Morganton Womans Club Foundation Inc
- Assets
- $289.2k
- Revenue
- $26.3k
- Investments
- $259.4k
- Employees
- 0
- Location
- Morganton, NC
- Founding
- 10/1985
- Data as of
- 12/2022
- 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 12/2022, Morganton Womans Club Foundation Inc generated $26.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $21.7k during the year ending 12/2022. 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
2022
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lonna Wilson Secretary | 3 | $0 | |
Marsha Riddle President | 1 | $0 | |
Mabel Lowman Vice President | 1 | $0 | |
Connie Ledford Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,721 |
| Interest on Savings | $5 |
| Dividends & Interest | $13,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,976 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,315 |
| Total Revenue | $26,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $177 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $616 |
| Printing and publications | $0 |
| Other expenses | $1,269 |
| Total operating and administrative expenses | $2,512 |
| Contributions, gifts, grants paid | $19,190 |
| Total expenses and disbursements | $21,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,204 |
| Savings and temporary cash investments | $11,604 |
| 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 | $289,205 |
| 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 $18,990 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ASSURE THE FUTURE PURPOSE: CONTRIBUTION | $100 |
SAMARITANS PURSE PURPOSE: CONTRIBUTION | $50 |
MORGANTON FRATERNAL ORDER OF POLICE PURPOSE: FOOD BASKETS FOR POOR | $150 |
J IVERSON RIDDLE DEVELOPMENTAL CTR PURPOSE: CONTRIBUTION | $250 |
BURKE COUNTY FIREFIGHTERS ASSOC PURPOSE: CONTRIBUTION | $90 |
CHRISTMAS CHEER PURPOSE: CONTRIBUTION | $200 |