Dale And Clerice Wolf Foundation
- Assets
- $850.5k
- Revenue
- $38.6k
- Investments
- $748.4k
- Employees
- 0
- Location
- Henderson, NC
- Founding
- 06/1987
- Data as of
- 12/2022
- EIN
- 51-0299241
Organization Overview
Dale And Clerice Wolf Foundation is located in Henderson, NC. The organization was established in 1987. According to its NTEE Classification (D11) the organization is classified as: Single Organization Support, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dale And Clerice Wolf 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, Dale And Clerice Wolf Foundation generated $38.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.1%) each year. All expenses for the organization totaled $269.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Dale And Clerice Wolf Foundation has awarded 40 individual grants totaling $410,000. 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
THE DALE AND CLARICE WOLF FOUNDATION IS A NON OPERATING PRIVATE FOUNDATION THAT DISTRIBUTES GRANTS TO CHARITABLE FOUNDATIONS AND ORGANIZATIONS. THE PRESIDENT AND DIRECTORS CHOOSE RECIPIENTS FROM THOSE THAT ARE ELIGIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Wolf President-Secretary | 5 | $0 | |
Glenda E Lingo Director | 1 | $0 | |
Janet I Wolf Director | 1 | $0 | |
Thomas M Wolf Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,633 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,963 |
| Capital Gain Net Income | $18,963 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,596 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,397 |
| Contributions, gifts, grants paid | $260,000 |
| Total expenses and disbursements | $269,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,154 |
| Savings and temporary cash investments | $0 |
| 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 | $850,548 |
| 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, Dale And Clerice Wolf Foundation has awarded $260,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
JEFFERSON HOSPITAL PURPOSE: MATERNAL SUPPORT AND EDUCATION | $20,000 |
LIGHTWORK PUBLISHING LLC PURPOSE: STUDY SKILLS PROJECT | $20,000 |
GIRLS INC PURPOSE: EXPANDING EDUCATIONAL OPPORTUNITIES | $20,000 |
NASHVILLE FREEDOM SCHOOLS PURPOSE: PROMOTE LITERACY IN AFRICAN AMERICAN POPULATION | $40,000 |
UNIVERSITY OF DELAWARE PURPOSE: FOUNDATION GRANT | $20,000 |
RAPHAH INSTITUTE PURPOSE: TO FURTHER THE GOALS OF THE INSTITUTE | $10,000 |