George Andreve Foundation
- Assets
- $745.9k
- Revenue
- $24.4k
- Investments
- $718.3k
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 26-0846259
Organization Overview
George Andreve Foundation is located in Greensboro, NC. The organization was established in 2008. According to its NTEE Classification (M12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Andreve 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 12/2023, George Andreve Foundation generated $24.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $49.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George Andreve Foundation has awarded 139 individual grants totaling $316,293. 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 |
|---|---|---|---|
Robert Davis Director | 0 | $6,000 | |
Kathy Davis Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,463 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,931 |
| Capital Gain Net Income | $608 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,394 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $614 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,385 |
| Total operating and administrative expenses | $19,995 |
| Contributions, gifts, grants paid | $29,324 |
| Total expenses and disbursements | $49,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,741 |
| Savings and temporary cash investments | $25,866 |
| 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 | $745,923 |
| 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, George Andreve Foundation has awarded $29,324 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
THE BARBANAS NETWORK PURPOSE: NONPROFIT FURNITURE BANK | $4,674 |
CAROLINA SUNSHINE ALPACA FARM PURPOSE: ALPACA | $40 |
FAMILY ROOM PURPOSE: FURNITURE & CLOTHING FOSTER CHILDREN | $300 |
FERAL CAT RESCUE CARE PURPOSE: ANIMAL CARE | $2,000 |
GREENSBORO CHILDREN'S MUSEUM PURPOSE: OUTDOOR GARDEN | $343 |
GREENSBORO DAY SCHOOL PURPOSE: PERMACULTURE GARDEN | $5,975 |