Kyser Foundation
- Assets
- $685.0k
- Revenue
- $37.8k
- Investments
- $673.2k
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 06/1953
- Data as of
- 12/2022
- EIN
- 56-6061070
Organization Overview
Kyser Foundation is located in Chapel Hill, NC. The organization was established in 1953. 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. Kyser Foundation 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, Kyser Foundation generated $37.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $55.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kyser Foundation has awarded 100 individual grants totaling $258,750. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF THE ARTS
SUPPORT OF INITIATIVES TO INCREASE AND SHARE KNOWLEDGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda K Kyser Trustee | 1 | $0 | |
Kimberly Kyser Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,390 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,390 |
| Capital Gain Net Income | $22,390 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,780 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,947 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $166 |
| Total operating and administrative expenses | $13,782 |
| Contributions, gifts, grants paid | $42,000 |
| Total expenses and disbursements | $55,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,752 |
| 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 | $673,233 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $684,985 |
| 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, Kyser Foundation has awarded $42,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CHAMBER ORCHESTRA OF THE TRIANGLE PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S EXEMPT PURPOSE. | $10,000 |
COMPASS CENTER FOR WOMEN & FAMILIES PURPOSE: INCREASE SELF-SUFFICIENCY AND PREVENT DOMESTIC VIOLENCE | $10,000 |
EL FUTURO PURPOSE: INCREASE SELF AWARENESS FOR MENTAL HEALTH SERVICES FOR LATINO FAMILIES | $2,000 |
FRIENDS OF THE LIBRARY AT UNC - CHAPEL HILL PURPOSE: SOUTHERN HISTORIC COLLECTION | $3,000 |
EMPOWERMENT INC PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S EXEMPT PURPOSE. | $1,500 |
NC MUSEUM OF ART FOUNDATION PURPOSE: TO PROVIDE HIGH QUALITY EDUCATION AND EXHIBITS | $2,000 |