Evernham Family-Racing For A Reason Foundation
- Assets
- $2.7m
- Revenue
- $413.0k
- Investments
- $2.2m
- Employees
- 0
- Location
- Mooresville, NC
- Founding
- 12/1997
- Data as of
- 12/2021
- EIN
- 56-2053289
Organization Overview
Evernham Family-Racing For A Reason Foundation is located in Mooresville, NC. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Evernham Family-Racing For A Reason 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 12/2021, Evernham Family-Racing For A Reason Foundation generated $413.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $324.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Evernham Family-Racing For A Reason Foundation has awarded 135 individual grants totaling $2,264,187. 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 |
|---|---|---|---|
Emory Det Cullum Director | 3 | $5,000 | |
Raymond J Evernham Director | 0.5 | $0 | |
Erin C Evernham Director | 0.5 | $0 | |
William Evernham Sr Director | 0.5 | $0 | |
Richard D Russell Director | 0.5 | $0 | |
Robert P Mack Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $184,650 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,334 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $175,028 |
| Capital Gain Net Income | $175,028 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $413,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $599 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,628 |
| Total operating and administrative expenses | $50,324 |
| Contributions, gifts, grants paid | $273,807 |
| Total expenses and disbursements | $324,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,746 |
| 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 | $87,978 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $21,000 |
| Total assets | $2,689,120 |
| 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, Evernham Family-Racing For A Reason Foundation has awarded $273,807 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
THE AUTISM SOCIETY OF NC PURPOSE: CONTRIBUTION | $190,977 |
Mooresville, NC PURPOSE: CONTRIBUTION | $35,000 |
INDIANAPOLIS MOTOR SPEEDWAY MUSEUM PURPOSE: CONTRIBUTION | $10,100 |
Davidson, NC PURPOSE: CONTRIBUTION | $10,000 |
Concord, NC PURPOSE: CONTRIBUTION | $8,000 |
Mooresville, NC PURPOSE: CONTRIBUTION | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Evernham Family-Racing For A Reason Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Hendrick Family Foundation Charlotte, NC PURPOSE: PROGRAM SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |