Circle Of Sisterhood Foundation Inc
- Assets
- $318.7k
- Revenue
- $397.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Belmont, NC
- Founding
- 09/2010
- Data as of
- 06/2024
- EIN
- 27-2393582
Organization Overview
Circle Of Sisterhood Foundation Inc is located in Belmont, NC. The organization was established in 2010. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2024, Circle Of Sisterhood Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle Of Sisterhood 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 06/2024, Circle Of Sisterhood Foundation Inc generated $397.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $442.7k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Circle Of Sisterhood Foundation Inc has awarded 71 individual grants totaling $1,368,105. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
UPLIFTING GIRLS AND WOMEN FROM POVERTY AND OPPRESSION THROUGH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS - COFS IS A GRANTING FOUNDATION. COFS ACCEPTS APPLICATIONS FOR GRANT DOLLARS EACH YEAR IN MARCH. IN FY2023-2024, $120,000 WAS GRANTED TO TWELVE ORGANIZATIONS WORKING IN EIGHT COUNTRIES TO REMOVE BARRIERS TO EDUCATION FOR GIRLS AND WOMEN. THROUGH A DETAILED VETTING PROCESS, FINALISTS ARE AWARDED GRANTS OF $10,000 USD.
SCHOOL BUILD - THROUGH A SCHOOL BUILD PROGRAM, COFS WORKS WITH AN IMPLEMENTING PARTNER TO FUND THE CONSTRUCTION OF SCHOOLS FOR COMMUNITIES IN NEED OF A STRUCTURE CONDUCIVE TO LEARNING. SINCE 2013, OVER 40 SCHOOLS HAVE BEEN CONSTRUCTED IN SEVEN COUNTRIES - GUATEMALA, HAITI, MALAWI, MALI, NEPAL, NICARAGUA, AND SENEGAL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Carroll Executive Director | Officer | 40 | $96,583 |
Susan Markham Chair | OfficerTrustee | 4 | $0 |
Nicole Hughes Vice Chair | OfficerTrustee | 4 | $0 |
Nicki Meneley Treasurer | OfficerTrustee | 2 | $0 |
Hannah Seoh Secretary | OfficerTrustee | 2 | $0 |
April Adams Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $387,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $387,603 |
| Total Program Service Revenue | $0 |
| Investment income | $9,793 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $84 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $184,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,327 |
| Compensation of current officers, directors, key employees. | $30,501 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,365 |
| Pension plan accruals and contributions | $1,301 |
| Other employee benefits | $428 |
| Payroll taxes | $10,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,250 |
| Fees for services: Accounting | $12,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,016 |
| Advertising and promotion | $6,700 |
| Office expenses | $27,629 |
| Information technology | $2,594 |
| Royalties | $0 |
| Occupancy | $240 |
| Travel | $18,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $514 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $651 |
| Insurance | $1,329 |
| All other expenses | $0 |
| Total functional expenses | $442,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,797 |
| Savings and temporary cash investments | $201,782 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,820 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,302 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $318,701 |
| Accounts payable and accrued expenses | $18,943 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $135,976 |
| Total liabilities | $154,919 |
| Net assets without donor restrictions | $45,986 |
| Net assets with donor restrictions | $117,796 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $318,701 |
Grants Awarded
Over the last fiscal year, Circle Of Sisterhood Foundation Inc has awarded $184,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL ASIA INSTITUTE PURPOSE: FUND THE ESTABLISHMENT AND OPERATION OF FOUR COMMUNITY-BASED EDUCATIONAL (CBE) CENTERS/CLASSROOMS FOR APPROXIMATELY 120 CHILDREN, PRIMARILY GIRLS, FROM NORTHERN AFGHANISTAN WHO ARE CURRENTLY OUT OF SCHOOL | $10,000 |
BUILDON INC PURPOSE: THESE ARE AMOUNTS PAID TO BUILDON FOR THE CONSTRUCTION OF SCHOOLS. | $64,000 |
ENGAGE GLOBALLY PURPOSE: SUPPORT CONSTRUCTION OF A VOCATIONAL TRAINING CENTER AND THE ESTABLISHMENT FOUR, WOMEN-OWNED SMALL BUSINESSES TO PROVIDE EDUCATIONAL AND VOCATIONAL TRAINING FOR TWENTY GIRLS AGES 12-15 WITH THE GOAL OF CREATING LOCAL ECONOMIC OPPORTUNITIES THAT REDUCE CHILD MARRIAGE AND RISKY URBAN MIGRATION | $10,000 |
FRIENDS OF TILONIA INC PURPOSE: SUPPORT 260 GIRLS AGED 6-18 FROM RURAL, MARGINALIZED COMMUNITIES AT THE KALIYACHAK GIRLS' LEARNING CENTRE, EMPOWERING THEM THROUGH EDUCATION, VOCATIONAL TRAINING AND OPPORTUNITIES FOR ARTISAN ENTERPRISES/EMPLOYMENT | $10,000 |
HER FUTURE COALITION PURPOSE: PROVIDE SIX MONTHS OF VOCATIONAL EDUCATION AND HOLISTIC SUPPORT SERVICES TO 50 SURVIVORS OF SEXUAL AND GENDER-BASED VIOLENCE AND HIGH-RISK WOMEN AND GIRLS | $10,000 |
CANADIAN HUMANITARIAN ORGANIZATION FOR INTERNATIONAL RELIEF PURPOSE: SUPPORT A CHILD CENTERED NETWORK CENTER WHERE 26 GIRLS WILL RECEIVE ACADEMIC SUPPORT (TUITION, UNIFORMS, SUPPLIES) AND HAVE THEIR MOST VITAL NEEDS MET (MEDICAL, DENTAL, MENTAL HEALTH SUPPORT, COUNSELING SUPPORT, MEALS) BREAKING THE CYCLE OF POVERTY FOR GIRLS, THEIR FAMILIES, AND THEIR COMMUNITIES AND OPENING THE PATH FOR SAFER AND MORE GENDER-EQUAL COMMUNITIES | $10,000 |