Alleghany Educational Foundation Inc

Organization Overview

Alleghany Educational Foundation Inc is located in Sparta, NC. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alleghany Educational Foundation Inc 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 12/2021, Alleghany Educational Foundation Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $308.5k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATIONAL ASSISTANCE

Describe the Organization's Program Activity:

Part 3 - Line 4a

COLLEGE SCHOLARSHIPS AWARDED


SYMPHONY


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Karen Leys
Secretary/tr
$12,000
Jay Woodruff
1st Vice-Pre
$0
Susan D Murphy
2nd Vice-Pre
$0
Warren Taylor
President
$0
Pratt Davis
Director
$0
Jeff Cox
Ex-Officio
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,299,660
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,299,660
Total Program Service Revenue$0
Investment income $106,639
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $766,412
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,172,711

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Alleghany Educational Foundation Inc has recieved totaling $56,100.

Awarding OrganizationAmount
Roaring Gap Foundation

Charlottesville, VA

PURPOSE: SCHOLARSHIP

$56,100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$253,268
Earnings$2,383
Ending Balance$255,651

Create an account to unlock the data you need.

or