O Temple Sloan Jr Foundation
- Assets
- $36.6m
- Revenue
- $4.1m
- Investments
- $36.4m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 07/1994
- Data as of
- 06/2022
- EIN
- 56-1870844
Organization Overview
O Temple Sloan Jr Foundation is located in Raleigh, 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. O Temple Sloan Jr 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 06/2022, O Temple Sloan Jr Foundation generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, O Temple Sloan Jr Foundation has awarded 1,042 individual grants totaling $15,017,635. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE O. TEMPLE SLOAN, JR. FOUNDATION DISTRIBUTED $1,272,000 TO 69 ORGANIZATIONS AND $747,456 TO 101 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/2022 FOR EDUCATIONAL, CIVIC AND OTHER PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
O Temple Sloan Jr Trustee | 0.12 | $0 | |
Carson S Henline Trustee | 0.12 | $0 | |
Mark H Sloan Trustee | 0.12 | $0 | |
O Temple Sloan III Trustee | 0.12 | $0 | |
James R Myers Trustee | 0.12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $125,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,208,191 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,709,996 |
| Capital Gain Net Income | $2,709,996 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,848 |
| Total Revenue | $4,066,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $96,119 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $109,000 |
| Depreciation | $0 |
| Occupancy | $4,918 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $204,004 |
| Total operating and administrative expenses | $422,096 |
| Contributions, gifts, grants paid | $2,019,456 |
| Total expenses and disbursements | $2,441,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,979 |
| Savings and temporary cash investments | $0 |
| 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 | $36,630,889 |
| Accounts payable and accrued expenses | $102,500 |
| 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 | $102,500 |
Grants Awarded
Over the last fiscal year, O Temple Sloan Jr Foundation has awarded $2,019,456 in support to 195 organizations.
| Grant Recipient | Amount |
|---|---|
JOHN HARDY PURPOSE: SCHOLARSHIP - THE TRILOGY SCHOOL | $831 |
KRISTEN SOMMERFELD PURPOSE: SCHOLARSHIP - COLUMBIA THEOLOGICAL SEMINARY | $1,022 |
AVERY VINING PURPOSE: SCHOLARSHIP - GEORGIA STATE UNIVERSITY | $6,000 |
LOUJIN AKKILA PURPOSE: SCHOLARSHIP - NORTH CAROLINA STATE UNIVERSITY | $12,000 |
HEATH PARKER PURPOSE: SCHOLARSHIP - EAST CAROLINA UNIVERSITY | $4,980 |
BRITTANY OCHSNER PURPOSE: SCHOLARSHIP - APPALACHIAN STATE UNIVERSITY | $12,000 |