Cape Fear Memorial Foundation
- Assets
- $0.0
- Revenue
- $4.8m
- Investments
- $74.3m
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 07/1996
- Data as of
- 06/2021
- EIN
- 56-1974747
Organization Overview
Cape Fear Memorial Foundation is located in Wilmington, 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. Cape Fear Memorial 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 06/2021, Cape Fear Memorial Foundation generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $3.7m during the year ending 06/2021. While expenses have increased by 4.1% 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 2015, Cape Fear Memorial Foundation has awarded 530 individual grants totaling $24,204,650. 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 |
|---|---|---|---|
Anna Erwin President/treasurer | 40 | $141,417 | |
Garry Garris Chairman | 1 | $30,000 | |
James D Hundley MD Vice Chairman | 1 | $0 | |
Agnes R Beane Secretary | 1 | $0 | |
Ronald R Sinclair Assistant Secretary | 1 | $0 | |
William H Cameron Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,000 |
| Interest on Savings | $219 |
| Dividends & Interest | $1,046,442 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,356 |
| Total Revenue | $4,761,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $141,417 |
| Pension plans, employee benefits | $14,797 |
| Depreciation | $2,347 |
| Occupancy | $59,766 |
| Travel, conferences, and meetings | $831 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $595,857 |
| Contributions, gifts, grants paid | $3,152,500 |
| Total expenses and disbursements | $3,748,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $342,775 |
| Investments—mortgage loans | $0 |
| Investments—other | $478,054 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $75,000 |
Grants Awarded
Over the last fiscal year, Cape Fear Memorial Foundation has awarded $3,087,250 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS DENTAL CARE PURPOSE: NEW HANOVER ADULT DENTAL PROGRAM | $100,000 |
AMERICAN RED CROSS CAPE FEAR CHAPTER PURPOSE: BLOOD SERVICES SUPPORT | $50,000 |
AMERICAN HEART ASSOCIATION PURPOSE: INFANT CPR AND TARGET BP PROGRAMS - SUPPLY COSTS | $45,000 |
AMERICAN RED CROSS CAPE FEAR CHAPTER PURPOSE: AMERICAN RED CROSS DISASTER RELIEF | $45,000 |
AUTISM SOCIETY OF NC INC PURPOSE: TRANSITIONS PROGRAM | $12,000 |
BRIGADE BOYS AND GIRLS CLUB PURPOSE: WORK FORCE DEVELOPMENT (WFD) | $40,000 |