Bill And Agnes Monk Family Foundation
- Assets
- $19.8m
- Revenue
- $1.6m
- Investments
- $18.5m
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 47-5450179
Organization Overview
Bill And Agnes Monk Family Foundation is located in Greenville, NC. The organization was established in 2016. 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. Bill And Agnes Monk Family 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 12/2021, Bill And Agnes Monk Family Foundation generated $1.6m in total revenue. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 111.8% 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.
Since 2018, Bill And Agnes Monk Family Foundation has awarded 70 individual grants totaling $3,891,550. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIDANT HEALTH FOUNDATION PLEDGE TO VIDANT CANCER CAMPAIGN
THE OAKWOOD SCHOOL MONK FAMILY SCHOLARSHIP FUND MONK FAMILY SCHOLARSHIP EXPENDIBLE FUND
UNC ARTS & SCIENCES FOUNDATION DESIGNATED TO ISHNA J HALL EXCELLENCE FUND MONK FAMILY INTERNSHIP ENDOWMENT MONK FAMILY INTERNSHIP EXPENDABLE FUND MONK FAMILY ACADEMIC FUND DESIGNATED TO LANIER SCHOLARSHIP
WOODBERRY FOREST SCHOOL DESIGNATED TO WALKER BUILDING RENOVATION WCM '44 FAMILY FUND
VIDANT HEALTH FOUNDATION PLEDGE TO VIDANT CANCER CAMPAIGN
THE OAKWOOD SCHOOL MONK FAMILY SCHOLARSHIP FUND MONK FAMILY SCHOLARSHIP EXPENDIBLE FUND
UNC ARTS & SCIENCES FOUNDATION DESIGNATED TO ISHNA J HALL EXCELLENCE FUND MONK FAMILY INTERNSHIP ENDOWMENT MONK FAMILY INTERNSHIP EXPENDABLE FUND MONK FAMILY ACADEMIC FUND DESIGNATED TO LANIER SCHOLARSHIP
WOODBERRY FOREST SCHOOL DESIGNATED TO WALKER BUILDING RENOVATION WCM '44 FAMILY FUND
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aurelia Stafford Monk Pres./secret | 0 | $0 | |
Molly Monk Vice Preside | 0 | $0 | |
William C Monk Jr Chair/treasu | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,000 |
| Interest on Savings | $120,151 |
| Dividends & Interest | $318,847 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,051,924 |
| Capital Gain Net Income | $1,051,924 |
| Net ST Capital Gain | $760,529 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $274 |
| Total Revenue | $1,611,196 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,040 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $163 |
| Total operating and administrative expenses | $69,967 |
| Contributions, gifts, grants paid | $1,228,550 |
| Total expenses and disbursements | $1,298,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,617 |
| Savings and temporary cash investments | $1,271,073 |
| 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 | $6,040 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $440,437 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,844,424 |
| 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, Bill And Agnes Monk Family Foundation has awarded $1,228,550 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE FUND PURPOSE: DONOR ADVISED | $315,000 |
Greenville, NC PURPOSE: MONK FAMILY SCHOLARS/GENERAL FD | $218,500 |
Chapel Hill, NC PURPOSE: VARIOUS PROGRAMS | $210,000 |
VIDANT HEALTH FOUNDATION PURPOSE: VIDANT CANCER CAMPAIGN | $200,000 |
Woodberry Forest, VA PURPOSE: WALKER BUILDING RENOVATIONS | $100,000 |
Raleigh, NC PURPOSE: VARIOUS PROGRAMS | $99,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |