Rudisill Family Foundation
- Assets
- $5.0m
- Revenue
- $804.9k
- Investments
- $4.7m
- Employees
- 0
- Location
- Wrightsville Beach, NC
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 20-4877778
Organization Overview
Rudisill Family Foundation is located in Wrightsville Beach, NC. The organization was established in 2007. 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. Rudisill 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, Rudisill Family Foundation generated $804.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $336.3k during the year ending 12/2022. While expenses have increased by 7.4% per year over the past 8 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 2014, Rudisill Family Foundation has awarded 236 individual grants totaling $1,751,114. 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 |
|---|---|---|---|
Deborah Brown Rudisill Trustee | 1 | $0 | |
William Garrison Rudisill Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $253,146 |
| Interest on Savings | $2,113 |
| Dividends & Interest | $122,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $400,098 |
| Capital Gain Net Income | $354,613 |
| Net ST Capital Gain | $7,389 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,354 |
| Total Revenue | $804,862 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,661 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $50,185 |
| Contributions, gifts, grants paid | $286,084 |
| Total expenses and disbursements | $336,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $346,369 |
| 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 | $650,805 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,044,305 |
| Accounts payable and accrued expenses | $22,500 |
| 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 | $22,500 |
Grants Awarded
Over the last fiscal year, Rudisill Family Foundation has awarded $286,084 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
NEW HANOVER REGIONAL MEDICAL FOUNDA PURPOSE: GENERAL FUND | $75,000 |
THE CAROUSEL CENTER PURPOSE: GENERAL FUND | $12,500 |
CAPE FEAR COMMUNITY COLLEGE FOUNDAT PURPOSE: GENERAL FUND | $5,000 |
BRIGADE BOYS AND GIRLS CLUB PURPOSE: GENERAL FUND | $20,000 |
GOOD FRIENDS OF WILMINGTON PURPOSE: GENERAL FUND | $1,500 |
CAPE FEAR COUNCIL -BOY SCOUTS OF AM PURPOSE: GENERAL FUND | $1,000 |