and disbursements | $238,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,052 |
| Savings and temporary cash investments | $32,713 |
| 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 | $3,462,219 |
| 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, Elizabeth City Foundation Committee has awarded $181,459 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
NC A&T UNIVERSITY PURPOSE: EDUCATIONAL | $4,150 |
APPALACHAIN STATE UNIVERSITY PURPOSE: EDUCATIONAL | $1,500 |
COMMUNITY CARE COLLABORATIVE PURPOSE: GENERAL PURPOSE | $11,000 |
WAKE FOREST UNIVERSITY PURPOSE: EDUCATIONAL | $21,979 |
THE SALVATION ARMY OF THE ALBEMARLE PURPOSE: GENERAL PURPOSE | $7,500 |
PORT DISCOVER PURPOSE: GENERAL PURPOSE | $2,500 |