Whitener Foundation
- Assets
- $2.9m
- Revenue
- $95.2k
- Investments
- $2.0m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 11/1973
- Data as of
- 12/2023
- EIN
- 52-1467548
Organization Overview
Whitener Foundation is located in Greensboro, NC. The organization was established in 1973. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Whitener 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, Whitener Foundation generated $95.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $199.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Whitener Foundation has awarded 242 individual grants totaling $628,500. 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 |
|---|---|---|---|
Edgar Whitener Pres/dir | 0 | $0 | |
Marshall Pittman Vp/director | 0 | $0 | |
Kathy Hardee Secretary | 0 | $17,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,213 |
| Dividends & Interest | $36,444 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,725 |
| Capital Gain Net Income | $1,038 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,797 |
| Total Revenue | $95,179 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,520 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,340 |
| Interest | $0 |
| Taxes | $605 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,221 |
| Printing and publications | $0 |
| Other expenses | $52,583 |
| Total operating and administrative expenses | $85,011 |
| Contributions, gifts, grants paid | $114,000 |
| Total expenses and disbursements | $199,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,825 |
| Savings and temporary cash investments | $13,602 |
| 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 | $800,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $827,153 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,896,845 |
| 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 | $1,766 |
| Total liabilities | $1,766 |
Grants Awarded
Over the last fiscal year, Whitener Foundation has awarded $114,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
CALDWELL ARTS COUNCIL PURPOSE: FOR CHARITABLE PURPOSE | $1,000 |
DUNCAN BAPTIST CHURCH PURPOSE: FOR CHARITABLE PURPOSE | $10,500 |
ROBIN'S NEST PURPOSE: FOR CHARITABLE PURPOSE | $1,500 |
WATERLIFE CHURCH PURPOSE: FOR CHARITABLE PURPOSE | $10,000 |
JUVENILE DIABETES RESEARCH FD PURPOSE: ORGANIZATIONS PURPOSE | $2,500 |
CALDWELL PEOPLE PURPOSE: TO PROVIDE FUNDING FOR CHARITY | $1,000 |