Boddie-Noell Foundation
- Assets
- $6.3m
- Revenue
- $300.0k
- Investments
- $6.2m
- Employees
- 0
- Location
- Rocky Mount, NC
- Founding
- 07/2005
- Data as of
- 12/2023
- EIN
- 20-1897695
Organization Overview
Boddie-Noell Foundation is located in Rocky Mount, NC. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Boddie-Noell 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 12/2023, Boddie-Noell Foundation generated $300.0k 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 (14.3%) each year. All expenses for the organization totaled $375.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Boddie-Noell Foundation has awarded 162 individual grants totaling $1,103,646. 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 |
|---|---|---|---|
William L Boddie President And Director | 1 | $0 | |
Michael H Hancock Vice President And Directo | 1 | $0 | |
Pamela Larimer Secretary And Treasurer | 1 | $0 | |
Douglas E Anderson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $785 |
| Dividends & Interest | $228,001 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,185 |
| Capital Gain Net Income | $71,185 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $299,971 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $394 |
| Taxes | $6,921 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,214 |
| Total operating and administrative expenses | $53,887 |
| Contributions, gifts, grants paid | $321,436 |
| Total expenses and disbursements | $375,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,094 |
| Savings and temporary cash investments | $36,441 |
| 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 | $6,201,185 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,436 |
| Total assets | $6,287,156 |
| 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, Boddie-Noell Foundation has awarded $321,436 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE | $1,000 |
AMERICAN RED CROSS PURPOSE: CHARITABLE | $15,000 |
BOYS AND GIRLS CLUB OF THE TAR RIVER REGION PURPOSE: CHARITABLE | $2,000 |
BOYS AND GIRLS HOMES OF NORTH CAROLINA PURPOSE: CHARITABLE | $2,000 |
CAPSTONE FOUNDATION PURPOSE: CHARITABLE | $2,500 |
CAROLINA GATEWAY PARTNERSHIP PURPOSE: CHARITABLE | $10,000 |