Winston Family Foundation Inc
- Assets
- $1.1m
- Revenue
- $74.0k
- Investments
- $1.0m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 56-2058027
Organization Overview
Winston Family Foundation Inc is located in Raleigh, NC. The organization was established in 1998. 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. Winston 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 12/2023, Winston Family Foundation Inc generated $74.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $26.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Winston Family Foundation Inc has awarded 26 individual grants totaling $566,999. 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 |
|---|---|---|---|
Florence B Winston Chairman/vp | 0.5 | $0 | |
Marion T Winston Secretary | 0.1 | $0 | |
Charles M Winston Jr VP | 0.1 | $0 | |
Robert W Winston III Treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,891 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,072 |
| Capital Gain Net Income | $35,072 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $73,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $428 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,967 |
| Total operating and administrative expenses | $16,395 |
| Contributions, gifts, grants paid | $10,333 |
| Total expenses and disbursements | $26,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,255 |
| 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 | $499,187 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,114,419 |
| 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, Winston Family Foundation Inc has awarded $10,333 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE MEDICAL MINISTRY PURPOSE: FOR SEC 501(C)(3) PURPOSE | $8,333 |
CHRIST CHURCH PURPOSE: MISSIONS SUPPORT | $2,000 |