The Husky Rack & Wire Charitable Foundation
- Assets
- $529.9k
- Revenue
- $18.4k
- Investments
- $586.1k
- Employees
- 0
- Location
- Denver, NC
- Founding
- 00/0000
- Data as of
- 09/2023
- EIN
- 04-2752657
Organization Overview
The Husky Rack & Wire Charitable Foundation is located in Denver, NC. The organization was established in 0000. 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. Husky Rack & Wire Charitable 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 09/2023, Husky Rack & Wire Charitable Foundation generated $18.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $40.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Husky Rack & Wire Charitable Foundation has awarded 37 individual grants totaling $104,250. 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 |
|---|---|---|---|
Ronald Young Trustee | 0.5 | $0 | |
Ryan Young Trustee | 0.5 | $0 | |
Rebecca Young Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,107 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,304 |
| Capital Gain Net Income | $2,304 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,411 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,633 |
| Total operating and administrative expenses | $3,633 |
| Contributions, gifts, grants paid | $37,000 |
| Total expenses and disbursements | $40,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$56,130 |
| 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 | $9,514 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $529,943 |
| 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, The Husky Rack & Wire Charitable Foundation has awarded $37,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
COOPER ROYALL FOUNDATION PURPOSE: COMMUNITY SERVICE | $2,500 |
DOVE HOUSE PURPOSE: COMMUNITY SERVICE | $5,000 |
LITTLE SMILES PURPOSE: COMMUNITY SERVICE | $1,000 |
FLORENCE CRITTENTON SERVICES PURPOSE: COMMUNITY SERVICE | $7,500 |
MINT MUSEUM AUXILIARY PURPOSE: COMMUNITY SERVICE | $1,500 |
MCCOLL CENTER FOR ART INNOVATION PURPOSE: COMMUNITY SERVICE | $5,000 |