Kernsville Foundation Inc

Organization Overview

Kernsville Foundation Inc is located in Kernersville, NC. The organization was established in 1999. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Kernsville 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, Kernsville Foundation Inc generated $967.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $293.5k during the year ending 12/2021. While expenses have increased by 14.3% 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 2016, Kernsville Foundation Inc has awarded 74 individual grants totaling $1,741,069. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO MAKE CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS, COMMUNITY PROJECTS, AND ACTIVITIES IN THE KERNERSVILLE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS AND SUPPORT FOR LOCAL COMMUNITY PROJECTS OF LOCAL COMMUNITY GROUPS, LOCAL RELIGIOUS GROUPS AND MINISTRIES, AND LOCAL HISTORIC GROUPS.


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Board, Officers & Key Employees

Name (title)Compensation
Jeff Taylor
President
$0
James E Bland
Vice-President
$0
Dona Neal
Treasurer
$0
Jason Grubbs
Secretary
$0
Overton Harper
Director
$0
Ronald S Greene
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,189,850
Noncash contributions included in lines 1a–1f $310,783
Total Revenue from Contributions, Gifts, Grants & Similar$1,189,850
Total Program Service Revenue$0
Investment income $49,303
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $6,600
Net Gain/Loss on Asset Sales -$278,648
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $967,105

Grants Awarded

Over the last fiscal year, Kernsville Foundation Inc has awarded $212,411 in support to 14 organizations.

Grant RecipientAmount

NOVANT HEALTH FOUNDATION

Org PageRecipient Profile

Winston Salem, NC

PURPOSE: SUPPORT LOCAL COMMUNITY PROJECTS

$45,000

Kernersville, NC

PURPOSE: SUPPORT FOR LOCAL HISTORICAL GROUP

$24,300

Kernersville, NC

PURPOSE: SUPPORT FOR ELDER CARE MINISTRY

$20,411

NEXT STEP MINISTRIES

Org PageRecipient Profile

Kernersville, NC

PURPOSE: SUPPORT FOR MINISTRY

$19,000

MAIN STREET METHODIST CHURCH

PURPOSE: SUPPORT FOR MINISTRY

$19,000

CRISIS CONTROL MINISTRY

PURPOSE: SUPPORT FOR MINISTRY

$19,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Kernsville Foundation Inc has recieved totaling $10,913.

Awarding OrganizationAmount
Lawrence & Etta Lea Pope Foundation

Kernersville, NC

PURPOSE: TO SUPPORT SCHOLARSHIPS FOR KERNERSVILLE RESIDENTS

$10,000
Allen Tate Foundation

Charlotte, NC

PURPOSE: UNRESTRICTED

$520
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$393
View Grant Recipient Profile

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