Raleigh Kiwanis Foundation Inc
- Assets
- $917.4k
- Revenue
- $65.2k
- Investments
- $873.8k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 07/1958
- Data as of
- 12/2022
- EIN
- 56-6045235
Organization Overview
Raleigh Kiwanis Foundation Inc is located in Raleigh, NC. The organization was established in 1958. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raleigh Kiwanis 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 12/2022, Raleigh Kiwanis Foundation Inc generated $65.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $65.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Raleigh Kiwanis Foundation Inc has awarded 180 individual grants totaling $337,665. 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 |
|---|---|---|---|
John Mcclain President / Board Member | 2 | $0 | |
June Small Vice President / Board Member | 0.5 | $0 | |
Amy Funderburk Secretary / Board Member | 0.5 | $0 | |
Brian Bennett Treasurer | 1 | $0 | |
George Ramsay Board Member | 0.5 | $0 | |
Marythrease Harrell Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,012 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$453 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,751 |
| Total Revenue | $65,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,538 |
| Total operating and administrative expenses | $13,180 |
| Contributions, gifts, grants paid | $52,200 |
| Total expenses and disbursements | $65,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,638 |
| 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 | $873,782 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $917,420 |
| 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, Raleigh Kiwanis Foundation Inc has awarded $52,200 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AUTISM SOCIETY OF NC PURPOSE: IMPROVE THE LIVES OF CHILDREN WITH AUTISM | $1,000 |
BOYS & GIRLS CLUB PURPOSE: PROVIDE ACCESS FOR CHILDREN 6-18 YEARS OLD TO PROGRAMS TO REACH THEIR FULL POTENTIAL | $2,500 |
BIG BROTHERS AND BIG SISTERS OF THE TRIANGLE PURPOSE: PROVIDE MENTORS TO DISADVANTAGED YOUTH | $2,500 |
COMMUNITY MUSIC SCHOOL PURPOSE: PROVIDE AFFORDABLE MUSIC LESSONS AND ENSEMBLE OPPORTUNITIES TO CHILDREN FROM LOW-INCOME FAMILIES | $2,700 |
CORRAL RIDING ACADEMY PURPOSE: PREPARES ADOLESCENT GIRLS IN HIGH-RISK SITUATIONS WITH SKILLS, RESOURCES, AND OPPORTUNITIES SO THEY CAN GAIN ACCESS TO BRIGHT FUTURES THROUGH A LONG-TERM, HOLISTIC PROGRAM OF EQUINE THERAPY AND EDUCATION | $1,000 |
HOPE REINS PURPOSE: TO PAIR KIDS IN CRISIS WITH RESCUED HORSES AND MENTORS TO FIND HOPE AND HEALING. | $4,000 |