Charles E Hayworth Jr Foundation
- Assets
- $9.0m
- Revenue
- $306.3k
- Investments
- $8.7m
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 02/1987
- Data as of
- 12/2023
- EIN
- 57-0834648
Organization Overview
Charles E Hayworth Jr Foundation is located in Winston Salem, NC. The organization was established in 1987. 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. Charles E Hayworth Jr 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, Charles E Hayworth Jr Foundation generated $306.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $658.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Charles E Hayworth Jr Foundation has awarded 60 individual grants totaling $3,195,700. 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 |
|---|---|---|---|
Elizabeth Quick President/tr | 2 | $2,500 | |
Linwood Davis Vp/secretary | 1 | $2,500 | |
Debbie Hayworth Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Womble Bond Dickinson (Us) Llp | 12/30/21 | $50,474 |
Wells Fargo | 12/30/21 | $57,917 |
Womble Bond Dickinson (Us) Llp | 12/30/21 | $0 |
Wells Fargo | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,617 |
| Dividends & Interest | $186,493 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104,691 |
| Capital Gain Net Income | $104,691 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $475 |
| Total Revenue | $306,276 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,386 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $150,161 |
| Contributions, gifts, grants paid | $508,500 |
| Total expenses and disbursements | $658,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $393,131 |
| 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 | $75 |
| Total assets | $9,044,431 |
| 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, Charles E Hayworth Jr Foundation has awarded $508,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
HIGH POINT COMMUNITY FOUNDATION PURPOSE: NIDO & MARIANA QUBEIN CHILDREN'S MUS | $167,500 |
HIGH POINT UNIVERSITY PURPOSE: BOARD OF AMBASSADORS | $500 |
UNITED WAY OF GREATER HIGH POINT PURPOSE: GENERAL SUPPORT | $15,000 |
FAMILY SERVICE OF THE PIEDMONT INC PURPOSE: HIGH POINT CENTER FOR CHILD WELLNESS | $50,000 |
BOYS & GIRLS CLUBS OF GREATER HP PURPOSE: POOL REPAIR & REPLASTERING | $116,000 |
HIGH POINT PRESERVATION SOCIETY PURPOSE: OAKWOOD CEMETERY REFURBISHMENT | $60,000 |