Maynard Family Foundation
- Assets
- $16.3m
- Revenue
- $3.5m
- Investments
- $14.9m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 05/1993
- Data as of
- 12/2022
- EIN
- 56-1768062
Organization Overview
Maynard Family Foundation is located in Raleigh, NC. The organization was established in 1993. 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. Maynard Family Foundation 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, Maynard Family Foundation generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.0%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Maynard Family Foundation has awarded 259 individual grants totaling $67,030,267. 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 |
|---|---|---|---|
James H Maynard Member, Director | 1 | $0 | |
Connie M Maynard Member, Director | 1 | $0 | |
Easter A Maynard Director | 1 | $0 | |
Ronald M Barbee Secretary, Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,100,000 |
| Interest on Savings | $2,034 |
| Dividends & Interest | $430,821 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $247 |
| Total Revenue | $3,533,102 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,639 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $71,694 |
| Contributions, gifts, grants paid | $2,290,031 |
| Total expenses and disbursements | $2,361,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,476,040 |
| 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 | $140,072 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,349,528 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,000 |
| 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 | $10,000 |
Grants Awarded
Over the last fiscal year, Maynard Family Foundation has awarded $2,290,031 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ALDERT ROOT ELEMENTARY EDUCATIONAL FOUNDATION PURPOSE: PROMOTE STUDENT ACHIEVEMENT, TEACHING EXCELLENCE, AND QUALITY EDUCATIONAL PROGRAMS | $10,000 |
CAMP CORRAL PURPOSE: PROVIDE MEANINGFUL CAMP EXPERIENCES FOR MILITARY CHILDREN | $15,000 |
CHILDREN'S MIRACLE NETWORK HOSPITAL PURPOSE: DELIVER HEALTHCARE IN EASTERN NORTH CAROLINA. | $100,000 |
CROSBY SCHOLARS COMMUNITY PARTNERSHIP PURPOSE: ASSIST HIGH SCHOOL STUDENTS IN PREPARING THEMSELVES FOR SUCCESSFUL COLLEGE ENROLLMENT | $5,000 |
EAST CAROLINA UNIVERSITY EDUCATIONAL FOUNDATION PURPOSE: CAPITAL CAMPAIGN | $1,000,000 |
EAST CAROLINA UNIVERSITY EDUCATIONAL FOUNDATION PURPOSE: MAYNARD SCHOLARS | $300,000 |