Bill And Agnes Monk Family Foundation
- Assets
- $18.4m
- Revenue
- $123.4k
- Investments
- $17.6m
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 01/2016
- Data as of
- 12/2022
- 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 12/2022, Bill And Agnes Monk Family Foundation generated $123.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bill And Agnes Monk Family Foundation has awarded 67 individual grants totaling $4,533,860. 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
2022
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
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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 | $0 |
| Interest on Savings | $115,257 |
| Dividends & Interest | $343,597 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$335,468 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $123,386 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,759 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,148 |
| Total operating and administrative expenses | $108,764 |
| Contributions, gifts, grants paid | $1,444,810 |
| Total expenses and disbursements | $1,553,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,177 |
| Savings and temporary cash investments | $738,014 |
| 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 | $19,760 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $423,637 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,350,921 |
| 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 $1,444,810 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAINTS EPISCOPAL CHURCH PURPOSE: SAINT MARY'S FOREVER CAMPAIGN | $100,000 |
UNIVERSITY OF NC AT CHAPEL HILL PURPOSE: WHISKEY AND WORDS EVENT | $4,310 |
DUKE UNIVERSITY PURPOSE: WILLIAM MONK JR. SCHOLARSHIP FUND | $20,000 |
GREENVILLE MUSEUM OF ART PURPOSE: EXHIBITION SPONSORSHIP | $5,000 |
GLOBAL EMPOWERMENT MISSION PURPOSE: UKRAINE RELIEF | $25,000 |
MINISTRY TO EQUIP AND EDUCATE PURPOSE: UKRAINE RELIEF | $2,500 |