The Sylvester Family Foundation Inc
- Assets
- $8.0m
- Revenue
- $1.4m
- Investments
- $7.9m
- Employees
- 0
- Location
- Richlands, NC
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 56-1950780
Organization Overview
The Sylvester Family Foundation Inc is located in Richlands, NC. The organization was established in 1996. 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. Sylvester Family 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 12/2021, Sylvester Family Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $571.4k during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 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 2014, Sylvester Family Foundation Inc has awarded 436 individual grants totaling $3,113,382. 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 |
|---|---|---|---|
Leon W Sylvester III Director | 1 | $0 | |
Mary S Hargett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $503,344 |
| Interest on Savings | $0 |
| Dividends & Interest | $192,443 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $750,886 |
| Capital Gain Net Income | $750,886 |
| Net ST Capital Gain | $0 |
| Income Modifications | $10,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,194 |
| Total Revenue | $1,449,867 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,104 |
| Total operating and administrative expenses | $89,357 |
| Contributions, gifts, grants paid | $482,050 |
| Total expenses and disbursements | $571,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,491 |
| 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 | $7,905,185 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,097 |
| Total assets | $8,009,773 |
| 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, The Sylvester Family Foundation Inc has awarded $482,050 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
RICHLANDS UNITED METHODIST CHURCH PURPOSE: TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $359,000 |
Wilmington, NC PURPOSE: TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $14,200 |
COASTAL NC FCA PURPOSE: TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $8,400 |
LENOIR GREENE YOUNG LIFE PURPOSE: TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $5,000 |
FIRST BAPTIST CHURCH PURPOSE: TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $5,000 |
ST MARYS HOLINESS CHURCH PURPOSE: TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Darla Moore And Richard Rainwater Foundation Lake City, SC | $538,432,800 | $34,322,461 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
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 |