Mid Atlantic Foundation
- Assets
- $1.3m
- Revenue
- -$24.7k
- Investments
- $85.6k
- Employees
- 0
- Location
- Goldsboro, NC
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 56-2026040
Organization Overview
Mid Atlantic Foundation is located in Goldsboro, 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. Mid Atlantic Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Mid Atlantic Foundation has awarded 278 individual grants totaling $231,328. 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 |
|---|---|---|---|
David Weil President | 0 | $0 | |
Emily Weil Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,000 |
| Interest on Savings | $415 |
| Dividends & Interest | $307 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$34,421 |
| Total Revenue | -$24,699 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,351 |
| Taxes | $2,111 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,163 |
| Total operating and administrative expenses | $40,434 |
| Contributions, gifts, grants paid | $45,736 |
| Total expenses and disbursements | $86,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $584 |
| 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 | $90,378 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,281 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,105,300 |
| Total assets | $1,281,823 |
| 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, Mid Atlantic Foundation has awarded $45,736 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITIES SUPPORTING SCHOOLS PURPOSE: EDUCATION | $1,000 |
ECU SCHOOL OF THEATRE DANCE PURPOSE: SCHOLARSHIPS | $1,000 |
FRIENDS OF THE LIBRARY PURPOSE: EDUCATION | $500 |
BOY SCOUTS OF AMERICA PURPOSE: SUPPORT FOR BSA | $2,500 |
GOLDSBORO SCHOOL OF BALLET PURPOSE: SCHOLARSHIP | $2,000 |
GEORGE WHITFIELD CLINIC PURPOSE: EDUCATION | $300 |