Yeargan Foundation Charitable Trust
- Assets
- $10.3m
- Revenue
- $854.1k
- Investments
- $9.9m
- Employees
- 0
- Location
- Garner, NC
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 58-1846281
Organization Overview
Yeargan Foundation Charitable Trust is located in Garner, NC. The organization was established in 1989. 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. Yeargan Foundation Charitable Trust 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 12/2022, Yeargan Foundation Charitable Trust generated $854.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $750.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (31.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Yeargan Foundation Charitable Trust has awarded 41 individual grants totaling $3,436,520. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $78,812 |
| Dividends & Interest | $520,439 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $126,882 |
| Capital Gain Net Income | $126,882 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $127,954 |
| Total Revenue | $854,087 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,865 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,376 |
| Printing and publications | $0 |
| Other expenses | $210,703 |
| Total operating and administrative expenses | $295,394 |
| Contributions, gifts, grants paid | $455,300 |
| Total expenses and disbursements | $750,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,793,890 |
| 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 | $1,164,019 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $623,537 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$3,118,292 |
| Total assets | $10,318,496 |
| 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, Yeargan Foundation Charitable Trust has awarded $455,300 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY PURPOSE: ENDOWMENT | $200,000 |
DURHAM NATIVITY SCHOOL PURPOSE: CONTRIBUTION | $50,000 |
TRANSITIONS LIFECARE PURPOSE: CONTRIBUTION | $100,000 |
YMCA OF THE TRIANGLE PURPOSE: CONTRIBUTION | $50,000 |
COMMUNITY OF HOPE PURPOSE: CONTRIBUTION | $40,000 |
BROTHER MARTIN HIGH SCHOOL PURPOSE: CONTRIBUTION | $10,000 |