Morganton Womans Club Foundation Inc
- Assets
- $359.7k
- Revenue
- $31.8k
- Investments
- $328.7k
- Employees
- 0
- Location
- Morganton, NC
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 56-1442785
Organization Overview
Morganton Womans Club Foundation Inc is located in Morganton, NC. The organization was established in 1985. According to its NTEE Classification (S81) the organization is classified as: Womens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morganton Womans Club 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, Morganton Womans Club Foundation Inc generated $31.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $23.4k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTING ACADEMIC SCHOLARSHIPS
CONTRIBUTIONS TO 501C3 ORGANIZATIONS IN THE MORGANTON COMMUNITY
SPONSOR LAW ENFORCEMENT OFFICER OF THE MONTH PROGRAM WHICH RECOGNIZES AND BRINGS COMMUNITY AWARENESS TO THE FACES AND CONTRIBUTIONS OF OUR LOCAL LAW OFFICERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lonna Wilson President | 3 | $0 | |
Sue Taylor 2nd Vice President | 1 | $0 | |
June Hollingsworthh Secretary | 1 | $0 | |
Connie Ledford Treasurer | 1 | $0 | |
Ellie Abele Corresponding Secretary | 1 | $0 | |
Marsha Riddle 1st Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,274 |
| Interest on Savings | $35 |
| Dividends & Interest | $12,403 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,006 |
| Capital Gain Net Income | $3,006 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,046 |
| Total Revenue | $31,764 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,402 |
| Printing and publications | $0 |
| Other expenses | $781 |
| Total operating and administrative expenses | $2,933 |
| Contributions, gifts, grants paid | $20,510 |
| Total expenses and disbursements | $23,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,495 |
| Savings and temporary cash investments | $11,570 |
| 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 | $359,745 |
| 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, Morganton Womans Club Foundation Inc has awarded $20,510 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
UNC CHARLOTTE PURPOSE: SCHOLARSHIP | $2,000 |
HIGH POINT UNIVERSITY PURPOSE: SCHOLARSHIP | $2,000 |
UNC CHAPEL HILL PURPOSE: SCHOLARSHIP | $2,000 |
Buies Creek, NC PURPOSE: SCHOLARSHIP | $2,000 |
Marion, IN PURPOSE: SCHOLARSHIP | $2,000 |
SOUTHEASTERN UNIVERSITY PURPOSE: SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Junior League Of Nashville Inc Nashville, TN | $21,412,048 | $1,185,359 |
Ladies Of Charity Knoxville, TN | $2,246,400 | $2,172,549 |
Junior League Of Raleigh Inc Raleigh, NC | $8,361,890 | $889,174 |
National Coalition Of 100 Black Women Inc Atlanta, GA | $2,147,155 | $1,152,800 |
Mid-South Minority Council Tadp Memphis, TN | $401,918 | $928,283 |
Junior League Of Memphis Inc Memphis, TN | $3,746,394 | $974,091 |
Junior League Of Richmond Virginia Richmond, VA | $4,240,848 | $783,625 |
Junior League Of Atlanta Inc Atlanta, GA | $5,094,960 | $1,446,337 |
Junior League Columbia Inc Columbia, SC | $1,082,372 | $548,119 |
Junior League Of Greenville Inc Greenville, SC | $2,206,225 | $766,827 |
Junior League Of Charlotte Inc Charlotte, NC | $1,761,446 | $593,563 |
Junior League Of Greensboro Inc Greensboro, NC | $1,325,625 | $447,538 |