Mary D B T Semans Foundation
- Assets
- $3.1m
- Revenue
- $149.4k
- Investments
- $2.9m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 12/1982
- Data as of
- 12/2023
- EIN
- 58-1484629
Organization Overview
Mary D B T Semans Foundation is located in Charlotte, NC. The organization was established in 1982. 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 the central organization for a national or regional group of organizations. Mary D B T Semans 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, Mary D B T Semans Foundation generated $149.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $178.0k during the year ending 12/2023. While expenses have increased by 8.6% per year over the past 9 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 2016, Mary D B T Semans Foundation has awarded 16 individual grants totaling $494,330. 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 |
|---|---|---|---|
Beth S Hubbard President | 0 | $0 | |
Josiah Ct Lucas Secretary And Treasurer | 0 | $0 | |
George C Biddle Officer | 0 | $0 | |
Thomas S Kenan III Officer | 0 | $0 | |
Benjamin Nd Lucas Officer | 0 | $0 | |
C Russell Bryan Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,014 |
| Dividends & Interest | $77,342 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,091 |
| Capital Gain Net Income | $57,091 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $149,447 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,785 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,471 |
| Printing and publications | $0 |
| Other expenses | $22,726 |
| Total operating and administrative expenses | $27,982 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $177,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,300 |
| Savings and temporary cash investments | $0 |
| 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 | $2,915,163 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $625 |
| Total assets | $3,063,088 |
| 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, Mary D B T Semans Foundation has awarded $150,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DURHAM NATIVITY SCHOOL PURPOSE: GENERAL SUPPORT | $20,000 |
TRINITY AVENUE PRESBYTERIAN CHURCH PURPOSE: FOODBANK SUPPORT | $15,000 |
ARTS PURPOSE: GENERAL SUPPORT | $15,000 |
DUKE UNIVERSITY PURPOSE: GENERAL SUPPORT | $100,000 |