Bo H Holmgreen Foundation
- Assets
- $2.8m
- Revenue
- $349.4k
- Investments
- $1.9m
- Employees
- 0
- Location
- Cary, NC
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-1569876
Organization Overview
Bo H Holmgreen Foundation is located in Cary, NC. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bo H Holmgreen 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 12/2022, Bo H Holmgreen Foundation generated $349.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $898.1k during the year ending 12/2022. While expenses have increased by 23.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bo H Holmgreen Director | 1 | $0 | |
Elizabeth M Holmgreen Director | 1 | $0 | |
Turid Z Kaehny Director | 1 | $50,738 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,741 |
| Dividends & Interest | $60,400 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $287,210 |
| Capital Gain Net Income | $287,210 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $349,351 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,738 |
| Other employee salaries and wages | $33,223 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54,040 |
| Depreciation | $0 |
| Occupancy | $98,500 |
| Travel, conferences, and meetings | $353,400 |
| Printing and publications | $0 |
| Other expenses | $2,637 |
| Total operating and administrative expenses | $621,028 |
| Contributions, gifts, grants paid | $277,066 |
| Total expenses and disbursements | $898,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3 |
| Savings and temporary cash investments | $574,824 |
| Net Accounts receivable | $263,549 |
| 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 | $1,943,227 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,781,603 |
| Accounts payable and accrued expenses | $47,223 |
| 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 | $47,223 |
Grants Awarded
Over the last fiscal year, Bo H Holmgreen Foundation has awarded $277,066 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARS OF SUSTENANCE INDONESIA - SOS BALI PURPOSE: HUNGER-RELIEF AND SCHOLARSHIP ASSISTANCE ORGANIZATION CREATED TO FACILITATE THE RECYCLING OF WASTED HOSPITALITY FOOD IN UNDERDEVELOPED AREAS AND THE FUNDING OF SCHOLARSHIPS FOR IMPOVERISHED STUDENTS. | $181,909 |
PLASTIK DETOX PURPOSE: TO AID IN COLLECTING PLASTIC GARBAGE & LITTER AND TO PAY AND FEED THE LOCALS TO COLLECT IT WHERE IT IS LATER SOLD TO A RECYCYLING COMPANY. | $3,982 |
YMCA CANCER DRIVE PURPOSE: TO AID IN THE PROGRAM'S FOCUS OF AIDING CANCER SURVIVORS AND CONTRIBUTION TO CONTINUED RESEARCH. | $20,000 |
SCHOLARS OF SUSTENANCE THAILAND - SOS BANGKOK PURPOSE: HUNGER-RELIEF AND SCHOLARSHIP ASSISTANCE ORGANIZATION CREATED TO FACILITATE THE RECYCLING OF WASTED HOSPITALITY FOOD IN UNDERDEVELOPED AREAS AND THE FUNDING OF SCHOLARSHIPS FOR IMPOVERISHED STUDENTS. | $71,175 |