The@w Duke Kimbrell Family Foundation
- Assets
- $99.0m
- Revenue
- $66.0m
- Investments
- $86.1m
- Employees
- 0
- Location
- Gastonia, NC
- Founding
- 11/2005
- Data as of
- 12/2022
- EIN
- 20-3390787
Organization Overview
The@w Duke Kimbrell Family Foundation is located in Gastonia, NC. The organization was established in 2005. 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. The@w Duke Kimbrell Family 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 12/2022, The@w Duke Kimbrell Family Foundation generated $66.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 52.9% each year . All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 54.5% 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 2016, The@w Duke Kimbrell Family Foundation has awarded 23 individual grants totaling $9,733,175. 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 |
|---|---|---|---|
Julia B Singh Foundation Dir | 5 | $15,000 | |
Pamela K Warlick Family Director | 0 | $0 | |
Shepard K Halsch Family Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $64,050,954 |
| Interest on Savings | $0 |
| Dividends & Interest | $867,938 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,076,174 |
| Capital Gain Net Income | $1,076,174 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,923 |
| Total Revenue | $66,030,989 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54,042 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $165,168 |
| Contributions, gifts, grants paid | $2,582,393 |
| Total expenses and disbursements | $2,747,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,844,538 |
| 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 | $9,283,342 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $98,955,662 |
| 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@w Duke Kimbrell Family Foundation has awarded $2,582,393 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GASTON DAY SCHOOL PURPOSE: TAX EXEMPT EDUCATIONAL PURPOSE OF THE SCHOOL | $220,495 |
GASTON COMMUNITY FOUNDATION PURPOSE: EXEMPT CHARITABLE PURPOSE OF THE ORGANIZATION | $1,623,565 |
GASTON COLLEGE FOUNDATION PURPOSE: TAX EXEMPT EDUCATIONAL PURPOSE OF THE ORGANIZATION | $333,333 |
WOODS SERVICES PURPOSE: GENERAL TAX EXEMPT PURPOSE OF THE ORGANIZATION | $5,000 |
CAROLINA THREAD TRAIL PURPOSE: GENERAL TAX EXEMPT PURPOSE OF THE ORGANIZATION | $50,000 |
BEYOND BOUNDARIES CHILDRENS FOUNDAT PURPOSE: TAX EXEMPT EDUCATIONAL PURPOSE OF THE ORGANIZATION | $350,000 |