Seven Oaks Farm Foundation
- Assets
- $900.3k
- Revenue
- $40.0k
- Investments
- $552.2k
- Employees
- 0
- Location
- Belmont, NC
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 56-2023128
Organization Overview
Seven Oaks Farm Foundation is located in Belmont, NC. The organization was established in 1997. 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. Seven Oaks Farm 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 12/2022, Seven Oaks Farm Foundation generated $40.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $538.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Seven Oaks Farm Foundation has awarded 19 individual grants totaling $1,996,968. 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 |
|---|---|---|---|
Daniel Harding Stowe Director | 0 | $0 | |
Robert L Stowe III Director | 0 | $0 | |
William Carstarphen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,759 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,871 |
| Capital Gain Net Income | $14,496 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $394 |
| Total Revenue | $40,024 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,853 |
| Depreciation | $0 |
| Occupancy | $398 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,090 |
| Total operating and administrative expenses | $12,841 |
| Contributions, gifts, grants paid | $525,574 |
| Total expenses and disbursements | $538,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $957 |
| Savings and temporary cash investments | $49,707 |
| 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 | $228,000 |
| 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 | $69,467 |
| Total assets | $900,314 |
| 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, Seven Oaks Farm Foundation has awarded $525,574 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER GASTON DEVELOPMENT PURPOSE: CHARITABLE | $3,500 |
STOWE BOTANICAL GARDENS PURPOSE: CHARITABLE | $522,074 |