Floyd Foundation Inc

Organization Overview

Floyd Foundation Inc is located in Kinston, NC. The organization was established in 1999. 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. Floyd 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 12/2021, Floyd Foundation Inc generated $109.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $70.0k during the year ending 12/2021. While expenses have increased by 25.8% per year over the past 7 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 2017, Floyd Foundation Inc has awarded 12 individual grants totaling $293,000. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NO DIRECT ACTIVITIES


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $1
Dividends & Interest $18,373
Net Rental Income$0
Net Gain on Sale of Assets $90,729
Capital Gain Net Income $57,535
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $109,103

Grants Awarded

Over the last fiscal year, Floyd Foundation Inc has awarded $70,000 in support to 2 organizations.

Grant RecipientAmount

CENTER BAPTIST CHURCH

Org PageRecipient Profile

Hemingway, SC

PURPOSE: CHARITABLE

$50,000

BROAD SWAMP CHURCH

Org PageRecipient Profile

Kingstree, SC

PURPOSE: CHARITABLE

$20,000
View Grant Profile

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