Myrtle And R T Sinclair Jr Charitable Foundation Inc
- Assets
- $4.1m
- Revenue
- $186.3k
- Investments
- $4.1m
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 05/1993
- Data as of
- 12/2023
- EIN
- 58-2032862
Organization Overview
Myrtle And R T Sinclair Jr Charitable Foundation Inc is located in Wilmington, NC. The organization was established in 1993. 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. Myrtle And R T Sinclair Jr Charitable 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 12/2023, Myrtle And R T Sinclair Jr Charitable Foundation Inc generated $186.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $255.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Myrtle And R T Sinclair Jr Charitable Foundation Inc has awarded 167 individual grants totaling $1,591,750. 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 |
|---|---|---|---|
Bobby R Whaley President | 0.1 | $0 | |
Garry Garris Treasurer | 0.1 | $0 | |
Michael Prevatte Secretary | 0.1 | $0 | |
James B Sinclair Assistant Secretary | 0.1 | $0 | |
W Talmage Jones Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $122,790 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,139 |
| Capital Gain Net Income | $60,139 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,382 |
| Total Revenue | $186,311 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,364 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $855 |
| Total operating and administrative expenses | $44,809 |
| Contributions, gifts, grants paid | $211,000 |
| Total expenses and disbursements | $255,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$3 |
| Savings and temporary cash investments | $6,252 |
| 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 | $1,608,429 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,520 |
| Total assets | $4,076,952 |
| 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, Myrtle And R T Sinclair Jr Charitable Foundation Inc has awarded $211,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: TO PREVENT AND ALLEVIATE HUMAN SUFFERING IN THE FACE OF EMERGENCIES BY MOBILIZING THE POWER OF VOLUNTEERS AND THE GENEROSITY OF DONORS. | $10,000 |
BRIGADE BOYS & GIRLS CLUB PURPOSE: TO INSPIRE AND THROUGH CHARACTER DEVELOPMENT, ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS. | $20,000 |
BRUNSWICK FAMILY ASSISTANCE PURPOSE: TO IMPROVE THE LIVES OF FAMILIES AND INDIVIDUALS IN CRISIS IN BRUNSWICK COUNTY, WHO ARE WILLING TO HELP THEMSELVES, BY PROVIDING EMERGENCY ASSISTANCE AND EDUCATIONAL AND SKILLS DEVELOPMENT PROGRAMS. | $20,000 |
DUPLIN CHRISTIAN OUTREACH MINISTRIES PURPOSE: TO PROVIDE CRISIS ASSISTANCE TO DUPLIN COUNTY CITIZENS WHO ARE EXPERIENCING A CRISIS. | $15,000 |
FAMILIES FIRST PURPOSE: TO IDENTIFY, ADDRESS, AND ATTEMPT TO RECTIFY ISSUES RELATING TO AND ASSOCIATED WITH DOMESTIC VIOLENCE, SEXUAL ASSAULT, AND THEIR EFFECTS ON ADULTS, CHILDREN, AND THE COMMUNITIES OF BLADEN AND COLUMBUS COUNTIES. | $15,000 |
GOOD SHEPHERD CENTER PURPOSE: TO FEED THE HUNGRY, SHELTER THE HOMELESS, AND FOSTER TRANSITION TO HOUSING. | $15,000 |