Doug And Elizabeth Townsend Privatefoundation
- Assets
- $12.4k
- Revenue
- $93.0k
- Investments
- $11.9k
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 20-8328218
Organization Overview
Doug And Elizabeth Townsend Privatefoundation is located in Greensboro, NC. The organization was established in 2009. 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. Doug And Elizabeth Townsend Privatefoundation 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, Doug And Elizabeth Townsend Privatefoundation generated $93.0k in total revenue. All expenses for the organization totaled $100.8k during the year ending 12/2022. While expenses have increased by 175.2% per year over the past 5 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $95,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $394 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,105 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $669 |
| Total Revenue | $92,958 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $170 |
| Total operating and administrative expenses | $835 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $100,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469 |
| 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 | $11,918 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,387 |
| 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, Doug And Elizabeth Townsend Privatefoundation has awarded $45,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE NORTH CAROLINA COMMUNITY FOUNDATION PURPOSE: PROGRAM SUPPORT | $2,500 |
CARTERET COMMUNITY COLLEGE FOUNDATION PURPOSE: GENERAL OPERATIONS | $42,500 |