Beaver Family Foundation Inc
- Assets
- $11.3m
- Revenue
- $793.2k
- Investments
- $11.2m
- Employees
- 0
- Location
- Hickory, NC
- Founding
- 05/1998
- Data as of
- 04/2024
- EIN
- 56-2028723
Organization Overview
Beaver Family Foundation Inc is located in Hickory, NC. The organization was established in 1998. 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. Beaver 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 04/2024, Beaver Family Foundation Inc generated $793.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $902.3k during the year ending 04/2024. While expenses have increased by 4.7% per year over the past 5 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, Beaver Family Foundation Inc has awarded 267 individual grants totaling $3,910,385. 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 |
|---|---|---|---|
Donald C Beaver President | 1 | $0 | |
Vickie Beaver Director | 1 | $6,000 | |
Deborah B Looper Vice President | 1 | $1,500 | |
Donna Malone Treasurer | 1 | $3,000 | |
Angela B Simmons Secretary | 1 | $0 | |
Grace Simmons Director | 1 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $515,407 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $277,762 |
| Capital Gain Net Income | $277,762 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $793,169 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,731 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $940 |
| Total operating and administrative expenses | $183,764 |
| Contributions, gifts, grants paid | $718,511 |
| Total expenses and disbursements | $902,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,017 |
| 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 | $11,263,892 |
| 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, Beaver Family Foundation Inc has awarded $718,511 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
A SAFE PLACE PURPOSE: GENERAL AND UNRESTRICTED | $7,500 |
AMERICAN HEART ASSOCIATION - CHARLOTTE PURPOSE: GENERAL AND UNRESTRICTED | $5,000 |
CALDWELL HALFWAY HOUSE INC PURPOSE: GENERAL AND UNRESTRICTED | $30,000 |
AMERICAN RED CROSS PURPOSE: GENERAL AND UNRESTRICTED | $10,000 |
CATAWBA COUNTY - FAMILY BUILDERS PURPOSE: GENERAL AND UNRESTRICTED | $5,000 |
CATAWBA COUNTY COUNCIL ON AGING INC PURPOSE: GENERAL AND UNRESTRICTED | $10,000 |