Selembo Foundation
- Assets
- $341.9k
- Revenue
- $16.3k
- Investments
- $310.4k
- Employees
- 0
- Location
- Matthews, NC
- Founding
- 07/2014
- Data as of
- 11/2021
- EIN
- 46-4323937
Organization Overview
Selembo Foundation is located in Matthews, NC. The organization was established in 2014. According to its NTEE Classification (X01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Selembo 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 11/2021, Selembo Foundation generated $16.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $25.2k during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Selembo Foundation has awarded 36 individual grants totaling $113,295. 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 |
|---|---|---|---|
George Selembo President | 1 | $0 | |
Priscilla Selembo Vice Preside | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $3,656 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,601 |
| Capital Gain Net Income | $12,601 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $124 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,299 |
| Total operating and administrative expenses | $14,423 |
| Contributions, gifts, grants paid | $10,795 |
| Total expenses and disbursements | $25,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,796 |
| Savings and temporary cash investments | $26,699 |
| 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 | $341,907 |
| 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, Selembo Foundation has awarded $10,795 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Greensburg, PA PURPOSE: ENRICHMENT PROGRAMS | $5,000 |
PENN STATE PURPOSE: GENERAL FUND | $2,000 |
METROLINA REGIONAL PURPOSE: GENERAL FUND | $1,285 |
Charlotte, NC PURPOSE: HAITI SCHOLARSHIP | $960 |
Spartanburg, SC PURPOSE: GENERAL FUND | $500 |
LAFAYETTE COLLEGE ENFINEERING PURPOSE: GENERAL FUND | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Religious Community Services Of New Bern Inc New Bern, NC | $2,350,100 | $1,739,114 |
Met By Love Ministries Inc Pisgah Forest, NC | $204,972 | $914,478 |
Jewish Awareness Ministries Angier, NC | $1,226,828 | $478,417 |
Christian Coalition Charleston, SC | $131,109 | $477,791 |
Norfolk Area Community Kollel Norfolk, VA | $260,604 | $574,635 |
Cornwall Alliance For The Stewship Of Creation Collierville, TN | $157,045 | $351,913 |
Lantern Foundation Asheboro, NC | $185,303 | $419,034 |
Called To Peace Ministries Inc Wake Forest, NC | $202,619 | $298,353 |
Bethesda Recovery Inc Waycross, GA | $1,260,794 | $214,482 |
Aiken Africa International Mission Aiken, SC | $151,071 | $233,160 |
Carolina Jews For Justice Durham, NC | $119,094 | $154,561 |
Center For Christian Action Inc Pocahontas, VA | $96,710 | $0 |