Cape Fear Memorial Foundation
- Assets
- $74.8m
- Revenue
- $4.8m
- Investments
- $74.3m
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 07/1996
- Data as of
- 06/2021
- EIN
- 56-1974747
Organization Overview
Cape Fear Memorial Foundation is located in Wilmington, NC. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Cape Fear Memorial 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 06/2021, Cape Fear Memorial Foundation generated $4.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $3.7m during the year ending 06/2021. While expenses have increased by 4.8% per year over the past 6 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 2015, Cape Fear Memorial Foundation has awarded 470 individual grants totaling $21,117,400. 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 |
|---|---|---|---|
Anna Erwin President/treasurer | 40 | $141,417 | |
Garry Garris Chairman | 1 | $30,000 | |
William H Cameron Board Member | 1 | $0 | |
Robert F Warwick Board Member | 1 | $0 | |
James D Hundley MD Vice Chairman | 1 | $0 | |
Agnes R Beane Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,000 |
| Interest on Savings | $219 |
| Dividends & Interest | $1,046,442 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,648,187 |
| Capital Gain Net Income | $3,648,187 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,356 |
| Total Revenue | $4,761,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $141,417 |
| Other employee salaries and wages | $85,463 |
| Pension plans, employee benefits | $14,797 |
| Interest | $0 |
| Taxes | $62,377 |
| Depreciation | $2,347 |
| Occupancy | $59,766 |
| Travel, conferences, and meetings | $831 |
| Printing and publications | $0 |
| Other expenses | $46,460 |
| Total operating and administrative expenses | $595,857 |
| Contributions, gifts, grants paid | $3,152,500 |
| Total expenses and disbursements | $3,748,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $342,775 |
| Savings and temporary cash investments | $126,472 |
| 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 | $478,054 |
| Net Land, buildings, and equipment | $3,008 |
| Other assets | $0 |
| Total assets | $74,803,897 |
| Accounts payable and accrued expenses | $24,213 |
| Grants payable | $1,015,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $75,000 |
| Total liabilities | $1,114,213 |
Grants Awarded
Over the last fiscal year, Cape Fear Memorial Foundation has awarded $3,529,500 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA AT WILMINGTON PURPOSE: CAPITAL CAMPAIGN | $250,000 |
Wilmington, NC PURPOSE: GENERAL OPERATING SUPPORT | $220,000 |
SALVATION ARMY PURPOSE: CAPITAL CAMPAIGN | $150,000 |
Wilmington, NC PURPOSE: PHARMACY SERVICES SUPPORT | $110,000 |
Southport, NC PURPOSE: SALARY SUPPORT | $100,000 |
Wilmington, NC PURPOSE: CAROUSEL CENTER - CHILD ADVOCACY CENTER | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |