Sears Family Foundation Inc
- Assets
- $848.7k
- Revenue
- $627.4k
- Investments
- $382.0k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-1589867
Organization Overview
Sears Family Foundation Inc is located in Raleigh, NC. The organization was established in 2009. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Sears Family Foundation 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 12/2021, Sears Family Foundation Inc generated $627.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 71.0% each year . All expenses for the organization totaled $164.5k during the year ending 12/2021. While expenses have increased by 30.6% per year over the past 5 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.
Since 2018, Sears Family Foundation Inc has awarded 68 individual grants totaling $303,300. 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 |
|---|---|---|---|
Lynn H Sears President | 0 | $0 | |
Casie S Kerr Secretary | 0 | $0 | |
James R Sears Vice Preside | 0 | $0 | |
J Ryan Sears Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550,000 |
| Interest on Savings | $7 |
| Dividends & Interest | $15,996 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,405 |
| Capital Gain Net Income | $61,405 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $627,408 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,031 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,469 |
| Contributions, gifts, grants paid | $161,000 |
| Total expenses and disbursements | $164,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $465,969 |
| 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 | $670 |
| Total assets | $848,650 |
| 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, Sears Family Foundation Inc has awarded $161,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BLOOMHERE PURPOSE: GENERAL OPERATIONS | $30,000 |
Raleigh, NC PURPOSE: GENERAL OPERATIONS | $27,500 |
Bakersville, NC PURPOSE: GENERAL OPERATIONS | $12,500 |
Raleigh, NC PURPOSE: GENERAL OPERATIONS | $12,500 |
Raleigh, NC PURPOSE: GENERAL OPERATIONS | $10,000 |
ASPIRE PURPOSE: GENERAL DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lettie Pate Whitehead Foundation Inc Atlanta, GA | $545,577,272 | $201,098,940 |
Claude Moore Charitable Foundation Fairfax, VA | $240,670,570 | $26,185,543 |
South Carolina Automobile Dealers Trust Columbia, SC | $615,773 | $12,853,378 |
Community Anti-Drug Coalitions Of America Alexandria, VA | $15,283,034 | $14,789,686 |
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
James W And Frances Gibson Mcglothlin Foundation Bristol, VA | $55,479,136 | $5,807,937 |
John Rex Endowment Raleigh, NC | $72,005,406 | $10,264,844 |
Blake Family Foundation Inc Atlanta, GA | $54,641,915 | $13,537,530 |
St Marys United Methodist Church Foundation Inc Saint Marys, GA | $38,808,441 | $1,300,375 |
Nagrodsky Family Foundation Charleston, SC | $7,938,380 | $247,514 |
R Harold And Patsy Harrison Foundation Inc Brookhaven, GA | $31,730,871 | $2,128,634 |
National Association Of Chapter 13 Trustees Columbia, SC | $849,459 | $1,212,204 |