Byron Fellowship Educational Foundation Inc
- Assets
- $1.2m
- Revenue
- $339.5k
- Investments
- $918.2k
- Employees
- 0
- Location
- Weddington, NC
- Founding
- 02/2005
- Data as of
- 12/2022
- EIN
- 20-1446511
Organization Overview
Byron Fellowship Educational Foundation Inc is located in Weddington, NC. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Byron Fellowship Educational 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, Byron Fellowship Educational Foundation Inc generated $339.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $126.0k during the year ending 12/2022. While expenses have increased by 10.6% per year over the past 7 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, Byron Fellowship Educational Foundation Inc has awarded 27 individual grants totaling $221,121. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE AND CONDUCT EDUCATION EVENTS DESIGNED TO EDUCATE THE LEADERS OF AN EMERGING GENERATION ON TOPICS CONCERNING SUSTAINABLE DEVELOPMENT AND/OR SUSTAINABLE COMMUNITIES.
TO ORGANIZE AND CONDUCT EDUCATION EVENTS DESIGNED TO INCREASE THE PUBLIC'S ACTIVE PARTICIPATION IN LOCAL FOODWAYS IN ORDER TO ENHANCE THE SUSTAINABILITY AND RESILIENCE OF THEIR REGION.
TO ORGANIZE AND CONDUCT EDUCATION EVENTS DESIGNED TO EDUCATE YOUTH MUSICIANS ON TOPICS OF ENHANCED MUSICAL ABILITIES AND ADVANCEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark W Boyce Director | 0 | $0 | |
Jill M Boyce Director | 0 | $0 | |
Brian J Tuohy Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $44,610 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,062 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $339,548 |
| 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 | $61,200 |
| Printing and publications | $0 |
| Other expenses | $49,422 |
| Total operating and administrative expenses | $112,307 |
| Contributions, gifts, grants paid | $13,650 |
| Total expenses and disbursements | $125,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,286 |
| 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 | $918,234 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,248,520 |
| 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, Byron Fellowship Educational Foundation Inc has awarded $13,650 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FURMAN UNIVERSITY PURPOSE: EDUCATION | $2,500 |
UNC ASHVILLE PURPOSE: EDUCATION | $6,000 |
PENN STATE UNIVERSITY PURPOSE: EDUCATION | $2,500 |
WAKE FOREST UNIVERSITY PURPOSE: EDUCATION | $2,650 |