Mount Eagle Foundation
- Assets
- $1.5m
- Revenue
- -$132.1k
- Investments
- $634.5k
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 27-5292009
Organization Overview
Mount Eagle Foundation is located in Winstonsalem, NC. The organization was established in 2011. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Eagle 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 12/2023, Mount Eagle Foundation generated -$132.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $60.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE MISSION OF MOUNT EAGLE COLLEGE AND INSTITUTE BY PROVIDING FINANCIAL ASSISTANCE TO STUDENTS THROUGH SCHOLARSHIPS, WHILE ADDRESSING THE TECHNOLOGY AND EQUIPMENT TRAINING NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE MISSION OF MOUNT EAGLE COLLEGE AND INSTITUTE BY PROVIDING FINANCIAL ASSISTANCE TO STUDENTS THROUGH SCHOLARSHIPS, WHILE ADDRESSING THE TECHNOLOGY AND EQUIPMENT TRAINING NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Shallua Executive Di | 1 | $15,000 | |
Timothy Flavin Director | 1 | $0 | |
Jennifer Willard Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,258 |
| Dividends & Interest | $26,952 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$169,319 |
| Capital Gain Net Income | $3,264 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$132,109 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,148 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,483 |
| Total operating and administrative expenses | $45,378 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $60,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,251 |
| Savings and temporary cash investments | $850,000 |
| 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 | $1,544,780 |
| 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 | $60,815 |
| Other liabilities | $100 |
| Total liabilities | $60,915 |