The Cemala Foundation Inc
- Assets
- $0.0
- Revenue
- $1.5m
- Investments
- $35.2m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 04/1987
- Data as of
- 12/2020
- EIN
- 56-1528982
Organization Overview
The Cemala Foundation Inc is located in Greensboro, NC. The organization was established in 1987. 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. Cemala 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 12/2020, Cemala Foundation Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cemala Foundation Inc has awarded 155 individual grants totaling $7,563,602. 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 |
|---|---|---|---|
Susan Schwartz Executive Director | 45 | $178,700 | |
Melissa Burroughs Asst Secretary/treasurer | 40 | $90,630 | |
Ashley E Cone Board Chair | 4 | $0 | |
Lulu Priddy Director | 2 | $0 | |
Matthew D Richmond Director | 2 | $0 | |
Merritt C Richmond Vice Chair | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $679,264 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,526,046 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $251,484 |
| Pension plans, employee benefits | $57,872 |
| Depreciation | $5,960 |
| Occupancy | $28,396 |
| Travel, conferences, and meetings | $9,009 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $562,407 |
| Contributions, gifts, grants paid | $1,800,462 |
| Total expenses and disbursements | $2,362,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,021 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Cemala Foundation Inc has awarded $3,643,248 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $698,668 |
Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $377,446 |
Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $306,500 |
UNC GREENSBORO PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |
Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $238,500 |
UNC GREENSBORO PURPOSE: GENERAL OPERATING SUPPORT | $143,420 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Cemala Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
The Joseph M Bryan Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: EARLY CHILDHOOD DEVELOPMENT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |