Bolick Foundation
- Assets
- $56.0m
- Revenue
- $299.8m
- Investments
- $53.7m
- Employees
- 0
- Location
- Conover, NC
- Founding
- 09/2017
- Data as of
- 06/2022
- EIN
- 56-6086348
Organization Overview
Bolick Foundation is located in Conover, NC. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bolick 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 06/2022, Bolick Foundation generated $299.8m in total revenue. All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 56.2% per year over the past 4 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 2021, Bolick Foundation has awarded 289 individual grants totaling $5,452,300. 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 |
|---|---|---|---|
Joyce B Cline Executive Director | 40 | $150,000 | |
Matthew C Harrison Director | 0.05 | $0 | |
Judith Bolick Munday Assistant Secretary | 0.05 | $0 | |
Stephen G Dobbins Director | 0.05 | $0 | |
Jerome W Bolick President/treasurer | 1.2 | $0 | |
David W Hood Director | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $289,451,658 |
| Interest on Savings | $0 |
| Dividends & Interest | $977,390 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,335,236 |
| Capital Gain Net Income | $9,335,236 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62,734 |
| Total Revenue | $299,827,018 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $189,436 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $996 |
| Total operating and administrative expenses | $516,601 |
| Contributions, gifts, grants paid | $3,159,050 |
| Total expenses and disbursements | $3,675,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,301,054 |
| 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 | $56,039,637 |
| 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 | $4,496 |
| Total liabilities | $4,496 |
Grants Awarded
Over the last fiscal year, Bolick Foundation has awarded $3,159,050 in support to 159 organizations.
| Grant Recipient | Amount |
|---|---|
THE LUTHERAN CHURCH MISSOURI SYNOD PURPOSE: CHURCH PLANTING | $525,000 |
Taylorsville, NC PURPOSE: GENERAL OPERATING FUND | $350,000 |
THE LUTHERAN CHURCH MISSOURI SYNOD PURPOSE: GENERAL OPERATING FUND | $200,000 |
LCMS OFFICE OF INTERNATIONAL MISSIONS PURPOSE: GENERAL OPERATING FUND | $200,000 |
LUTHERAN HOUR MINISTRIES PURPOSE: GENERAL OPERATING FUND | $100,000 |
CONCORDIA SEMINARY ST LOUIS PURPOSE: GENERAL OPERATING FUND | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |