Elias S Faison Foun
- Assets
- $1.6m
- Revenue
- $53.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 07/1967
- Data as of
- 12/2022
- EIN
- 56-6052820
Organization Overview
Elias S Faison Foun is located in Charlotte, NC. The organization was established in 1967. 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. Elias S Faison Foun 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, Elias S Faison Foun generated $53.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $117.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachary J Cappelo MD Director | 0 | $0 | |
Anthony J Caprio MD Director | 0 | $0 | |
Marc R Carruth MD Director | 0 | $0 | |
Kristine M Crimmins MD Director | 0 | $0 | |
Mawuse K Gbegnon MD Director | 0 | $0 | |
Jane S Harrell MD Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $40,540 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,042 |
| Capital Gain Net Income | $13,313 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $924 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,005 |
| Contributions, gifts, grants paid | $101,043 |
| Total expenses and disbursements | $117,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,428 |
| 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 | $1,535,421 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,557,849 |
| 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, Elias S Faison Foun has awarded $95,883 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MECKLENBURG COUNTY MEDICAL SOCIETY PURPOSE: MEDICAL SOCIETY MEETINGS AND LECTURES | $76,297 |
MEDLINK OF MECKLENBURG PURPOSE: GENERAL SUPPORT | $4,000 |
METROLINA COUNCIL OF NURSING ORGANIZATIONS PURPOSE: GENERAL SUPPORT | $300 |
WELTON SOCIETY PURPOSE: GENERAL SUPPORT | $15,286 |