The Faile Foundation Inc
- Assets
- $2.8m
- Revenue
- $80.4k
- Investments
- $2.8m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 06-1379812
Organization Overview
The Faile Foundation Inc is located in Greensboro, NC. The organization was established in 1994. 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. Faile 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, Faile Foundation Inc generated $80.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $266.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Faile Foundation Inc has awarded 78 individual grants totaling $1,377,575. 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 |
|---|---|---|---|
Toni Faile Lyerly President | 1.5 | $0 | |
Jennifer J Faile Vice President | 1.5 | $0 | |
Alicia M Zupic Secretary | 1.5 | $0 | |
Lawrence Lyerly Treasurer | 1.5 | $0 | |
Danica A Zupic Executive Director | 40 | $8,417 | |
Elizabeth Cox Executive Director | 40 | $66,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,088 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,338 |
| Capital Gain Net Income | $48,338 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,426 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $74,417 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,983 |
| Interest | $0 |
| Taxes | $10,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,743 |
| Total operating and administrative expenses | $132,915 |
| Contributions, gifts, grants paid | $134,000 |
| Total expenses and disbursements | $266,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,388 |
| 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 | $644,558 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,809,599 |
| 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 Faile Foundation Inc has awarded $134,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ART FORM (FOUND OBJECTS RECYCLED MATERIALS) PURPOSE: GARDEN, NATIVE POLLINATOR, AND PLAN ACTIVITY KITS; PROVIDE ART CLASSES | $15,000 |
COMMUNITY FOUNDATION OF THE VIRGIN ISLANDS PURPOSE: TECHNICAL ACADEMIC AND CAPACITY BUILDING CONSULTING AND SCHOLARSHIPS/STIPENDS | $30,000 |
DEPOSITING EMPOWERMENT THROUGH OUTREACH AND URBAN REDEVELOPMENT PURPOSE: GENERAL PROGRAM SUPPORT | $15,000 |
LUTHERAN SOCIAL SERVICES OF THE VIRGIN ISLANDS PURPOSE: GENERAL SUPPORT FOR THE QUEEN LOUISE HOME AND SISTER EMMA COTTAGE | $4,000 |
THE RANKIN MUSEUM INC PURPOSE: GENERAL PROGRAM SUPPORT | $5,000 |
YWCA OF ASHEVILLE AND WESTERN NORTH CAROLINA PURPOSE: LIGHT A PATH PROGRAM FOR WOMEN IN CORRECTIONAL AND RECOVERY CENTERS | $40,000 |