Mount Olive Pickle Company Foundation
- Assets
- $5.1m
- Revenue
- $471.4k
- Investments
- $5.0m
- Employees
- 0
- Location
- Mount Olive, NC
- Founding
- 08/1995
- Data as of
- 04/2024
- EIN
- 56-1888088
Organization Overview
Mount Olive Pickle Company Foundation is located in Mount Olive, NC. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mount Olive Pickle Company 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 04/2024, Mount Olive Pickle Company Foundation generated $471.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $255.3k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mount Olive Pickle Company Foundation has awarded 176 individual grants totaling $1,919,350. 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 H Bryan President | 1 | $0 | |
Lynn P Williams Secretary | 1 | $0 | |
Emmet Judson Pope III Director | 1 | $0 | |
W Lee Borden Director | 1 | $0 | |
Robert D Frye Jr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $139,756 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,647 |
| Capital Gain Net Income | $31,647 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $471,403 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,844 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,094 |
| Contributions, gifts, grants paid | $251,250 |
| Total expenses and disbursements | $255,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,230 |
| 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 | $4,966,933 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,083,163 |
| 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, Mount Olive Pickle Company Foundation has awarded $251,250 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CRY FREEDOM MINISTRIES PURPOSE: GENERAL | $1,000 |
HABITAT FOR HUMANITY OF GOLDSBORO-WAYNE INC PURPOSE: GENERAL | $5,000 |
FOOD BANK OF CENTRAL & EASTERN NC PURPOSE: GENERAL | $500 |
MAKE-A-WISH FOUNDATION OF CENTRAL & WESTERN NORTH CAROLINA PURPOSE: GENERAL | $1,000 |
MOUNT OLIVE AREA HISTORICAL SOCIETY PURPOSE: GENERAL | $5,000 |
NORTH CAROLINA BAR ASSOCIATION PURPOSE: GENERAL SUPPORT | $1,500 |