Live Oak Foundation Inc
- Assets
- $4.7m
- Revenue
- $427.4k
- Investments
- $4.3m
- Employees
- 0
- Location
- Sanford, NC
- Founding
- 01/2015
- Data as of
- 12/2021
- 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 12/2021, Live Oak Foundation Inc generated $427.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $284.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Live Oak Foundation Inc has awarded 31 individual grants totaling $533,760. 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 | |
Rhonda R Woodall Director | 4 | $0 | |
William Carter Keller Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $171,000 |
| Interest on Savings | $4 |
| Dividends & Interest | $73,231 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $182,831 |
| Capital Gain Net Income | $182,831 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $375 |
| Total Revenue | $427,441 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,525 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,305 |
| Total operating and administrative expenses | $29,230 |
| Contributions, gifts, grants paid | $255,090 |
| Total expenses and disbursements | $284,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,031 |
| Savings and temporary cash investments | $112,450 |
| 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 | $4,704,664 |
| 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 $255,090 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CONSEQUENTIAL CHRISTIANITY PURPOSE: GENERAL SUPPORT | $110,000 |
ST FRANCIS ANGLICAN CHURCH PURPOSE: GENERAL SUPPORT | $60,000 |
YMCA OF THE TRIANGLE PURPOSE: GENERAL SUPPORT | $60,000 |
BOYS & GIRLS CLUB PURPOSE: GENERAL SUPPORT | $5,000 |
FRIENDS OF NC MARITIME MUSEUM PURPOSE: GENERAL SUPPORT | $5,000 |
Sanford, NC PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charleston Gaillard Management Corporation Charleston, SC | $6,018,496 | $4,323,026 |
National Arts Strategies Inc Alexandria, VA | $10,002,250 | $2,044,750 |
Live Oak Foundation Inc Sanford, NC | $4,704,664 | $427,441 |
Lear Mentoring Inc Memphis, TN | $64,974 | $0 |
Riddicks Folly Inc Suffolk, VA | $845,378 | $124,942 |
Mccracken Kitty Kat Rescue Cleveland, TN | $39,527 | $0 |
Union County Arts Council Inc Union, SC | $166,964 | $0 |
Association Of Propasal Management Professionals Dumfries, VA | $197,798 | $0 |
Greenhouse Ministries Inc Acworth, GA | $1,500 | $0 |