Southwest Renewal Foundation Of High Point
- Assets
- $957.5k
- Revenue
- $398.6k
- Investments
- $0.0
- Employees
- 1
- Location
- High Point, NC
- Founding
- 04/2012
- Data as of
- 06/2023
- EIN
- 45-4840804
Organization Overview
Southwest Renewal Foundation Of High Point is located in High Point, NC. The organization was established in 2012. 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. Southwest Renewal Foundation Of High Point 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 06/2023, Southwest Renewal Foundation Of High Point generated $398.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $318.2k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS CREATED TO CHANGE AN AREA IN THE CITY OF HIGH POINT WITH SEVERE INDUSTRIAL DECLINE. THE GOAL IS TO RENEW THE CITY TO A PLACE OF BEAUTY, ENCOURAGE ECONOMIC GROWTH, CLEAN UP PUBLIC GREEN SPACES AND CREATE A BETTER QUALITY OF LIFE FOR ITS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC AND INNER CITY REVITALIZATION IS THE FOCUS OF THE FOUNDATION. A GREENWAY STUDY IS BEING CONDUCTED TO INCREASE PUBLIC GREEN SPACE IN THE CITY. PUBLIC ART PROJECTS ARE BEING INSTALLED TO PROMOTE THE ARTS. HISTORIC PRESERVATION IS PROMOTING DOWNTOWN RESIDENCES, OFFICES AND WORK SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Darr Executive Di | Officer | 40 | $63,500 |
Tony Collins Chair | OfficerTrustee | 0.5 | $0 |
Revon Johnson Co-Vice-Chai | OfficerTrustee | 0.5 | $0 |
Rev Tanny Wright Co-Vice-Chai | OfficerTrustee | 0.5 | $0 |
Annette Cox Secretary/tr | OfficerTrustee | 0.5 | $0 |
Dorothy Kearns Bd Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $337,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,609 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $397,109 |
| Total Program Service Revenue | $0 |
| Investment income | $1,456 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $398,565 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,500 |
| Compensation of current officers, directors, key employees. | $22,225 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,387 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,139 |
| Office expenses | $4,250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $675 |
| All other expenses | $33,822 |
| Total functional expenses | $318,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,487 |
| Savings and temporary cash investments | $362,074 |
| Pledges and grants receivable | $125,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $232,980 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $957,541 |
| Accounts payable and accrued expenses | $9,135 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,776 |
| Total liabilities | $10,911 |
| Net assets without donor restrictions | $431,014 |
| Net assets with donor restrictions | $515,616 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $957,541 |