Peninsula Community Foundation
- Assets
- $294.8k
- Revenue
- $359.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cornelius, NC
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 01-0554374
Organization Overview
Peninsula Community Foundation is located in Cornelius, NC. The organization was established in 2002. According to its NTEE Classification (T31) the organization is classified as: Community 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. Peninsula Community 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, Peninsula Community Foundation generated $359.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $320.9k during the year ending 12/2023. While expenses have increased by 13.3% per year over the past 9 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.
Since 2015, Peninsula Community Foundation has awarded 104 individual grants totaling $1,266,935. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION OPERATES EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC AND RELIGIOUS PURPOSES DONATING FUNDS TO OTHER CHARITABLE ORGANIZATIONS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADA JENKINS CENTER 212 GAMBLE STREET DAVIDSON, NC 28036 INDIVIDUAL AND FAMILY CRISIS ASSISTANCE 30,000 YMCA 400 E. MOREHEAD STREET CHARLOTTE, NC. 28202 COMMUNITY DEVELOPMENT 30,000 COOK COMMUNITY CLINIC 14230 HUNTERS ROAD HUNTERSVILLE, NC 28078 COMMUNITY HEALTH 25,000
A GIVING SPIRIT FOUNDATION P.O.BOX 815 DAVIDSON NC 28036 CHILDCARE 8,500 ALONSIDE FAMILIES 4329 ASGKET CURCKE CHARLOTTE NC 28208 COMMUNITY SERVICE PROGRAM 7,500 SAFE ALLIANCE 601 EAST FIFTH STREET CGARKITTE NC 28202 DOMESTIC HEALTH ABUSE 7,500 THRIVE GLOBAL PROJECT 3030 CASTLEBERRY CT CHARLOTTE, NC 28209 COMMUNITY DEVELPMENT 7,500 DAVIDSON LIFELINE 18658 SHEARER ROAD DAVIDSON NC 28036 COMMUNITY SERVICE PROGRAM 6,500 AUTISIM SOCIETY OF NC 5509-A WEST FRIENDLY ST STE 101 GREENSBORO NC 27410 COMMUNITY SERVICE PROGRAM 5,000 BRIDGE OF HEARTS 355 SOUTH BROAD STREET MOORESVILLE, NC 28115 COMMUNITY SERVICE PROGRAM 5,000 DREAM BIG BASKETBALL 13502 MCCOY RIDGE DR HUNTERSVILLE, NC 28078 COMMUNITY SERVICE PROGRAM 5,000 ANGELS AND SPARROWS P.O.BOX 315 HUNTERSVILLE NC 28070 COMMUNITY HEALTH 2,500 BIG BROTHER BIG SISTERS 3801 E INDEPENDENCE BLVD STE 101 CHARLOTTE, NC 28208 CHILDCARE 2,500 SMITHFIELD COMMUNITY COALITION P.O,BOX 1206 CORNELIUS NC 28031 COMMUNITY DEVELOPMENT 1,624
HOPE HOUSE FOUNDATION P.O. BOX 61 HUNTERSVILLE, NC 28070 COMMUNITY SERVICE PROGRAM 20,000 NEIGHBORHOOD C.A.R.E. 19711 SMITH CIRCLE CORNELIUS, NC 28031 COMMUNITY SERVICE PROGRAM 20,000 DAVIDSON CORNELIUS CHILD DEV CTR 242 GAMBLE STREET DAVISON, NC 28036 CHILDCARE 18,000 CORNELIUS COMMUNITY DEVEOPMENT CORP 19837 S.MAIN STREET CORNELIUS NC 28031 COMMUNITY SERVICE PROGRAM 15,000 CATERPILLAR MINISTRIES P.O. BOX 2155 HUNTERSVILLE, NC 28070 CHILD EDUCATION 15,000 BAGS OF HOPE P.O. BOX 1439 CORNELIUS NC 28031 15,000 CHILD NUTRITION
BEDS FOR KIDS 1800 CAMDEN RD STE 107 CHARLOTTE, NC 28208 CHIDCARE 12,500 CAIN CENTER 21348 CATAWBA AVENUE CORNELIUS NC 28031 COMMUNITY SERVICE PROGRAM 10,000 CORNELIUS EARLY SCHOLARS 19708 CHARLES TOWNE LANE CORNELIUS, NC 28031 CHILD READING PROGRAM 10,000 LITTLE SMILES 8515 STEAMVIEW DRIVE UNIT L HUNTERESVILLE, NC 28078 CHILDCARE 10,000
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) | Role | Hours | Compensation |
|---|---|---|---|
Ron Bruce Treasurer | OfficerTrustee | 3 | $0 |
Susan Hartman Secretary | OfficerTrustee | 2 | $0 |
George Searle President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $224,726 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,161 |
| Noncash contributions included in lines 1a–1f | $43,472 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $401,887 |
| Total Program Service Revenue | $0 |
| Investment income | $1,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$43,536 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $359,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $289,624 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,869 |
| Office expenses | $11,314 |
| Information technology | $3,124 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $320,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $294,829 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $294,829 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $183 |
| Total liabilities | $183 |
| Net assets without donor restrictions | $294,646 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $294,829 |
Grants Awarded
Over the last fiscal year, Peninsula Community Foundation has awarded $268,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ADA JENKINS CENTER PURPOSE: CHILD READING PROG | $30,000 |
YMCA PURPOSE: COMMUNITY DEVELOP | $30,000 |
COOK COMMUNITY CLINIC PURPOSE: COMMUNITY SVC PROG. | $25,000 |
BAGS OF HOPE PURPOSE: CHILD NUTRITION | $15,000 |
CATERPILLAR MINISTRIES PURPOSE: CHILD EDUCATION | $15,000 |
CORNELIUS COM DEVELP CENTER PURPOSE: COMMUN SVS PROGRAM | $15,000 |