John Rex Endowment
- Assets
- $72.0m
- Revenue
- $10.3m
- Investments
- $70.3m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 31-1678223
Organization Overview
John Rex Endowment is located in Raleigh, NC. The organization was established in 1999. 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. John Rex Endowment 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, John Rex Endowment generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, John Rex Endowment has awarded 459 individual grants totaling $40,673,568. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kellan Moore President/ceo | 40 | $212,291 | |
Sabrina Slade Social Innovation Di | 40 | $118,179 | |
Gladys A Hairston Dir. Of Learning, Re | 40 | $104,759 | |
Mcallister R Myrha Dir. Of Operations | 40 | $103,248 | |
Susan Smith CFO | 20 | $102,213 | |
Latasha Bennett Vice-Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,174,684 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,090,160 |
| Capital Gain Net Income | $7,091,261 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,264,844 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $212,291 |
| Other employee salaries and wages | $501,671 |
| Pension plans, employee benefits | $174,289 |
| Interest | $27,200 |
| Taxes | $257,910 |
| Depreciation | $44,254 |
| Occupancy | $4,097 |
| Travel, conferences, and meetings | $11,739 |
| Printing and publications | $366 |
| Other expenses | $61,807 |
| Total operating and administrative expenses | $1,625,676 |
| Contributions, gifts, grants paid | $2,396,157 |
| Total expenses and disbursements | $4,021,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $141,145 |
| Net Accounts receivable | $33,552 |
| 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 | $1,522,555 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,988 |
| Total assets | $72,005,406 |
| Accounts payable and accrued expenses | $242,880 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $446,074 |
| Other liabilities | $253,000 |
| Total liabilities | $941,954 |
Grants Awarded
Over the last fiscal year, John Rex Endowment has awarded $5,740,782 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: THE KALEIDOSCOPE PROJECT EXPANSION REQUEST | $1,927,433 |
WAKEMED HEALTH & HOSPITALS PURPOSE: WAKEMED PEDIATRICS LAUNCH+ | $278,575 |
Raleigh, NC PURPOSE: THE KALEIDOSCOPE PROJECT | $246,435 |
HAVEN HOUSE SERVICES PURPOSE: JUVENILE JUSTICE AND BEHAVIORAL HEALTH TRANSFORMATION IMPLEMENTATION | $215,610 |
EDUCATION JUSTICE ALLIANCE PURPOSE: BUILDING WITH BLACK AND BROWN FAMILIES TO CREATE CULTURALLY AFFIRMING LEARNING ENVIRONMENTS | $200,000 |
RWA CENTER PURPOSE: PROJECT S.O.S. - STRENGTHEN, OPTIMIZE, SCALE/RE-RAISING A NATION. RESTORING A VILLAGE. | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
John Dustin Buckman Charitable Trust Memphis, TN | $21,180,469 | $1,024,757 |