Gorrell Family Foundation Inc
- Assets
- $4.2m
- Revenue
- $207.0k
- Investments
- $1.0m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 56-2089597
Organization Overview
Gorrell Family Foundation Inc is located in Greensboro, 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. Gorrell 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 12/2022, Gorrell Family Foundation Inc generated $207.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $364.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gorrell Family Foundation Inc has awarded 90 individual grants totaling $1,144,612. 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 |
|---|---|---|---|
Sally Kuratnick President | 0 | $0 | |
Mary Gorrell Jones Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $120,140 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $86,883 |
| Capital Gain Net Income | $86,883 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $207,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $642 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $64,546 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $364,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $316,035 |
| Savings and temporary cash investments | $2,825,652 |
| 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 | $8,321 |
| Total assets | $4,189,196 |
| 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, Gorrell Family Foundation Inc has awarded $300,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDSAVERS OF RICHMOND PURPOSE: GENERAL PURPOSE SUPPORT | $20,000 |
CONE HEALTH PURPOSE: GENERAL PURPOSE SUPPORT | $30,000 |
GREENSBORO DAY SCHOOL PURPOSE: GENERAL PURPOSE SUPPORT | $20,000 |
HAPPE DOG RESCUE & ADOPTION PURPOSE: GENERAL PURPOSE SUPPORT | $1,000 |
JACKSON FIELD HOMES PURPOSE: GENERAL PURPOSE SUPPORT | $1,500 |
PETER PAUL PURPOSE: GENERAL PURPOSE SUPPORT | $2,500 |