Southwest Renewal Foundation Of High Point
- Assets
- $705.2k
- Revenue
- $134.1k
- Investments
- $0.0
- Employees
- 1
- Location
- High Point, NC
- Founding
- 04/2012
- Data as of
- 06/2021
- 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 06/2021, Southwest Renewal Foundation Of High Point generated $134.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $59.0k during the year ending 06/2021. 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
2021
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 | 30 | $26,400 |
Revon Johnson Vice Chair | OfficerTrustee | 0.5 | $0 |
Dorothy Kearns Co-Chair | OfficerTrustee | 0.5 | $0 |
Rev Tanny Wright 2nd Vice Cha | OfficerTrustee | 0.25 | $0 |
Tony Collins Co-Chair | OfficerTrustee | 0.5 | $0 |
Annette Cox Secretary/tr | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,366 |
| Investment income | $800 |
| 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 | $134,089 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,459 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $297 |
| Advertising and promotion | $133 |
| Office expenses | $1,203 |
| 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 | $399 |
| All other expenses | $0 |
| Total functional expenses | $58,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,099 |
| Savings and temporary cash investments | $290,822 |
| Pledges and grants receivable | $256,250 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,535 |
| Total assets | $705,206 |
| Accounts payable and accrued expenses | $374 |
| 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 | $153 |
| Total liabilities | $527 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $704,679 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Southwest Renewal Foundation Of High Point has recieved totaling $41,118.
| Awarding Organization | Amount |
|---|---|
Marion Stedman Covington Foundation North Carolina Trust Co Ttee Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $12,000 |
Marion Stedman Covington Foundation North Carolina Trust Co Ttee Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $12,000 |
United Arts Council Of Greater Greensboro Inc Greensboro, NC PURPOSE: RELIEF & CARES SUPPORT | $8,559 |
United Arts Council Of Greater Greensboro Inc Greensboro, NC PURPOSE: RELIEF & CARES SUPPORT | $8,559 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
The Lodges At Banning Mills Retreat And Conservation Center Inc Whitesburg, GA | $8,373,902 | $8,117,551 |
Association For The Preservation Of Virginia Antiquities Richmond, VA | $27,559,744 | $5,571,617 |
Robert E Lee Memorial Association Stratford, VA | $32,464,208 | $3,400,673 |
Atlanta Beltline Partnership Inc Atlanta, GA | $54,208,865 | $38,882,931 |
Historic Charleston Foundation Charleston, SC | $32,935,368 | $6,777,038 |
B J Palmer Historic Home Foundation Inc Marietta, GA | $0 | $2,223,386 |
Georgia Trust For Historic Preservation Inc Atlanta, GA | $16,904,162 | $2,663,570 |
Jamestown Yorktown Foundation Inc Williamsburg, VA | $25,575,167 | $1,395,250 |
Omohundro Institute Of Early American History And Culture Williamsburg, VA | $24,007,466 | $7,241,259 |