Chatham Foundation Inc
- Assets
- $5.9m
- Revenue
- $354.2k
- Investments
- $5.7m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 11/1948
- Data as of
- 12/2022
- EIN
- 56-0771852
Organization Overview
Chatham Foundation Inc is located in Raleigh, NC. The organization was established in 1948. 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. Chatham 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 12/2022, Chatham Foundation Inc generated $354.2k 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 (38.6%) each year. All expenses for the organization totaled $214.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Chatham Foundation Inc has awarded 30 individual grants totaling $433,625. 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 |
|---|---|---|---|
Mr Stephen Motsinger President | 1 | $0 | |
Mrs Louise Neaves Vice President | 1 | $0 | |
Mr James Freeman Treasurer & Secretary | 1 | $0 | |
Mr Chris Chatham Trustee | 1 | $0 | |
Mr Frank Hendrick Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,962 |
| Dividends & Interest | $99,376 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $242,878 |
| Capital Gain Net Income | $242,878 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $354,216 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,815 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $48,964 |
| Contributions, gifts, grants paid | $165,000 |
| Total expenses and disbursements | $213,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $145,932 |
| 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 | $3,091,263 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,853,935 |
| 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, Chatham Foundation Inc has awarded $165,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SAMARITANS KITCHEN OF WILKES COUNTY PURPOSE: GENERAL PURPOSE | $1,000 |
MERCY AND TRUTH MINISTRIES INC PURPOSE: GENERAL PURPOSE | $1,000 |
WILKES COUNTY SOIL AND WATER CONSERVATIO PURPOSE: GENERAL PURPOSE | $50,000 |
WIFM PURPOSE: GENERAL PURPOSE | $1,250 |
REEVES DOWNTOWN SCHOOL OF MUSIC PURPOSE: GENERAL PURPOSE | $10,000 |
ALLEGHANY CARES PURPOSE: GENERAL PURPOSE | $1,000 |