Green River Foundation
- Assets
- $2.0m
- Revenue
- $12.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Rutherfordton, NC
- Founding
- 04/2014
- Data as of
- 12/2021
- EIN
- 46-0825151
Organization Overview
Green River Foundation is located in Rutherfordton, NC. The organization was established in 2014. According to its NTEE Classification (T19) the organization is classified as: Support 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. Green River 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 12/2021, Green River Foundation generated $12.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $23.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GREEN RIVER FOUNDATION IS TO RAISE AWARENESS AND FINANCIAL SUPPORT FOR LOCAL COMMUNITY BASED CHARITIES THROUGH VARIOUS FUNDRAISING INITIATIVES, PRESERVE AND EXPAND THE PHILANTHROPIC FOUNDATION OF A VOLUNTEER ORGANIZATION. THIS IS ACCOMPLISHED THROUGH CONTRIBUTIONS AND BY CONDUCTING EQUESTRIAN RELATED EVENTS. THE RESULTS WILL BE MUCH NEEDED FUNDS BEING DISTRIBUTED TO GROUPS AND CHARITIES IN THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREEN RIVER FOUNDATION MADE GREAT STRIDES IN RAISING AWARENESS AND FINANCIAL SUPPORT FOR THE LOCAL COMMUNITY. DONATIONS WERE MADE TO VARIOUS CHARITIES UTILIZING THE PUBLIC SUPPORT RECEIVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Smith President | OfficerTrustee | 2 | $0 |
Jennifer Smith Secretary/treasurer | OfficerTrustee | 2 | $0 |
Mark Bellissimo Vice President | OfficerTrustee | 2 | $0 |
Paige Bellissimo Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,630 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,630 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $12,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,000 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,000 |
| Fees for services: Legal | $1,235 |
| Fees for services: Accounting | $2,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6 |
| Information technology | $600 |
| 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 | $854 |
| All other expenses | $0 |
| Total functional expenses | $23,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,094 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,858,786 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,966,880 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,966,880 |
| Total liabilities and net assets/fund balances | $1,966,880 |
Grants Awarded
Over the last fiscal year, Green River Foundation has awarded $20,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL CONTRIBUTION | $5,000 |
New York, NY PURPOSE: GENERAL CONTRIBUTION | $5,000 |
Forest Hills, NY PURPOSE: GENERAL CONTRIBUTION | $5,000 |
NYC PARKS MOUNTED AUXILLARY UNIT INC PURPOSE: GENERAL CONTRIBUTION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Legacy Foundation Inc Alpharetta, GA | $14,855,718 | $2,174,948 |
The Mountain Retreat & Learning Center Inc Highlands, NC | $1,740,549 | $818,683 |
Porter-Leath Early Childhood Foundation Memphis, TN | $4,471,595 | $740,435 |
James E Campbell Family Foundation Jackson, TN | $6,664,595 | $546,657 |
George And Ann Swift Family Foundation Inc Columbus, GA | $3,389,376 | $55,861 |
Scott A And Phyllis P Crabtree Family Foundation Inc Alexandria, VA | $7,368,768 | $1,375,365 |
Live Love Nashville Hendersonville, TN | $159,041 | $253,375 |
The Temple On Greene Street Greensboro, NC | $2,097,973 | $122,739 |
Greater Works Foundation Columbia, SC | $6,011 | $0 |
Amelia And Michael Warner Foundation Inc Raleigh, NC | $1,017,456 | $131,518 |
Clarksville Association Of Realtors Spreading Our Support Foundation Clarksville, TN | $223,525 | $231,640 |
Sterling Hope Center Corporation Greenville, SC | $74,214 | $0 |