Linville Foundation Inc

Organization Overview

Linville Foundation Inc is located in Linville, NC. The organization was established in 2017. 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. Linville 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 12/2022, Linville Foundation Inc generated $521.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $447.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION INSPIRES, ENCOURAGES, AND SUPPORTS STUDENTS IN THEIR PURSUIT OF COLLEGE, GRADUATE, OR VOCATIONAL EDUCATION THROUGH FINANCIAL AID AND THE GRANTING OF SCHOLARSHIP AWARDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION GRANTED OVER 70 SCHOLARSHIPS TO STUDENTS TO HELP FURTHER THEIR EDUCATION IN GRADUATE AND UNDERGRADUATE DEGREES. OUR GOAL IS TO HELP AND ENCOURAGE STUDENTS TO FURTHER THEIR EDUCATION WITH COLLEGE DEGREES AND TO PROVIDE SUPPORT TO THESE STUDENTS DURING THEIR TIME IN COLLEGE.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas Dale
President
$0
Betsy Austin
Officer
$0
Harrison H Williamson Jr
Trustee
$0
Mary Holt Murphy
Trustee
$0
Gigi Demick
Trustee
$0
Robert Spilman III
Trustee
$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$520,388
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$520,388
Total Program Service Revenue$0
Investment income $72,601
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$71,987
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $521,002

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Linville Foundation Inc has recieved totaling $27,000.

Awarding OrganizationAmount
Motamed Family Foundation Tr

Kiawah Island, SC

PURPOSE: GENERAL OPERATIONS

$25,000
Charles Timmons Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$2,000
View Grant Recipient Profile

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