Allendale Foundation
- Assets
- $691.4k
- Revenue
- $49.2k
- Investments
- $670.1k
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 05/1992
- Data as of
- 12/2022
- EIN
- 56-1757536
Organization Overview
Allendale Foundation is located in Greensboro, NC. The organization was established in 1992. 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. Allendale 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 12/2022, Allendale Foundation generated $49.2k in total revenue. All expenses for the organization totaled $58.9k during the year ending 12/2022.
Since 2015, Allendale Foundation has awarded 99 individual grants totaling $636,380. 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 |
|---|---|---|---|
Everette E Mills III President | 4 | $0 | |
Madeline J Mills Secretary | 4 | $0 | |
William E Mills Director | 2 | $0 | |
Clarence Mills Deaton Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,284 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,936 |
| Capital Gain Net Income | $38,936 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $972 |
| Total Revenue | $49,192 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,850 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $8,820 |
| Contributions, gifts, grants paid | $50,100 |
| Total expenses and disbursements | $58,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,370 |
| Savings and temporary cash investments | $8,909 |
| 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 | $670,086 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $691,365 |
| 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, Allendale Foundation has awarded $50,100 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BACKPACK BEGINNINGS PURPOSE: UNRESTRICTED | $500 |
CHARLOTTE COUNTRY DAY SCHOOL PURPOSE: UNRESTRICTED | $2,500 |
AUTHORACARE PURPOSE: UNRESTRICTED | $600 |
CHILDRENS HOME SOCIETY PURPOSE: UNRESTRICTED | $1,000 |
CONE HEALTH PURPOSE: UNRESTRICTED | $2,000 |
GREENSBORO URBAN MINISTRY PURPOSE: UNRESTRICTED | $1,500 |