Live Oak Foundation Inc
- Assets
- $5.0m
- Revenue
- $1.1m
- Investments
- $4.7m
- Employees
- 0
- Location
- Sanford, NC
- Founding
- 01/2015
- Data as of
- 12/2022
- EIN
- 47-2805120
Organization Overview
Live Oak Foundation Inc is located in Sanford, NC. The organization was established in 2015. According to its NTEE Classification (A02) the organization is classified as: Management & Technical Assistance, 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. Live Oak 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, Live Oak Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 70.4% each year . All expenses for the organization totaled $273.3k during the year ending 12/2022. While expenses have increased by 19.1% per year over the past 4 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.
Since 2019, Live Oak Foundation Inc has awarded 43 individual grants totaling $783,019. 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 |
|---|---|---|---|
Oa Keller President | 1 | $0 | |
William Carter Keller Vice President | 1 | $0 | |
Rhonda R Woodall Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,307,698 |
| Interest on Savings | $40 |
| Dividends & Interest | $90,649 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$263,959 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,134,428 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,574 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,999 |
| Total operating and administrative expenses | $24,049 |
| Contributions, gifts, grants paid | $249,259 |
| Total expenses and disbursements | $273,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,428 |
| Savings and temporary cash investments | $53,497 |
| 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 | $240,357 |
| Other assets | $0 |
| Total assets | $5,000,521 |
| 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, Live Oak Foundation Inc has awarded $249,259 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKGREEN GARDEN PURPOSE: GENERAL SUPPORT | $1,000 |
BOYS & GIRLS CLUB PURPOSE: GENERAL SUPPORT | $5,000 |
CONSEQUENTIAL CHRISTIANITY PURPOSE: GENERAL SUPPORT | $162,759 |
CROSSNORE COMMUNITIES FOR CHILDREN PURPOSE: GENERAL SUPPORT | $1,000 |
LEE COUNTY EDUCATION FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
LEE COUNTY COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charleston Gaillard Management Corporation Charleston, SC | $8,796,063 | $11,938,678 |
National Arts Strategies Inc Alexandria, VA | $8,211,592 | $1,313,986 |
Live Oak Foundation Inc Sanford, NC | $5,000,521 | $1,134,428 |
Association Of Propasal Management Professionals Ashburn, VA | $58,375 | $0 |
Mccracken Kitty Kat Rescue Cleveland, TN | $37,645 | $0 |
Riddicks Folly Inc Suffolk, VA | $887,809 | $114,171 |
Lear Mentoring Inc Memphis, TN | $33,059 | $0 |
Union County Arts Council Inc Union, SC | $159,100 | $0 |
Creative Exchanges Initiative Inc Sylva, NC | $19,012 | $22,574 |
Greenhouse Ministries Inc Acworth, GA | $704 | $0 |
Latinas Rise Inc Peachtree Corners, GA | $0 | $0 |
Tak University Greensboro, NC | $0 | $0 |