Howe Foundation Inc
- Assets
- $2.4m
- Revenue
- $117.7k
- Investments
- $2.3m
- Employees
- 0
- Location
- Cherryville, NC
- Founding
- 06/1966
- Data as of
- 10/2023
- EIN
- 56-6070727
Organization Overview
Howe Foundation Inc is located in Cherryville, NC. The organization was established in 1966. 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. Howe 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 10/2023, Howe Foundation Inc generated $117.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $119.2k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Howe Foundation Inc has awarded 100 individual grants totaling $190,350. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO ORGANZIATIONS IN AND AROUND NORTH CAROLINA AND VIRGINIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Hall Director | 0 | $0 | |
Dave Howe Director | 0 | $0 | |
W Howe Director | 0 | $0 | |
Ht Howe Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,554 |
| Dividends & Interest | $62,876 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,279 |
| Capital Gain Net Income | $53,279 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $560 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,755 |
| Total operating and administrative expenses | $20,365 |
| Contributions, gifts, grants paid | $98,800 |
| Total expenses and disbursements | $119,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,768 |
| Savings and temporary cash investments | $34,541 |
| 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 | $2,393,867 |
| 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, Howe Foundation Inc has awarded $98,800 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
BETHEL CEMETERY ASSOCIATION PURPOSE: DONEE ORGANIZATION | $500 |
BELMONT CENTRAL ELEMENTARY SCHOOL PURPOSE: DONEE ORGANIZATION | $1,000 |
BELMONT MIDDLE SCHOOL PURPOSE: DONEE ORGANIZATION | $1,000 |
BOYS & GIRLS CLUB OF GASTON PURPOSE: DONEE ORGANIZATION | $2,000 |
CARL AND JANE SHOWALTER ENDOWMENT PURPOSE: DONEE ORGANIZATION | $5,000 |
CAROLINA THREAD TRAIL PURPOSE: DONEE ORGANIZATION | $5,000 |