Fa Korschun Foundation Inc 1025005564-328900800
- Assets
- $757.2k
- Revenue
- $98.6k
- Investments
- $658.4k
- Employees
- 0
- Location
- Goldsboro, NC
- Founding
- 01/2000
- Data as of
- 12/2023
- EIN
- 56-2169669
Organization Overview
Fa Korschun Foundation Inc 1025005564-328900800 is located in Goldsboro, NC. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Fa Korschun Foundation Inc 1025005564-328900800 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, Fa Korschun Foundation Inc 1025005564-328900800 generated $98.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $47.1k during the year ending 12/2023. While expenses have increased by 1.7% per year over the past 5 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 2020, Fa Korschun Foundation Inc 1025005564-328900800 has awarded 33 individual grants totaling $191,741. 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 |
|---|---|---|---|
S Blair Korschun Chairman | 0 | $0 | |
Suzanne Hamilton Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $14,733 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,818 |
| Capital Gain Net Income | $83,818 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $98,568 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $2,350 |
| Contributions, gifts, grants paid | $44,750 |
| Total expenses and disbursements | $47,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $98,827 |
| 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 | $0 |
| Total assets | $757,215 |
| 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, Fa Korschun Foundation Inc 1025005564-328900800 has awarded $44,750 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COMMMUNITY SOUP KITCHEN OF GOLDSBOR PURPOSE: PROVIDE NUTRITIONAL MEALS FOR WAYNE COUNTY RESIDENTS WHO ARE IN NEED. | $7,458 |
WATCH PURPOSE: PROVIDE PRIMARY HEALTH CARE FOR UNINSURED RESIDENTS OF WAYNE COUNTY. | $7,458 |
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: PROVIDE FUNDS FOR SHRINERS CHILDRENS HOSPITALS AND BURN CENTERS. | $7,459 |
FRIENDS OF THE CLIFFS OF THE NEUSE PURPOSE: PROVIDE EDUCATION FOR FUTURE FARMERS. | $7,459 |
4 H CLUB OF GOLDSBORO PURPOSE: TO ASSIST FUTURE FARMERS. | $7,458 |
TOWN OF SEVEN SPRINGS PURPOSE: TO ASSIST THE HOMELESS. | $7,458 |