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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sally Kuratnick President | 0 | $0 | |
Mary Gorrell Jones Treasurer | 0 | $0 |
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 |
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 |