Minor Foundation Inc
- Assets
- $74.9k
- Revenue
- $5.4k
- Investments
- $70.6k
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 03/1955
- Data as of
- 09/2022
- EIN
- 56-6047752
Organization Overview
Minor Foundation Inc is located in Charlotte, NC. The organization was established in 1955. 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. Minor 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 09/2022, Minor Foundation Inc generated $5.4k in total revenue. All expenses for the organization totaled $7.9k during the year ending 09/2022. While expenses have increased by 1.9% per year over the past 2 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $2,067 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,319 |
| Capital Gain Net Income | $1,027 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,394 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67 |
| Total operating and administrative expenses | $2,758 |
| Contributions, gifts, grants paid | $5,175 |
| Total expenses and disbursements | $7,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,293 |
| 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 | $74,920 |
| Accounts payable and accrued expenses | $293 |
| 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 | $10,416 |
| Total liabilities | $10,709 |
Grants Awarded
Over the last fiscal year, Minor Foundation Inc has awarded $5,175 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LIFE CONNECTION OF THE CAROLINAS PURPOSE: COMMUNITY | $5,000 |
LIFE CONNECTION OF THE CAROLINAS PURPOSE: COMMUNITY | $175 |