1880 Foundation
- Assets
- $277.9k
- Revenue
- $37.7k
- Investments
- $164.1k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-0704727
Organization Overview
1880 Foundation is located in Raleigh, NC. The organization was established in 2016. 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. 1880 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 12/2022, 1880 Foundation generated $37.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $24.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, 1880 Foundation has awarded 21 individual grants totaling $142,500. 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 |
|---|---|---|---|
M Elizabeth Gant President | 0 | $0 | |
Allen E Gant Jr Vice President | 0 | $0 | |
Derek B Steed Secretary | 0 | $0 | |
Sue Rich Treasurer | 0 | $0 | |
Sue Porter Assistant Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,981 |
| Capital Gain Net Income | $25,981 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,705 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $308 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,336 |
| Contributions, gifts, grants paid | $17,500 |
| Total expenses and disbursements | $24,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,807 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $277,940 |
| 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, 1880 Foundation has awarded $17,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTH CAROLINA PURPOSE: SCHOLARSHIPS FOR KATHRYN WIETERS AND BRADLEY DYAR | $10,000 |
UNIVERSITY OF NORTH CAROLINA PURPOSE: SCHOLARSHIP FOR DEVON STREET | $5,000 |
MAYLAND COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP FOR GRACIE YOUNG | $2,500 |