Newkirk Charis Foundation
- Assets
- $959.5k
- Revenue
- $131.5k
- Investments
- $926.8k
- Employees
- 0
- Location
- Kernersville, NC
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-1581182
Organization Overview
Newkirk Charis Foundation is located in Kernersville, NC. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Newkirk Charis Foundation 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, Newkirk Charis Foundation generated $131.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $150.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Newkirk Charis Foundation has awarded 43 individual grants totaling $605,166. 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 |
|---|---|---|---|
B Wayne Newkirk Director/president | 4 | $0 | |
Kristin Whelan Director/vice President | 4 | $0 | |
Dawn N Morgan Director/secretary | 4 | $0 | |
Kelly Shawn Phillips Director/treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $61,343 |
| Interest on Savings | $328 |
| Dividends & Interest | $30,694 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,123 |
| Capital Gain Net Income | $39,123 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $131,488 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $504 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $35,750 |
| Contributions, gifts, grants paid | $115,000 |
| Total expenses and disbursements | $150,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,650 |
| 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 | $926,831 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $959,481 |
| 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, Newkirk Charis Foundation has awarded $115,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FREEDOM HOUSE PURPOSE: GENERAL FUND | $15,000 |
SAMARITAN'S PURSE PURPOSE: CHRISTIAN AID TO PEOPLE IN NEED | $10,000 |
TRIAD BAPTIST CHURCH PURPOSE: RELIGIOUS GENERAL FUND | $80,000 |
POPLAR GROVE BAPTIST CHURCH PURPOSE: GENERAL FUND | $10,000 |