David R Hayworth Foundation
- Assets
- $43.0m
- Revenue
- $2.4m
- Investments
- $41.6m
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 02/1987
- Data as of
- 12/2023
- EIN
- 58-1705607
Organization Overview
David R Hayworth 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. David R Hayworth 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, David R Hayworth Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 60.1% each year . All expenses for the organization totaled $918.9k during the year ending 12/2023. While expenses have increased by 16.3% per year over the past 5 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 2019, David R Hayworth Foundation has awarded 49 individual grants totaling $2,040,925. 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 |
|---|---|---|---|
Linwood L Davis Vice Preside | 1 | $12,500 | |
Elizabeth L Quick President | 2 | $12,500 | |
Deborah Hayworth Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Raymond James & Associates | 12/30/23 | $138,337 |
Birmingham Capital Management | 12/30/23 | $70,506 |
Raymond James & Associates | 12/30/23 | $0 |
Birmingham Capital Management | 12/30/23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,064 |
| Dividends & Interest | $933,697 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,402,214 |
| Capital Gain Net Income | $1,402,214 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,258 |
| Total Revenue | $2,359,233 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,486 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63 |
| Total operating and administrative expenses | $416,422 |
| Contributions, gifts, grants paid | $502,500 |
| Total expenses and disbursements | $918,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,389,844 |
| 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 | $358 |
| Total assets | $43,010,403 |
| 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, David R Hayworth Foundation has awarded $502,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
HIGH POINT COMMUNITY FOUNDATION PURPOSE: NIDO & MARIANA QUBEIN CHILDREN'S MUS | $82,500 |
BIG BROTHERS BIG SISTERS OF THE PURPOSE: MENTORING CENTER | $40,000 |
WESLEY MEMORIAL UNITED METHODIST CH PURPOSE: FEEDING LISA'S KIDS | $10,000 |
THE ART GALLERY AT CONGDON YARDS PURPOSE: CLASSROOM AT ART GALLERY | $100,000 |
HIGH POINT PRESERVATION SOCIETY PURPOSE: OAKWOOD CEMETERY REPAIRS | $240,000 |
ST MARY'S EPISCOPAL CHURCH PURPOSE: GENERAL SUPPORT | $10,000 |