Owenoke Foundation
- Assets
- $13.5m
- Revenue
- $803.5k
- Investments
- $13.3m
- Employees
- 0
- Location
- Sheldon, SC
- Founding
- 06/1997
- Data as of
- 11/2021
- EIN
- 22-3483048
The information for Owenoke Foundation is as of the organization's most recent filing in November 2019. This organization is located in Sheldon, SC. It has been in existence for 22 years, following its founding in 1997.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Owenoke Foundation's NTEE code is T60. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "60" tells us that the organization is a Philanthropy, Voluntarism & Grantmaking Foundations. The NTEE describes Philanthropy, Voluntarism & Grantmaking Foundations as organizations that provide grants to other organizations or individuals, primarily for charitable purposes.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Grant History
Our dataset has six years of grant history for the Owenoke Foundation. In that time, they have awarded 182 grants, with an average check size of $16,758. The most commonly awarded sectors are Education (15), Human Services (11), and International, Foreign Affairs & National Security (10). The organization most frequently awards grants in the states of Connecticut (106), New York (12), North Carolina (17), and South Carolina (12). Grants have also been awarded in California (4), Oklahoma (6), Kansas (6), Pennsylvania (5), Maine (4), Ohio (1), and Alabama (1).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Runestad Secretary And Director | 0.25 | $0 | |
Avery Rockefeller III President And Director | 0.25 | $0 | |
Monica Rockefeller Director | 0.25 | $0 | |
Rodney Runestad Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $292,136 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $511,344 |
| Capital Gain Net Income | $511,344 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $803,480 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,271 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $112,695 |
| Contributions, gifts, grants paid | $650,000 |
| Total expenses and disbursements | $762,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,667 |
| Savings and temporary cash investments | $126,533 |
| 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 | $13,474,315 |
| 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, Owenoke Foundation has awarded $650,000 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
Durham, NC PURPOSE: GENERAL SUPPORT | $38,000 |
AMERICARES PURPOSE: GENERAL SUPPORT | $35,000 |
Elizabethtown, NY PURPOSE: GENERAL SUPPORT | $30,000 |
Charleston, SC PURPOSE: GENERAL SUPPORT | $28,000 |
CONNECTICUT CHILDREN'S MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $25,000 |
Durham, NC PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Virginia Bankers Association Group Benefits Trust Orlando, FL | $33,617,508 | $79,896,107 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Greater Miami Jewish Federation Miami, FL | $526,029,047 | $149,579,528 |
Equifax Inc Voluntary Employees Beneficiary Association Atlanta, GA | $1,590,024 | $67,285,463 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
The Miami Foundation Inc Miami, FL | $460,864,709 | $147,324,669 |
Mightycause Charitable Foundation Marianna, FL | $5,250,687 | $68,928,948 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |