North State Foundation Inc
- Assets
- $1.2m
- Revenue
- $139.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Smithfield, NC
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 26-1986674
Organization Overview
North State Foundation Inc is located in Smithfield, NC. The organization was established in 2008. 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. North State Foundation Inc 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, North State Foundation Inc generated $139.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $91.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, North State Foundation Inc has awarded 142 individual grants totaling $358,600. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olivia B Holding President | 0.5 | $0 | |
Carson H Brice Secretary | 0.5 | $0 | |
Hope H Bryant Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,277 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $118,663 |
| Capital Gain Net Income | $118,663 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $139,940 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,533 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,858 |
| Total operating and administrative expenses | $17,491 |
| Contributions, gifts, grants paid | $73,500 |
| Total expenses and disbursements | $90,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,631 |
| 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 | $1,222,106 |
| 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, North State Foundation Inc has awarded $73,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CONTEMPORARY ART FOUNDATION PURPOSE: PROMOTE THE ARTS THROUGH EDUCATION, OUTREACH AND INV | $2,000 |
ELON UNIVERSITY PURPOSE: GENERAL SUPPORT | $2,500 |
ENVIRONMENTAL DEFENSE FUND PURPOSE: PROMOTE AWARENESS OF AND FUND RESEARCH RELATING TO ENVIRONMENT | $5,000 |
FAITH MISSIONARY BAPTIST CHURCH PURPOSE: GENERAL SUPPORT | $2,000 |
GIRL SCOUTS - NORTH CAROLINA COASTAL PINES PURPOSE: GENERAL SUPPORT | $5,000 |
NC MUSEUM OF ART FOUNDATION PURPOSE: PROMOTE ART AWARENESS | $1,000 |