Maurice J Koury Foundation Inc
- Assets
- $8.5m
- Revenue
- $469.4k
- Investments
- $8.2m
- Employees
- 0
- Location
- Burlington, NC
- Founding
- 08/1992
- Data as of
- 09/2023
- EIN
- 56-1781568
Organization Overview
Maurice J Koury Foundation Inc is located in Burlington, 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. Maurice J Koury 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 09/2023, Maurice J Koury Foundation Inc generated $469.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $715.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Maurice J Koury Foundation Inc has awarded 64 individual grants totaling $18,830,566. 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 |
|---|---|---|---|
Ann Kirkpatrick Koury President/secretary | 1 | $0 | |
Miltom E Petty Treasurer/director | 4 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,260 |
| Dividends & Interest | $161,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $243,516 |
| Capital Gain Net Income | $243,516 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $57,293 |
| Total Revenue | $469,417 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,954 |
| Total operating and administrative expenses | $90,593 |
| Contributions, gifts, grants paid | $625,000 |
| Total expenses and disbursements | $715,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $246,693 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,474,496 |
| 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, Maurice J Koury Foundation Inc has awarded $625,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY BOYS & GIRLS CLUB PURPOSE: TO SUPPORT THE GENERAL FUND | $10,000 |
BLESSED SACRAMENT CHURCH PURPOSE: TO SUPPORT THE OPERATIONS OF THE CHURCH. | $100,000 |
CHRISTMAS CHEER OF ALAMANCE COUNTY PURPOSE: TO SUPPORT THE GENERAL FUND | $5,000 |
THE EDUCATIONAL FOUNDATION INC PURPOSE: TO FUND SCHOLARSHIPS AND THE MEDIA AND COMMUNICATIONS CENTER. | $350,000 |
BLESSED SACRAMENT SCHOOL PURPOSE: TO SUPPORT SCHOLARSHIPS AND THE OPERATIONS OF THE SCHOOL. | $100,000 |
ELON UNIVERSITY PURPOSE: TO SUPPORT THE GENERAL SCHOLARSHIP FUND | $60,000 |