Hurley-Trammell Foundation
- Assets
- $1.4m
- Revenue
- $479.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Salisbury, NC
- Founding
- 02/1988
- Data as of
- 12/2023
- EIN
- 56-1576470
Organization Overview
Hurley-Trammell Foundation is located in Salisbury, NC. The organization was established in 1988. 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. Hurley-Trammell 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, Hurley-Trammell Foundation generated $479.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 45.7% each year . All expenses for the organization totaled $160.6k during the year ending 12/2023. While expenses have increased by 0.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hurley-Trammell Foundation has awarded 223 individual grants totaling $2,718,217. 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 |
|---|---|---|---|
Geraldine T Hurley Chairman | 0 | $0 | |
Linda Alexander Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $63,392 |
| Interest on Savings | $21 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $415,722 |
| Capital Gain Net Income | $415,722 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $479,135 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,927 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $79 |
| Total operating and administrative expenses | $10,606 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $160,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,364,293 |
| 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 | $3,800 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,368,093 |
| 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, Hurley-Trammell Foundation has awarded $150,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
WINTHROP UNIVERSITY FOUNDATION PURPOSE: EDUCATION | $15,000 |
HOLLINS UNIVERSITY PURPOSE: EDUCATION | $7,000 |
CATAWBA COLLEGE PURPOSE: EDUCATION | $15,000 |
HISTORIC SALISBURY FOUNDATION PURPOSE: HISTORIC SOCIETY | $1,000 |
BULL HOLE PURPOSE: NATURE PARK | $25,000 |
COMMUNITY CARE CLINIC OF ROWAN PURPOSE: MEDICAL CARE | $1,000 |