Circle Of Sisterhood Foundation Inc
- Assets
- $352.5k
- Revenue
- $411.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Belmont, NC
- Founding
- 09/2010
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Circle Of Sisterhood Foundation Inc generated $411.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $473.0k during the year ending 06/2022. While expenses have increased by 6.2% per year over the past 7 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 2016, Circle Of Sisterhood Foundation Inc has awarded 46 individual grants totaling $1,010,105. 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
2022
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
GRANT AWARDS - COFS IS A GRANTMAKING ORGANIZATION THAT ACCEPTS APPLICATIONS FOR FUNDING FROM ORGANIZATIONS WORKING ON THE GROUND AROUND THE WORLD TO REMOVE BARRIERS TO EDUCATION FOR GIRLS AND WOMEN.
SCHOOL BUILDS - IN 2013, COFS BEGAN A SCHOOL BUILD PROGRAM TO COMPLEMENT THE OTHER WAYS WE HELP GIRLS AND WOMEN ACCESS EDUCATION. OUR DONORS FUND THE CONSTRUCTION OF A STRUCTURE CONDUCIVE TO LEARNING FOR GENERATIONS AND EXPECT THAT AS MANY GIRLS AS BOYS ATTEND THESE SCHOOLS. SINCE THE START OF THE PROGRAM, COFS DONORS HAVE FUNDED THE CONSTRUCTION OF OVER 40 SCHOOLS IN REMOTE VILLAGES IN SEVEN COUNTRIES (GUATEMALA, HAITI, MALAWI, MALI, NEPAL, NICARAGUA, AND SENEGAL).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Carroll Executive Director | Officer | 32 | $92,740 |
Nicki Meneley Treasurer | OfficerTrustee | 2 | $0 |
Angela Taylor Vice Chair | OfficerTrustee | 4 | $0 |
Michelle Shimberg Chair | OfficerTrustee | 4 | $0 |
Elizabeth Lynn Stathos Secretary | Officer | 4 | $0 |
Hannah Seoh 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 | $409,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $409,957 |
| Total Program Service Revenue | $0 |
| Investment income | $187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $411,195 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $242,000 |
| 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. | $92,740 |
| Compensation of current officers, directors, key employees. | $23,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,948 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,173 |
| Payroll taxes | $8,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,495 |
| Advertising and promotion | $10,494 |
| Office expenses | $21,689 |
| Information technology | $3,059 |
| Royalties | $0 |
| Occupancy | $240 |
| Travel | $8,214 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,291 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,033 |
| Insurance | $1,255 |
| All other expenses | $0 |
| Total functional expenses | $472,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,525 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,979 |
| 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 | $822 |
| Net Land, buildings, and equipment | $1,183 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $352,509 |
| Accounts payable and accrued expenses | $14,455 |
| Grants payable | $0 |
| Deferred revenue | $72,000 |
| 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 | $24,201 |
| Total liabilities | $110,656 |
| Net assets without donor restrictions | $177,974 |
| Net assets with donor restrictions | $63,879 |
| 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 | $352,509 |
Grants Awarded
Over the last fiscal year, Circle Of Sisterhood Foundation Inc has awarded $242,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BUILDON INC PURPOSE: THESE ARE AMOUNTS PAID TO BUILDON FOR THE CONSTRUCTION OF SCHOOLS. | $132,000 |
Newtonville, MA PURPOSE: REMOVE BARRIERS TO EDUCATION FOR GIRLS AND WOMEN. | $10,000 |
Cincinnati, OH PURPOSE: REMOVE BARRIERS TO EDUCATION FOR GIRLS AND WOMEN. | $10,000 |
Durham, NC PURPOSE: REMOVE BARRIERS TO EDUCATION FOR GIRLS AND WOMEN. | $10,000 |
Newton, MA PURPOSE: REMOVE BARRIERS TO EDUCATION FOR GIRLS AND WOMEN. | $10,000 |
Goleta, CA PURPOSE: REMOVE BARRIERS TO EDUCATION FOR GIRLS AND WOMEN. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Circle Of Sisterhood Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Little Flower Foundation Wilmington, DE PURPOSE: DONATION FOR SMU SCHOOL BUILD | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graduate Management Admission Council Reston, VA | $230,212,828 | $77,127,681 |
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
Pencil Foundation Nashville, TN | $3,991,693 | $7,143,023 |
Edreports Org Inc Durham, NC | $5,799,627 | $6,182,160 |