Micah 68 Foundation
- Assets
- $277.4k
- Revenue
- $34.1k
- Investments
- $277.4k
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 05/2007
- Data as of
- 12/2018
- EIN
- 20-5926405
Organization Overview
Micah 68 Foundation is located in Chapel Hill, 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.
For the year ending 12/2018, Micah 68 Foundation generated $34.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $23.3k during the year ending 12/2018. While expenses have increased by 1.8% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Lou Melville MD President/secretary | 0.5 | $0 | |
August Paul Gugelmann Vice President | 0.25 | $0 | |
Hallam Melville Gugelmann Treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,268 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,875 |
| Capital Gain Net Income | $24,875 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,143 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $759 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,291 |
| Contributions, gifts, grants paid | $21,000 |
| Total expenses and disbursements | $23,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $277,351 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $277,351 |
| 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 |