War Memorial Foundation
- Assets
- $46.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 07/2009
- EIN
- 26-2187703
Organization Overview
War Memorial Foundation is located in Greensboro, NC. The organization was established in 2009. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. War Memorial Foundation 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 undefined, War Memorial Foundation generated $46.8k 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 (7.8%) each year. All expenses for the organization totaled $52.3k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
Describe the Organization's Mission:
Part 3 - Line 1
THE WAR MEMORIAL FOUNDATION, INC. ("THE FOUNDATION"), WAS CHARTERED BY THE STATE OF NORTH CAROLINA IN 2009. THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR BENEVOLENT, HISTORIC AND EDUCATION PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT ALSO QUALIFY AS SECTION 501(C)(3) EXEMPT ORGANIZATIONS. THE FOUNDATION PURSUES PROJECTS THAT SPECIFICALLY HONOR THE SERVICE MEN AND WOMEN OF THE UNITED STATES ARMED FORCES AND THEIR FAMILIES. ALL FUNDS, WHETHER INCOME OR PRINCIPAL, AND WHETHER ACQUIRED BY GIFT OR CONTRIBUTION OR OTHERWISE, ARE DEVOTED TO SAID PURPOSE. THE FOUNDATION'S REVENUES ARE GENERATED FROM GRANTS, DONATIONS AND FUND RAISING ACTIVITIES. THE FOUNDATION WAS ORGANIZED FOR THE FOLLOWING PURPOSES: 1.THE WAR MEMORIAL FOUNDATION IS ORGANIZED EXCLUSIVELY FOR BENEVOLENT, HISTORIC AND EDUCATIONAL PURPOSES AND SHALL PURSUE PROJECTS THAT SPECIFICALLY HONOR THE SERVICE MEN AND WOMEN OF T
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WAR MEMORIAL FOUNDATION, INC. ("THE FOUNDATION"), WAS CHARTERED BY THE STATE OF NORTH CAROLINA IN 2009. THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR BENEVOLENT, HISTORIC AND EDUCATION PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT ALSO QUALIFY AS SECTION 501(C)(3) EXEMPT ORGANIZATIONS. THE FOUNDATION PURSUES PROJECTS THAT SPECIFICALLY HONOR THE SERVICE MEN AND WOMEN OF THE UNITED STATES ARMED FORCES AND THEIR FAMILIES. ALL FUNDS, WHETHER INCOME OR PRINCIPAL, AND WHETHER ACQUIRED BY GIFT OR CONTRIBUTION OR OTHERWISE, ARE DEVOTED TO SAID PURPOSE. THE FOUNDATION'S REVENUES ARE GENERATED FROM GRANTS, DONATIONS AND FUND RAISING ACTIVITIES. THE FOUNDATION WAS ORGANIZED FOR THE FOLLOWING PURPOSES: 1.THE WAR MEMORIAL FOUNDATION IS ORGANIZED EXCLUSIVELY FOR BENEVOLENT, HISTORIC AND EDUCATIONAL PURPOSES AND SHALL PURSUE PROJECTS THAT SPECIFICALLY HONOR THE SERVICE MEN AND WOMEN OF THE UNITED STATES ARMED FORCES AND THEIR FAMILIES. 2.TO DEVELOP AND CONSTRUCT THE CAROLINA FIELD OF HONOR IN THE TRIAD PARK TO OFFER RECREATION AND EDUCATION FOR THE TRIAD REGION. THE CAROLINA FIELD OF HONOR WILL CONSIST OF A PARADE DECK AND A MEMORIAL WITH A FOUNTAIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob O'hanlon Director | Trustee | $0 | |
Scott Matthews President | OfficerTrustee | $0 | |
George Ofanedes Treasurer | OfficerTrustee | $0 | |
Danny Bracken Vice Preside | OfficerTrustee | $0 | |
Tom Dayvault Director | Trustee | $0 | |
Dan Hood Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,832 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,832 |
| Statement of Expenses | |
|---|---|
| Total expenses | $52,280 |
| Balance Sheet | |
|---|---|
| Total assets | $46,289 |
| Total liabilities | $0 |
| Net assets or fund balances | $46,289 |