Neal Foundation Tr Agreement Ua 01062005
- Assets
- $147.0k
- Revenue
- $145.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Morehead City, NC
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 20-6400507
Organization Overview
Neal Foundation Tr Agreement Ua 01062005 is located in Morehead City, NC. The organization was established in 2005. 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. Neal Foundation Tr Agreement Ua 01062005 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 12/2021, Neal Foundation Tr Agreement Ua 01062005 generated $145.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $21.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (55.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO MOREHEAD CITY-BEAUFORT ELKS LODGE 1710: AID TO VETERANS AND MORE CHARITABLE WORK.
GRANTS TO PET ADOPTION & WELFARE SOCIETY OF CARTERET: ANIMAL RESCUE AND ADOPTION.
CRICKET II PROJECT: DISABLED VETERANS FISHING TRIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Youraine Trustee | 8 | $2,700 | |
Kent C Neal Trustee | 8 | $0 | |
Joseph W Neal Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $145,448 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $145,448 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $120 |
| Printing and publications | $80 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,900 |
| Contributions, gifts, grants paid | $18,500 |
| Total expenses and disbursements | $21,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,025 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $147,025 |
| 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, Neal Foundation Tr Agreement Ua 01062005 has awarded $18,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MOREHEAD CITY-BEAUFORT ELKS LODGE PURPOSE: VETERANS AID/OTHER CHARITABLE CAUSES | $13,500 |
Morehead City, NC PURPOSE: ANIMAL RESCUE & ADOPTION | $3,000 |
SPECIAL FORCES ASSN PURPOSE: FUNDING DEMOSTRATIONS | $1,000 |
CRICKET II PROJECT PURPOSE: DISABLED VETERANS FISHING TRIPS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Darnall W Boyd Foundation Inc Columbia, SC | $0 | $6,239,520 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Spring Foundation Inc Atlanta, GA | $104,160,284 | -$7,184,259 |
The Williams Brice Edwards Charitable Trust Sumter, SC | $57,951,375 | $6,028,487 |
The Scott Hudgens Family Foundation Inc Duluth, GA | $0 | $7,703,530 |