Trade Family Foundation
- Assets
- $4.9m
- Revenue
- $400.1k
- Investments
- $4.8m
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 20-5940392
Organization Overview
Trade Family Foundation is located in Greenville, NC. The organization was established in 2009. 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. Trade 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 12/2023, Trade Family Foundation generated $400.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $296.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Trade Family Foundation has awarded 586 individual grants totaling $3,404,009. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EAST CAROLINA UNIVERSITY, GREENVILLE, NC-DISTRIBUTING CONTRIBUTIONS WERE MADE TO THE PRIMARY UNIVERSITY FOUNDATION. THE UNIVERSITY IS A STATE SUPPORTED PUBLIC,COEDUCATIONAL INSTITUTION OF APPROXIMATELY 29,000 STUDENTS INCLUDING UNDER GRADUATE AND POST GRADUATE STUDENTS.
EAST CAROLINA UNIVERSITY, GREENVILLE, NC-DISTRIBUTING CONTRIBUTIONS WERE MADE TO THE MEDICAL AND HEALTH SCIENCES FOUNDATION. THE UNIVERSITY IS A STATE SUPPORTED PUBLIC, COEDUCATIONAL INSTITUTION OF APPROXIMATELY 29,000 STUDENTS INCLUDING UNDER GRADUATE AND POST GRADUATE STUDENTS.
PITT COMMUNITY COLLEGE FOUNDATION - THE PITT COMMUNITY COLLEGE FOUNDATION DEVELOPS PARTNERSHIPS AND SECURES RESOURCES TO SUPPORT THE MISSION OF PITT COMMUNITY COLLEGE AND THE SUCCESS OF ITS STUDENTS.
COMMUNITY FOUNDATION OF NC EAST SUPPORTS THE GROWTH OF WILDWOOD PARK WHICH WILL OFFER FAMILIES FROM THE REGION AWESOME OUTDOOR OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice President | 0 | $0 | |
Name Not Listed President | 0 | $0 | |
Name Not Listed Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $131,764 |
| Dividends & Interest | $82,254 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $186,061 |
| Capital Gain Net Income | $186,061 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $400,079 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $83,724 |
| Taxes | $2,958 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,362 |
| Total operating and administrative expenses | $88,044 |
| Contributions, gifts, grants paid | $208,535 |
| Total expenses and disbursements | $296,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,987 |
| Savings and temporary cash investments | $2,817 |
| 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 | $3,025,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,893,958 |
| 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 | $467,000 |
| Total liabilities | $467,000 |
Grants Awarded
Over the last fiscal year, Trade Family Foundation has awarded $208,535 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ECU EDUCATIONAL FOUNDATION PURPOSE: TO FURTHER THEIR ACTIVE PURPOSE. | $134,135 |
EAST CAROLINA VOCATIONAL CENTER PURPOSE: TO FURTHER THEIR ACTIVE PURPOSE. | $3,000 |
GREENVILLE LEARNING CENTER PURPOSE: TO FURTHER THEIR ACTIVE PURPOSE. | $1,200 |
IMMANUEL BAPTIST CHURCH PURPOSE: TO FURTHER THEIR ACTIVE PURPOSE. | $5,000 |
ECU MEDICAL & HEALTH SCIENCES FOUNDATION PURPOSE: TO FURTHER THEIR ACTIVE PURPOSE. | $50,000 |
YOUNG LIFE PURPOSE: TO FURTHER THEIR ACTIVE PURPOSE. | $10,000 |