Byrne Foundation Inc
- Assets
- $1.4m
- Revenue
- $8.4k
- Investments
- $1.3m
- Employees
- 0
- Location
- Cary, NC
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-1553948
Organization Overview
Byrne Foundation Inc is located in Cary, NC. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Byrne Foundation Inc 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, Byrne Foundation Inc generated $8.4k 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 (14.4%) each year. All expenses for the organization totaled $130.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Byrne Foundation Inc has awarded 53 individual grants totaling $602,070. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard J Byrne President | 0.5 | $0 | |
Sandra Offnick-Byrne Vice President | 0.5 | $0 | |
James Mortenson Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $358 |
| Dividends & Interest | $31,564 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$23,565 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,668 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,293 |
| Contributions, gifts, grants paid | $120,000 |
| Total expenses and disbursements | $130,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,712 |
| 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 | $1,159,242 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,377,404 |
| 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 |
Grants Awarded
Over the last fiscal year, Byrne Foundation Inc has awarded $120,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
THE CARYING PLACE PURPOSE: ANNUAL APPEAL, AUCTION ETC. | $30,000 |
CROHN'S COLITIS FOUNDATION OF AMERI PURPOSE: RESEARCH FUNDING | $35,000 |
YMCA PURPOSE: WE BUILD PEOPLE CAMPAIGN | $15,000 |
TROSA PURPOSE: GENERAL USE | $7,500 |
WRIGHTSVILLE BEACH VOLUNTEER FIRE D PURPOSE: GENERAL OPERATING FUND | $5,000 |
SECOND CHANCE PET ADOPTION PURPOSE: GENERAL OPERATING FUND | $5,000 |