Weaver Foundation Inc
- Assets
- $30.4m
- Revenue
- $3.7m
- Investments
- $28.7m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 05/1968
- Data as of
- 12/2021
- EIN
- 56-6093527
Organization Overview
Weaver Foundation Inc is located in Greensboro, NC. The organization was established in 1968. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Weaver 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 12/2021, Weaver Foundation Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 7.5% 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 2014, Weaver Foundation Inc has awarded 310 individual grants totaling $10,160,482. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin H Gray President | 40 | $95,000 | |
M Lee Mcallister Vice President And Director | 0 | $0 | |
Michelle Wilburn Treasurer | 0 | $0 | |
Kristen Lowers Assistant Secretary | 0 | $0 | |
Katherine Weaver Chair | 0 | $0 | |
James Smith Vice Chair And Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $544,720 |
| Interest on Savings | $664 |
| Dividends & Interest | $629,562 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,462,452 |
| Capital Gain Net Income | $2,462,452 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,992 |
| Total Revenue | $3,650,390 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $95,000 |
| Other employee salaries and wages | $74,874 |
| Pension plans, employee benefits | $48,559 |
| Interest | $1,095 |
| Taxes | $47,488 |
| Depreciation | $23 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,444 |
| Printing and publications | $0 |
| Other expenses | $53,806 |
| Total operating and administrative expenses | $528,780 |
| Contributions, gifts, grants paid | $1,356,092 |
| Total expenses and disbursements | $1,884,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $285,092 |
| 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 | $10,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $28,692,921 |
| Net Land, buildings, and equipment | $1,418,205 |
| Other assets | $0 |
| Total assets | $30,406,218 |
| 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 | $67,271 |
| Total liabilities | $67,271 |
Grants Awarded
Over the last fiscal year, Weaver Foundation Inc has awarded $1,718,592 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
NC A&T STATE UNIVERSITY PURPOSE: ENDOWMENT IN INTERNATIONAL PROGRAMS | $500,000 |
YMCA OF GREENSBORO PURPOSE: CAMP WEAVER CAPITAL CAMPAIGN GIFT | $375,000 |
Winston Salem, NC PURPOSE: GREENSBORO CAMPAIGN SUPPORT | $210,000 |
Greensboro, NC PURPOSE: FORWARD GUILFORD CAMPAIGN | $100,000 |
SANCTUARY HOUSE PURPOSE: ANNUAL SUPPORT | $51,000 |
ONE STEP FURTHER PURPOSE: PANTRY EQUIPMENT, COMMERCIAL FREEZERS AND REFRIGERATORS | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |