The Warner Foundation
- Assets
- $0.0
- Revenue
- $164.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- Data as of
- 12/2017
- EIN
- 56-1969171
Organization Overview
The Warner Foundation is located in Chapel Hill, NC.
For the year ending 12/2017, Warner Foundation generated $164.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $379.8k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (15.6%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER LONG-TERM IMPROVEMENTS AND SOCIO-ECONOMIC OPPORTUNITIES AND QUALITY OF LIFE FOR LOW INCOME NORTH CAROLINIANS.
TO FOSTER LONG-TERM IMPROVEMENTS AND SOCIO-ECONOMIC OPPORTUNITIES AND QUALITY OF LIFE FOR LOW INCOME NORTH CAROLINIANS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Michael Warner Vice President/board Chair | 0 | $0 | |
Elizabeth B Craven President/board Member | 20 | $0 | |
D Michael Warner Vice President/board Chair | 0 | $0 | |
Elizabeth B Craven President/board Member | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $60,205 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104,403 |
| Capital Gain Net Income | $104,403 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $164,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $21,665 |
| Interest | $0 |
| Taxes | $1,466 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $945 |
| Total operating and administrative expenses | $54,794 |
| Contributions, gifts, grants paid | $325,000 |
| Total expenses and disbursements | $379,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 Warner Foundation has awarded $650,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DEMOCRACY NC PURPOSE: TO PROVIDE SUPPORT | $50,000 |
NC CENTER FOR NONPROFITS PURPOSE: TO PROVIDE SUPPORT | $10,000 |
NC JUSTICE & COMMUNITY DEV CENTER PURPOSE: TO PROVIDE SUPPORT | $100,000 |
PLANNED PARENTHOOD SOUTH ATLANTIC PURPOSE: TO PROVIDE SUPPORT | $165,000 |
DEMOCRACY NC PURPOSE: TO PROVIDE SUPPORT | $50,000 |
NC CENTER FOR NONPROFITS PURPOSE: TO PROVIDE SUPPORT | $10,000 |