R B Terry Charitable Foundation Inc
- Assets
- $197.5m
- Revenue
- $8.4m
- Investments
- $191.7m
- Employees
- 0
- Location
- High Point, NC
- Founding
- 01/1999
- Data as of
- 12/2023
- EIN
- 56-2066238
Organization Overview
R B Terry Charitable Foundation Inc is located in High Point, NC. The organization was established in 1999. 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. R B Terry Charitable 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 12/2023, R B Terry Charitable Foundation Inc generated $8.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $9.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, R B Terry Charitable Foundation Inc has awarded 35 individual grants totaling $83,665,000. 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 |
|---|---|---|---|
Arch K Schoch IV President/director | 0.5 | $40,000 | |
Charles L Odom Treas./asst. Sec/director | 0.5 | $10,000 | |
Oscar Fletcher Vp/secretary/director | 0.5 | $40,000 | |
Joe Lipe Committee Member | 0.5 | $8,000 | |
Parker Overton Committee Member | 0.5 | $8,000 | |
Sion A Boney III Vp/director | 0.5 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,725 |
| Dividends & Interest | $659,207 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,726,682 |
| Capital Gain Net Income | $7,726,682 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,914 |
| Total Revenue | $8,417,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $183,537 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $258,266 |
| Total operating and administrative expenses | $665,931 |
| Contributions, gifts, grants paid | $9,010,000 |
| Total expenses and disbursements | $9,675,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,595 |
| Savings and temporary cash investments | $5,737,316 |
| 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 | $184,703,770 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $35,020 |
| Total assets | $197,519,253 |
| Accounts payable and accrued expenses | $147,000 |
| 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 | $147,000 |
Grants Awarded
Over the last fiscal year, R B Terry Charitable Foundation Inc has awarded $9,010,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NC VETERINARY MEDICAL FOUNDATION PURPOSE: UNRESTRICTED SUPPORT TO PROMOTE EDUCATIONAL ACTIVITIES IN THE FIELD OF VETERINARY MEDICINE. | $4,500,000 |
SPCA OF THE TRIAD PURPOSE: UNRESTRICTED SUPPORT TO HELP RESCUE AND REHABILITATE ABUSED, NEGLECTED AND INJURED ANIMALS. | $10,000 |
WOODBERRY FOREST SCHOOL PURPOSE: UNRESTRICTED SUPPORT TO HELP FURTHER THE MISSION OF THE BOY'S SCHOOL. | $4,500,000 |