Ernest A Koury Family Foundation Inc
- Assets
- $2.9m
- Revenue
- $115.6k
- Investments
- $2.7m
- Employees
- 0
- Location
- Burlington, NC
- Founding
- 01/2004
- Data as of
- 09/2023
- EIN
- 20-0443049
Organization Overview
Ernest A Koury Family Foundation Inc is located in Burlington, NC. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ernest A Koury Family 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 09/2023, Ernest A Koury Family Foundation Inc generated $115.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $170.1k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ernest A Koury Family Foundation Inc has awarded 55 individual grants totaling $668,100. 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 |
|---|---|---|---|
Ernest A Koury Jr Vice President/director | 1 | $0 | |
Bradford A Koury Vice President/director | 0 | $0 | |
Teena M Koury Vice President/director | 0 | $0 | |
Miltom E Petty Sec/treas/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,852 |
| Dividends & Interest | $56,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,494 |
| Capital Gain Net Income | $42,494 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $115,601 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $467 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,003 |
| Total operating and administrative expenses | $15,615 |
| Contributions, gifts, grants paid | $154,500 |
| Total expenses and disbursements | $170,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $150,443 |
| 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 | $2,503,937 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,850,447 |
| 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, Ernest A Koury Family Foundation Inc has awarded $154,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ALAMANCE COUNTY SILENT WITNESS PROGRAM CRIMESTOPPERS PURPOSE: TO AID IN ORGANIZATION'S PROGRAMS. | $5,000 |
ALAMANCE REGIONAL CHARITABLE FOUNDATION PURPOSE: TO AID IN ORGANIZATION'S PROGRAMS. | $5,000 |
BURLINGTON CHRISTIAN ACADEMY PURPOSE: TO AID IN ORGANIZATION'S PROGRAMS. | $15,000 |
ELON UNIVERSITY PURPOSE: EDUCATION AND TO FUND SCHOLARSHIPS. | $25,000 |
NC MARINE & ESTUARY FOUNDATION PURPOSE: TO AID IN ORGANIZATION'S PROGRAMS. | $30,000 |
NC STATE VETERINARY MEDICAL FOUNDATION PURPOSE: EDUCATION AND TO FUND SCHOLARSHIPS. | $25,000 |