Bruce Barclay Cameron Foundation Inc
- Assets
- $60.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 09/2003
- Data as of
- 12/2023
- EIN
- 05-0561398
Organization Overview
Bruce Barclay Cameron Foundation Inc is located in Wilmington, NC. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public 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. Bruce Barclay Cameron 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 12/2023, Bruce Barclay Cameron Foundation Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bruce Barclay Cameron Foundation Inc has awarded 93 individual grants totaling $13,567,026. 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
SUPPORT LOCAL COMMUNITY ARTS AND HISTORICAL PRESERVATION AS WELL AS EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT LOCAL COMMUNITY ARTS AND HISTORICAL PRESERVATION AS WELL AS EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott C Sullivan President | Officer | 5 | $125,000 |
Susan Vandergriff Secretary | Officer | 1 | $0 |
Peter Fensel Jr Director | Trustee | 0.5 | $0 |
George Taylor Director | Trustee | 0.5 | $0 |
Stephen Coggins Director | Trustee | 0.5 | $0 |
Robert F Warwick Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,265,679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $181,518 |
| Net Gain/Loss on Asset Sales | $348,566 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,783,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,031,500 |
| 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. | $125,000 |
| Compensation of current officers, directors, key employees. | $100,000 |
| 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 | $6,000 |
| Fees for services: Legal | $35,426 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $264,353 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $5,138 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $11,065 |
| Total functional expenses | $2,512,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $836 |
| Savings and temporary cash investments | $7,155,876 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,829 |
| 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 | $6,028,943 |
| Investments—publicly traded securities | $36,211,378 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,962,390 |
| Total assets | $60,371,252 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $40,611,213 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $19,760,039 |
| Total liabilities and net assets/fund balances | $60,371,252 |
Grants Awarded
Over the last fiscal year, Bruce Barclay Cameron Foundation Inc has awarded $2,020,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AUTISM SOCIETY OF NC PURPOSE: Healthcare | $10,000 |
CAMERON ART MUSEUM PURPOSE: Cultural Arts | $775,000 |
CAPE FEAR ACADEMY PURPOSE: Education | $100,000 |
THE CAROUSEL CENTER PURPOSE: Healthcare | $10,000 |
EDEN VILLAGE OF WILMINGTON PURPOSE: Helping the Homeless | $100,000 |
FOOD BANK CENTRAL & EASTERN NC PURPOSE: Feeding the Underprivledged | $200,000 |