Herschel H And Cornelia N Everett Foundation 1019897443
- Assets
- $4.1m
- Revenue
- $91.7k
- Investments
- $4.1m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 07/2002
- Data as of
- 06/2024
- EIN
- 56-6093697
Organization Overview
Herschel H And Cornelia N Everett Foundation 1019897443 is located in Greensboro, NC. The organization was established in 2002. 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. Herschel H And Cornelia N Everett Foundation 1019897443 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 06/2024, Herschel H And Cornelia N Everett Foundation 1019897443 generated $91.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $172.9k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Herschel H And Cornelia N Everett Foundation 1019897443 has awarded 49 individual grants totaling $761,500. 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 |
|---|---|---|---|
Piedmont Trust Company Trustee | 2 | $34,546 | |
Paul Wyche Advisor | 1 | $0 | |
Mary Melton Advisor | 0.5 | $0 | |
Sarah Margaret Tierney Advisor | 0.5 | $0 | |
Paul H Belk Advisor | 0.5 | $0 | |
James H Belk Advisor | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,923 |
| Dividends & Interest | $65,148 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,600 |
| Capital Gain Net Income | $2,600 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $91,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,546 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,367 |
| Total operating and administrative expenses | $52,913 |
| Contributions, gifts, grants paid | $120,000 |
| Total expenses and disbursements | $172,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,258 |
| 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 | $3,559,647 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,082,011 |
| 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, Herschel H And Cornelia N Everett Foundation 1019897443 has awarded $120,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKSTONE SCHOOLS OF MECKLENBURG COUNTY PURPOSE: GENERAL OPERATING | $20,000 |
PRESBYTERIAN HOME AT CHARLOTTE INC PURPOSE: GENERAL OPERATING | $2,000 |
QUEENS UNIVERSITY OF CHARLOTTE PURPOSE: GENERAL OPERATING | $20,000 |
THE FOUNDATION OF THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE PURPOSE: GENERAL OPERATING | $29,000 |
UNION PRESBYTERIAN SEMINARY PURPOSE: GENERAL OPERATING | $20,000 |
GORDON CONWELL THEOLOGICAL SEMINARY PURPOSE: GENERAL OPERATING | $20,000 |