Nickolas Bunn Boddie Sr & Lucy Maye Boddie Foundation Term
- Assets
- $8.4m
- Revenue
- $317.6k
- Investments
- $8.3m
- Employees
- 0
- Location
- Rocky Mount, NC
- Founding
- 07/1991
- Data as of
- 12/2022
- EIN
- 56-1678893
Organization Overview
Nickolas Bunn Boddie Sr & Lucy Maye Boddie Foundation Term is located in Rocky Mount, NC. The organization was established in 1991. 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. Nickolas Bunn Boddie Sr & Lucy Maye Boddie Foundation Term 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, Nickolas Bunn Boddie Sr & Lucy Maye Boddie Foundation Term generated $317.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $539.4k during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 4 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 2020, Nickolas Bunn Boddie Sr & Lucy Maye Boddie Foundation Term has awarded 182 individual grants totaling $1,372,133. 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 |
|---|---|---|---|
William L Boddie President | 1 | $0 | |
Michael W Boddie Secretary | 1 | $0 | |
B Mayo Boddie Jr Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $316 |
| Dividends & Interest | $295,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,255 |
| Capital Gain Net Income | $22,255 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $317,643 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $303 |
| Taxes | $9,930 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12 |
| Total operating and administrative expenses | $70,371 |
| Contributions, gifts, grants paid | $469,000 |
| Total expenses and disbursements | $539,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,502 |
| Savings and temporary cash investments | $56,038 |
| 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 | $1,950,397 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,545 |
| Total assets | $8,433,583 |
| 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, Nickolas Bunn Boddie Sr & Lucy Maye Boddie Foundation Term has awarded $469,000 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE VILLAGE FOUNDATION PURPOSE: CHARITABLE | $5,000 |
AMERICAN RED CROSS TURNAGE CHAPTER PURPOSE: CHARITABLE | $15,000 |
AMERICAN RED CROSS TURNAGE CHAPTER PURPOSE: CHARITABLE | $5,000 |
BAPTIST CHILDREN'S HOMES OF NC INC PURPOSE: CHARITABLE | $20,000 |
BOYS & GIRLS CLUB OF THE TAR RIVER REGION PURPOSE: CHARITABLE | $25,000 |
BOYS & GIRLS HOMES OF NORTH CAROLINA PURPOSE: CHARITABLE | $5,000 |