Bill And Sharon Allen Familyfoundation
- Assets
- $20.6m
- Revenue
- $2.0m
- Investments
- $20.2m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 20-5854617
Organization Overview
Bill And Sharon Allen Familyfoundation is located in Charlotte, NC. The organization was established in 2007. 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. Bill And Sharon Allen Familyfoundation 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, Bill And Sharon Allen Familyfoundation generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bill And Sharon Allen Familyfoundation has awarded 121 individual grants totaling $3,827,000. 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 |
|---|---|---|---|
Name Not Listed Trust Officer | 0 | $0 | |
Name Not Listed President/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,879 |
| Interest on Savings | $164,154 |
| Dividends & Interest | $281,383 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $847,218 |
| Capital Gain Net Income | $847,218 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $249,324 |
| Total Revenue | $2,042,958 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,936 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,235 |
| Total operating and administrative expenses | $233,291 |
| Contributions, gifts, grants paid | $1,067,000 |
| Total expenses and disbursements | $1,300,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $378,754 |
| 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 | $2,129,684 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,585,001 |
| 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, Bill And Sharon Allen Familyfoundation has awarded $1,067,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHT BLESSINGS PURPOSE: SUPPORT FOR HOMELESS CHILDREN | $20,000 |
ALEXANDER YOUTH NETWORK PURPOSE: CHILDREN'S BEHAVIORAL HEALTHCARE | $20,000 |
ARTS PLUS PURPOSE: ARTS EDUCATION ORGANIZATION | $270,000 |
CAROLINA THREAD TRAIL PURPOSE: ASSIST COMMUNITIES PLAN AND DEVELOP CONNECTING TRAILS IN A 15 COUNTY AREA SURROUNDING CHARLOTTE | $40,000 |
CHARLOTTE KNIGHTS CHARITIES PURPOSE: HEALTH, FITNESS, AND EDUCATION PROGRAMS | $30,000 |
CHARLOTTE SPEECH AND HEARING CENTER PURPOSE: SUPPORT SPEACH -LANGUAGE AND HEARING SERVICES TO THOSE IN NEED | $20,000 |