Albert & Nan Gray Monk Foundation
- Assets
- $2.0m
- Revenue
- $90.0k
- Investments
- $1.9m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 06/1996
- Data as of
- 12/2023
- EIN
- 56-6473877
Organization Overview
Albert & Nan Gray Monk Foundation is located in Chapel Hill, NC. The organization was established in 1996. 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. Albert & Nan Gray Monk 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 12/2023, Albert & Nan Gray Monk Foundation generated $90.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $129.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Albert & Nan Gray Monk Foundation has awarded 188 individual grants totaling $992,490. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert C Monk III President & Treasurer | 0 | $0 | |
Robert E Mallernee Assistant Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $53,946 |
| Interest on Savings | $0 |
| Dividends & Interest | $68,029 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$32,006 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $89,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,595 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,350 |
| Contributions, gifts, grants paid | $114,686 |
| Total expenses and disbursements | $129,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10 |
| Savings and temporary cash investments | $111,080 |
| 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 | $186 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,912,289 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,023,565 |
| 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 | $5,000 |
| Total liabilities | $5,000 |
Grants Awarded
Over the last fiscal year, Albert & Nan Gray Monk Foundation has awarded $114,686 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST HEALTH SOUTH FLORIDA PURPOSE: GENERAL PURPOSE SUPPORT | $900 |
CARTERET HEALTH CARE FOUNDATION INC PURPOSE: GENERAL PURPOSE SUPPORT | $1,575 |
CHARLOTTE LATIN SCHOOL PURPOSE: GENERAL PURPOSE SUPPORT | $12,500 |
CHEROKEE GARDEN LIBRARY PURPOSE: GENERAL PURPOSE SUPPORT | $5,100 |
HIGH MUSEUM OF ART PURPOSE: GENERAL PURPOSE SUPPORT | $25,200 |
MYERS PARK PRESBYTERIAN CHURCH PURPOSE: GENERAL PURPOSE SUPPORT | $17,500 |