Boyles-Eidson Family Foundation
- Assets
- $512.4k
- Revenue
- $27.0k
- Investments
- $510.4k
- Employees
- 0
- Location
- Elkin, NC
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 56-2088318
Organization Overview
Boyles-Eidson Family Foundation is located in Elkin, NC. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Boyles-Eidson Family 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, Boyles-Eidson Family Foundation generated $27.0k 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 (3.9%) each year. All expenses for the organization totaled $59.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Boyles-Eidson Family Foundation has awarded 154 individual grants totaling $485,117. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISBURSED A TOTAL OF $57,000 TO 16 ORGANIZATIONS FOR EDUCATIONAL, MEDICAL OR OTHER CHARITABLE USES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred G Eidson Secretary & Treasurer | 1 | $0 | |
Amy E Tayloe President | 1 | $0 | |
Jeffrey C Eidson Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $33,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,934 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,022 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $453 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $83 |
| Total operating and administrative expenses | $2,148 |
| Contributions, gifts, grants paid | $57,000 |
| Total expenses and disbursements | $59,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,947 |
| Savings and temporary cash investments | $0 |
| 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 | $512,384 |
| 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, Boyles-Eidson Family Foundation has awarded $57,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: MEDICAL RESEARCH | $1,500 |
CHILDREN'S CENTER OF SURRY INC PURPOSE: CHARITABLE | $2,000 |
ECHO MINISTRY INC - THE ARK PURPOSE: RELIGIOUS | $10,000 |
ELKIN RESCUE SQUAD PURPOSE: CHARITABLE | $500 |
ELKIN VALLEY TRAILS ASSOCIATION PURPOSE: ENVIROMENTAL | $1,000 |
GRACE CLINIC PURPOSE: CHARITABLE | $10,000 |