Selembo Foundation
- Assets
- $335.0k
- Revenue
- $21.1k
- Investments
- $318.7k
- Employees
- 0
- Location
- Matthews, NC
- Founding
- 07/2014
- Data as of
- 11/2023
- EIN
- 46-4323937
Organization Overview
Selembo Foundation is located in Matthews, NC. The organization was established in 2014. According to its NTEE Classification (X01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Selembo 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 11/2023, Selembo Foundation generated $21.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $19.4k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Selembo Foundation has awarded 44 individual grants totaling $121,091. 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 |
|---|---|---|---|
George Selembo President | 0 | $0 | |
Priscilla Selembo Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,364 |
| Interest on Savings | $25 |
| Dividends & Interest | $7,976 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,774 |
| Capital Gain Net Income | $3,549 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,139 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $151 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,028 |
| Total operating and administrative expenses | $18,331 |
| Contributions, gifts, grants paid | $1,025 |
| Total expenses and disbursements | $19,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,751 |
| Savings and temporary cash investments | $6,566 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $335,041 |
| 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, Selembo Foundation has awarded $7,796 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LEVINE MIDDLE PURPOSE: GENERAL FUND | $200 |
LAFAYETTE COLLEGE ENFINEERING PURPOSE: GENERAL FUND | $1,050 |
WORLD OF GOD PURPOSE: HAITI SCHOLARSHIP | $1,920 |
CHARLOTTE CATHOLIC HIGH SCHOOL PURPOSE: GENERAL FUND | $100 |
WOFFORD COLLEGE PURPOSE: GENERAL FUND | $500 |
SAMARITAN'S FEET PURPOSE: GENERAL FUND | $2,926 |