Boyd-Glenn Foundation Inc
- Assets
- $1.0m
- Revenue
- $237.4k
- Investments
- $911.1k
- Employees
- 0
- Location
- Montreat, NC
- Founding
- 06/1994
- Data as of
- 12/2022
- EIN
- 56-1855689
Organization Overview
Boyd-Glenn Foundation Inc is located in Montreat, NC. The organization was established in 1994. 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. Boyd-Glenn 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, Boyd-Glenn Foundation Inc generated $237.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $36.7k during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 8 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 2015, Boyd-Glenn Foundation Inc has awarded 87 individual grants totaling $240,555. 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 G Boyd Trustee | 1 | $0 | |
Daniel M Boyd Trustee | 1 | $0 | |
Mary Hornbaker Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $260,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,327 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$44,890 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $237,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,166 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,733 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $36,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,004 |
| Savings and temporary cash investments | $14,494 |
| 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 | $1,025,614 |
| 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, Boyd-Glenn Foundation Inc has awarded $27,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSNORE SCHOOL PURPOSE: TAX EXEMPT EDUCATIONAL PURPOSE OF SCHOOL | $2,000 |
SWANNANOA VALLEY CHRISTIAN MINISTRI PURPOSE: TAX EXEMPT CHARITABLE FUNCTION OF THE ORGANIZATION | $3,500 |
ST FRANCES ANIMAL CENTER PURPOSE: GENERAL TAX EXEMPT PURPOSE OF THE ORGANIZATION | $9,000 |
BLACK MOUNTAIN CHILDRENS HOME PURPOSE: GENERAL TAX EXEMPT PURPOSE OF THE ORGANIZATION | $3,500 |
TODD VOLUNTEER FIRE DEPARTMENT PURPOSE: FURTHER TAX EXEMPT FUNCTION RELATED TO SAFETY, FIRE PROTECTION, AND FIRST RESPONDERS | $9,000 |