Cary Oil Foundation Inc
- Assets
- $0.0
- Revenue
- $65.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Cary, NC
- Founding
- 04/1998
- Data as of
- 12/2020
- EIN
- 56-1950150
Organization Overview
Cary Oil Foundation Inc is located in Cary, NC. The organization was established in 1998. 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. Cary Oil 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.
Since 2014, Cary Oil Foundation Inc has awarded 114 individual grants totaling $3,351,734. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISTRIBUTED $600,500 TO 2 ORGANIZATIONS DURING 2021 FOR EDUCATIONAL, CIVIC, AND OTHER CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Craig Stephenson Pres., Dir. | 2 | $0 | |
Adam Stephenson Sec., Trea., Dir. | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $528 |
| Dividends & Interest | $789 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,448 |
| Total Revenue | $65,163 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $1,240 |
| Depreciation | $192 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $67,619 |
| Contributions, gifts, grants paid | $1,519,500 |
| Total expenses and disbursements | $1,587,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $31,250 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,324 |
Grants Awarded
Over the last fiscal year, Cary Oil Foundation Inc has awarded $600,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: CHARITABLE | $599,500 |
LITTLE MOUNTAIN RECREATION ASSOCIATION PURPOSE: SOCIAL SERVICES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |