Granville Education Foundation Inc
- Assets
- $3.0m
- Revenue
- $243.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Oxford, NC
- Founding
- 02/1989
- Data as of
- 06/2022
- EIN
- 56-1560414
Organization Overview
Granville Education Foundation Inc is located in Oxford, NC. The organization was established in 1989. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granville Education 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 06/2022, Granville Education Foundation Inc generated $243.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $232.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT GRANVILLE COUNTY, NC SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINIGRANTS TO VARIOUS SCHOOLS IN GRANVILLE COUNTY.
EXECUTIVE DIRECTOR SALARY.
VARIOUS ACTIVITIES TO SUPPORT GRANVILLE COUNTY SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Breedlove Treasurer | OfficerTrustee | $0 | |
Caroline Burnette Vice-Preside | OfficerTrustee | $0 | |
Kermit Ellis Secretary | OfficerTrustee | $0 | |
Linda Fredrickson President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,663 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,845 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,508 |
| Total Program Service Revenue | $0 |
| Investment income | $107,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,276 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $243,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,391 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,467 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,315 |
| All other expenses | $58,007 |
| Total functional expenses | $232,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $60,180 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,687,884 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $257,740 |
| Total assets | $3,005,804 |
| Accounts payable and accrued expenses | $776 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $776 |
| Net assets without donor restrictions | $317,144 |
| Net assets with donor restrictions | $2,687,884 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,005,804 |
Grants Awarded
Over the last fiscal year, Granville Education Foundation Inc has awarded $113,260 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GRANVILLE COUNTY SCHOOLS PURPOSE: VARIOUS MINI-GRANTS | $10,264 |
GRANVILLE COUNTY SCHOOLS PURPOSE: TEXTBOOK GRANT | $35,100 |
GRANVILLE COUNTY SCHOOLS PURPOSE: CULTURAL ENRICHMENT | $27,617 |
GRANVILLE COUNTY SCHOOLS PURPOSE: LITERACY GRANTS | $9,000 |
GRANVILLE COUNTY SCHOOLS PURPOSE: CREATIVE TEACHING | $15,327 |
GRANVILLE COUNTY SCHOOLS PURPOSE: VARIOUS MINI GRANTS | $15,952 |