M Haley Foundation Inc
- Assets
- $5.1m
- Revenue
- $234.4k
- Investments
- $5.0m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 12/1991
- Data as of
- 10/2023
- EIN
- 56-1720197
Organization Overview
M Haley Foundation Inc is located in Greensboro, NC. The organization was established in 1991. 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. M Haley 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 10/2023, M Haley Foundation Inc generated $234.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $312.6k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, M Haley Foundation Inc has awarded 276 individual grants totaling $4,930,116. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ONLY MAKES CONTRIBUTIONS TO PRESELECTED CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael W Haley President | 0 | $0 | |
Lynn C Haley Director | 0 | $0 | |
Elizabeth L Stanley Director | 0 | $0 | |
Leigh H Jones Director | 0 | $0 | |
Ozro D Covington Director | 0 | $0 | |
Bradley L Jacobs Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $64,908 |
| Dividends & Interest | $191,969 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$39,189 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $6,298 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,664 |
| Total Revenue | $234,352 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,282 |
| Depreciation | $0 |
| Occupancy | $3,728 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,241 |
| Total operating and administrative expenses | $28,369 |
| Contributions, gifts, grants paid | $284,200 |
| Total expenses and disbursements | $312,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,215 |
| 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 | $287,603 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,101,403 |
| 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, M Haley Foundation Inc has awarded $284,200 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ATRIUM HEALTH FOUNDATION PURPOSE: UNRESTRICTED | $3,000 |
AUTHORA CARE COLLECTIVE PURPOSE: UNRESTRICTED | $2,500 |
BACKPACK BEGINNINGS PURPOSE: UNRESTRICTED | $10,000 |
EASTERN MUSIC FESTIVAL PURPOSE: UNRESTRICTED | $8,000 |
GHS SCHOLARSHIP FUND PURPOSE: UNRESTRICTED | $500 |
JOSEPH M BRYAN FOUNDATION PURPOSE: UNRESTRICTED | $40,000 |