Bourne Foundation Inc
- Assets
- $408.3k
- Revenue
- $10.6k
- Investments
- $387.0k
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 56-2125412
Organization Overview
Bourne Foundation Inc is located in Charlotte, 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. Bourne 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, Bourne Foundation Inc generated $10.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $29.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bourne Foundation Inc has awarded 108 individual grants totaling $199,697. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Bourne Managing Trustee | 1 | $0 | |
Benjamin Bourne Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$144 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,079 |
| Total Revenue | $10,554 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $394 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,720 |
| Contributions, gifts, grants paid | $23,598 |
| Total expenses and disbursements | $29,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,939 |
| Savings and temporary cash investments | $19,320 |
| 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 | $8,346 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $408,271 |
| 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, Bourne Foundation Inc has awarded $23,598 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BLUMENTHAL PERFORMING ARTS PURPOSE: SUPPORTING CHARITABLE ACTIVITIES | $11,798 |
LONG LEAF ALLIANCE PURPOSE: SUPPORTING CHARITABLE ACTIVITIES | $1,500 |
HOSPICE OF LOWER CAPE FEAR PURPOSE: SUPPORTING CHARITABLE ACTIVITIES | $1,000 |
MAULI OLA FOUNDATION PURPOSE: SUPPORTING CHARITABLE ACTIVITIES | $2,500 |
SEARCH MINISTRIES PURPOSE: SUPPORTING CHARITABLE ACTIVITIES | $1,500 |
URBAN PROMISE PURPOSE: SUPPORTING CHARITABLE ACTIVITIES | $3,800 |