A E Finley Foundation Inc
- Assets
- $30.0m
- Revenue
- $1.1m
- Investments
- $27.7m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 07/1959
- Data as of
- 12/2023
- EIN
- 56-6057379
Organization Overview
A E Finley Foundation Inc is located in Raleigh, NC. The organization was established in 1959. 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. A E Finley 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, A E Finley Foundation Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 7.3% per year over the past 5 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.
Since 2020, A E Finley Foundation Inc has awarded 195 individual grants totaling $4,819,065. 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 |
|---|---|---|---|
Duke Finley Chairman/president | 4 | $0 | |
Vic Bell Vice President | 4 | $0 | |
Kevin Anderson Secretary | 4 | $0 | |
Ann Dillon Director | 4 | $0 | |
Jim Welch Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,005 |
| Dividends & Interest | $774,002 |
| Net Rental Income | $77,459 |
| Net Gain on Sale of Assets | $180,687 |
| Capital Gain Net Income | $180,687 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,159 |
| Total Revenue | $1,113,107 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,044 |
| Depreciation | $61,815 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,165 |
| Printing and publications | $0 |
| Other expenses | $96,030 |
| Total operating and administrative expenses | $215,822 |
| Contributions, gifts, grants paid | $1,156,750 |
| Total expenses and disbursements | $1,372,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $853,153 |
| Net Accounts receivable | $393 |
| 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 | $27,913 |
| Net Investments - land, buildings, equipment | $1,422,914 |
| Investments—mortgage loans | $0 |
| Investments—other | $704,352 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $69,566 |
| Total assets | $30,047,739 |
| Accounts payable and accrued expenses | $1,998 |
| 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 | $26,503 |
| Total liabilities | $28,501 |
Grants Awarded
Over the last fiscal year, A E Finley Foundation Inc has awarded $1,156,750 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
ASBURY CHURCH PURPOSE: OPERATING SUPPORT | $2,500 |
ALLIANCE MEDICAL MINISTRY PURPOSE: OPERATING SUPPORT | $10,000 |
CAM RALEIGH PURPOSE: OPERATING SUPPORT | $10,000 |
CARTERET HEALTH CARE FOUNDATION PURPOSE: OPERATING SUPPORT | $2,500 |
CASA PURPOSE: OPERATING SUPPORT | $5,000 |
CONTINUOUS BLESSINGS FOUNDATION PURPOSE: OPERATING SUPPORT | $2,500 |