Erwin Bellamy Mcmerty Foundation
- Assets
- $3.9m
- Revenue
- $1.2m
- Investments
- $3.2m
- Employees
- 0
- Location
- Winnabow, NC
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 26-3497338
Organization Overview
Erwin Bellamy Mcmerty Foundation is located in Winnabow, NC. The organization was established in 2009. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Erwin Bellamy Mcmerty 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 12/2022, Erwin Bellamy Mcmerty Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.9% each year . All expenses for the organization totaled $168.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah B Mcmerty Director | 1 | $0 | |
Brian J Mcmerty Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,417 |
| Dividends & Interest | $172,793 |
| Net Rental Income | -$40,750 |
| Net Gain on Sale of Assets | $993,063 |
| Capital Gain Net Income | $993,063 |
| Net ST Capital Gain | $17,686 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,843 |
| Total Revenue | $1,180,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,620 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $299 |
| Total operating and administrative expenses | $24,681 |
| Contributions, gifts, grants paid | $144,025 |
| Total expenses and disbursements | $168,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $614,851 |
| 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 | $1,689,480 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,853,828 |
| 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 |