The Byerly Foundation
- Assets
- $19.1m
- Revenue
- $595.0k
- Investments
- $18.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/1939
- Data as of
- 09/2023
- EIN
- 57-0324909
Organization Overview
The Byerly Foundation is located in Wilmington, DE. The organization was established in 1939. According to its NTEE Classification (T30) the organization is classified as: Public 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. Byerly 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 09/2023, Byerly Foundation generated $595.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.3m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Byerly Foundation has awarded 100 individual grants totaling $6,586,957. 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
HARTSVILLE COMMUNITY DEVELOPMENT - THE FND WILL SPONSOR FREE EDUCATIONAL EVENTS AND PUBLIC DISCUSSIONS TO ADDRESS COMMUNITY ISSUES & PROMOTE SOCIAL WELFARE IN HARTSVILLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Orville Dyce Trustee | 1 | $0 | |
Terence Hassler Trustee | 1 | $0 | |
Susan Henderson Trustee, Sec | 1 | $0 | |
Brandy Johnson Trustee | 1 | $0 | |
Frances Jones Trustee, Sec | 1 | $0 | |
Corey Lewis Trustee, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,254 |
| Dividends & Interest | $490,213 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,218 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $104,785 |
| Total Revenue | $595,034 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $100,000 |
| Pension plans, employee benefits | $18,273 |
| Interest | $166 |
| Taxes | $12,746 |
| Depreciation | $6,084 |
| Occupancy | $30,669 |
| Travel, conferences, and meetings | $8,925 |
| Printing and publications | $0 |
| Other expenses | $95,526 |
| Total operating and administrative expenses | $331,955 |
| Contributions, gifts, grants paid | $927,000 |
| Total expenses and disbursements | $1,258,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $938,335 |
| 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 | $157,309 |
| Other assets | $0 |
| Total assets | $19,056,816 |
| 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, The Byerly Foundation has awarded $927,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BUTLER ACADEMY PURPOSE: CHARTER SCHOOL OPERATIONS | $225,000 |
CHILD AND FAMILY RESOURCE FOUNDATION PURPOSE: TO SUPPORT THE MENTAL HEALTH NEEDS OF CHILDREN IN THE HARTSVILLE COMMUNITY IN PARTNERSHIP WITH COKER UNIVERSITY | $75,000 |
CAREFIRST CAROLINA FOUNDATION INC PURPOSE: INSTALLATION OF BUS STOPS AND ON-DEMAND BUS SERVICE IN THE HARTSVILLE COMMUNITY | $12,000 |
CITY OF HARTSVILLE PURPOSE: HARTSVILLE DEVELOPMENT PROJECT | $500,000 |
CITY OF HARTSVILLE PURPOSE: TO PURCHASE SURVEILLANCE EQUIPMENT DESIGNED FOR COVERT LAW ENFORCEMENT INVESTIGATIONS TO REDUCE NARCOTIC ACTIVITY IN THE CITY AND FOR THE UNDERCOVER PURCHASE OF NARCOTICS IN PURSUANT OF ACTIVE NARCOTIC CASES | $50,000 |
COUNTY OF DARLINGTON PURPOSE: DARLINGTON COUNTY SHERIFF'S OFFICE YOUTH OUTREACH PROGRAM | $10,000 |