Sears Family Foundation Inc
- Assets
- $721.7k
- Revenue
- $58.0k
- Investments
- $698.4k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 02/2009
- Data as of
- 12/2022
- 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 12/2022, Sears Family Foundation Inc generated $58.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $184.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sears Family Foundation Inc has awarded 58 individual grants totaling $437,300. 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 | |
James R Sears Vice Preside | 0 | $0 | |
Casie S Kerr Secretary | 0 | $0 | |
J Ryan Sears Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22 |
| Dividends & Interest | $21,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,777 |
| Capital Gain Net Income | $36,777 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,453 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2 |
| Total operating and administrative expenses | $3,889 |
| Contributions, gifts, grants paid | $181,000 |
| Total expenses and disbursements | $184,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,204 |
| 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 | $1,087 |
| Total assets | $721,711 |
| 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 $181,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB PURPOSE: GENERAL OPERATIONS | $5,000 |
CECILIA RAWLINS FUND PURPOSE: GENERAL OPERATIONS | $11,000 |
OAK CITY CARES PURPOSE: GENERAL OPERATIONS | $3,000 |
WOMEN THAT CARE INC PURPOSE: GENERAL OPERATIONS | $1,000 |
CASA PURPOSE: KINGS RIDGE | $158,500 |
FOOD BANK OF EASTERN NC PURPOSE: GENERAL OPERATIONS | $2,500 |