C3 Foundation Inc
- Assets
- $7.1m
- Revenue
- $125.7k
- Investments
- $6.8m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 07/2009
- Data as of
- 12/2023
- EIN
- 26-2511733
Organization Overview
C3 Foundation Inc is located in Raleigh, NC. The organization was established in 2009. 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. C3 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 12/2023, C3 Foundation Inc generated $125.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (41.3%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, C3 Foundation Inc has awarded 29 individual grants totaling $5,522,712. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVALUATED AND APPROVED GRANTS TO ST DAVIDS SCHOOL, AN INDEPENDENT EPISCOPAL SCHOOL LOCATED IN RALEIGH NC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa R Poole President | 0.5 | $0 | |
Lonnie C Poole III Vice President | 0.5 | $0 | |
Nancy Hall Trustee | 0.5 | $0 | |
Chelsea Poole Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $183 |
| Dividends & Interest | $133,188 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,690 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $125,681 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,808 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,535 |
| Total operating and administrative expenses | $52,343 |
| Contributions, gifts, grants paid | $1,863,400 |
| Total expenses and disbursements | $1,915,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,554 |
| 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 | $7,133,269 |
| 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, C3 Foundation Inc has awarded $1,863,400 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MEREDITH COLLEGE PURPOSE: CHARITABLE | $1,000,000 |
NORTH CAROLINA ZOO PURPOSE: CHARITABLE | $200,000 |
SPECTRUM THEATRE ENSEMBLE PURPOSE: CHARITABLE | $65,400 |
ST DAVID'S SCHOOL PURPOSE: CHARITABLE | $250,000 |
REDBUD WRITING PROJECT PURPOSE: CHARITABLE | $8,000 |
YMCA PURPOSE: CHARITABLE | $25,000 |