Wayland Henry Cato Jr Foundation
- Assets
- $2.1m
- Revenue
- $215.3k
- Investments
- $1.9m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2023
- EIN
- 82-0799936
Organization Overview
Wayland Henry Cato Jr Foundation is located in Charlotte, NC. 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. Wayland Henry Cato Jr 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, Wayland Henry Cato Jr Foundation generated $215.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $61.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wayland Henry Cato Jr Foundation has awarded 21 individual grants totaling $3,708,250. 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 |
|---|---|---|---|
Clarice Cato Goodyear Co-Trustee,chairman, Board Of Advisors | 4 | $0 | |
Theresa R Gebhardt Co-Trustee,vice-Chair,secretary | 0 | $0 | |
John Pd Cato Board Of Advisors | 0 | $0 | |
Thomas E Cato Board Of Advisors | 0 | $0 | |
Harold Pratt-Thomas Board Of Advisors | 0 | $0 | |
Howard Weiss Board Of Advisors | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $143,900 |
| Interest on Savings | $1,421 |
| Dividends & Interest | $56,444 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,557 |
| Capital Gain Net Income | $13,557 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1 |
| Total Revenue | $215,323 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,629 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,978 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $60,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,400 |
| 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 | $1,861,175 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,051,575 |
| 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, Wayland Henry Cato Jr Foundation has awarded $3,560,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MYERS PARK UNITED METHODIST CHURCH PURPOSE: CHARITABLE | $50,000 |
UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION PURPOSE: EDUCATIONAL | $5,000 |
MYERS PARK UNITED METHODIST CHURCH PURPOSE: CHARITABLE | $50,000 |
UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION PURPOSE: EDUCATIONAL | $5,000 |
ATRIUM HEALTH FOUNDATION PURPOSE: CHARITABLE | $1,000,000 |
CAROLINA TREAD TRAIL PURPOSE: CHARITABLE | $150,000 |