Realtor Foundation Of Wake County
- Assets
- $524.2k
- Revenue
- $403.8k
- Investments
- $225.9k
- Employees
- 0
- Location
- Cary, NC
- Founding
- 06/2009
- Data as of
- 12/2022
- EIN
- 26-1716740
Organization Overview
Realtor Foundation Of Wake County is located in Cary, NC. The organization was established in 2009. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Realtor Foundation Of Wake County 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, Realtor Foundation Of Wake County generated $403.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.6% each year . All expenses for the organization totaled $230.9k during the year ending 12/2022. While expenses have increased by 19.8% per year over the past 6 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.
Since 2016, Realtor Foundation Of Wake County has awarded 52 individual grants totaling $228,649. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
REALTOR FOUNDATION OF WAKE COUNTY PROVIDED COMMUNITY GRANTS TO LOCAL ORGANIZATIONS WORKING TO EMPOWER AND PROVIDE RELIEF TO INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS OR LIFE CHALLENGES IMPACTING THE QUALITY AND STABILITY OF THEIR HOUSING.
REALTOR FOUNDATION OF WAKE COUNTY SPONSORS AN ANGEL TREE HOLIDAY GIVING PROGRAM THAT ALLOWS REALTORS AND THE PUBLIC TO MAKE MONETARY DONATIONS FOR HOLIDAY GIFTS TO CHILDREN IN THE COMMUNITY THROUGH FRIENDS OF WAKE COUNTY GUARDIAN AD LITEM.
REALTOR FOUNDATION OF WAKE COUNTY ADOPTED AND FURNISHED APARTMENTS FOR INDIVIDUALS AND FAMILIES IN NEED OF STABLE AND SECURE HOUSING. IN ADDITION THE FOUNDATION PROVIDED AMENITIES AND FURNTIURE IN PARTNERSHIP WITH OTHER LOCAL NONPROFITS.
REALTOR FOUNDATION OF WAKE COUNTY RECEIVED AND DISBURSED FUNDS FOR THE COOLING WAKE PROJECT OF WAKE COUNTY HUMAN SERVICES TO PROVIDE COOLING UNITS TO WAKE COUNTY SENIORS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Fowler Director | 5 | $0 | |
David Phillips Ceo/ex Offic | 5 | $0 | |
Heather Thompson Executive Di | 40 | $0 | |
Heather Gool President | 5 | $0 | |
Daniel Harmon Treasurer | 2 | $0 | |
Kevin Woody President El | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $364,632 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,496 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,228 |
| Capital Gain Net Income | $1,228 |
| Net ST Capital Gain | $1,228 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,431 |
| Total Revenue | $403,787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,026 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $530 |
| Printing and publications | $26,421 |
| Other expenses | $44,245 |
| Total operating and administrative expenses | $77,722 |
| Contributions, gifts, grants paid | $153,145 |
| Total expenses and disbursements | $230,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $282,523 |
| Net Accounts receivable | $347 |
| Net Pledges Receivable | $0 |
| Grants receivable | $15,000 |
| 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 | $524,241 |
| Accounts payable and accrued expenses | $1,979 |
| 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 | $1,979 |
Grants Awarded
Over the last fiscal year, Realtor Foundation Of Wake County has awarded $153,145 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
THE CARYING PLACE PURPOSE: TRANSITIONAL HOUSING | $28,950 |
Raleigh, NC PURPOSE: FOSTER CARE TRANSITION | $25,000 |
THE WOMEN'S CENTER PURPOSE: CRISIS INTERVENTION & HOUSING | $25,000 |
FAMILIES TOGETHER PURPOSE: TRANSITIONAL HOUSING | $13,500 |
CASA PURPOSE: AFFORDABLE HOUSING | $10,550 |
FRIENDS OF THE WAKE COUNTY GAL PURPOSE: CHILD SERVICES | $10,145 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Realtor Foundation Of Wake County has recieved totaling $17,790.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $8,895 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $8,895 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consumer Credit Union Greeneville, TN | $557,161,210 | $15,832,085 |
Consumer Education Services Inc Raleigh, NC | $23,360,630 | $7,529,671 |
Housing Consultants Group Greensboro, NC | $1,106,215 | $2,683,425 |
Motley Fool Foundation Alexandria, VA | $13,206,539 | $15,812,396 |
Financial Pathways Of The Piedmont Inc Winstonsalem, NC | $1,642,751 | $1,849,365 |
Consumer Credit Counseling Service Of Western North Carolina Inc Asheville, NC | $2,015,987 | $1,072,793 |
Consumer Credit Insurance Association Rocky Mount, NC | $1,066,199 | $942,381 |
American Financial Education Alliance Charlotte, NC | $225,082 | $614,339 |
D&e A Financial Education And Training Institute Inc East Point, GA | $953,735 | $847,505 |
Level Up 700 Incorporated Atlanta, GA | $69,929 | $257,513 |
Consumer Credit Counseling Service Of The Savannah Area Inc Savannah, GA | $1,147,306 | $564,336 |
Increasing H O P E North Charleston, SC | $127,870 | $448,680 |