Jimmy Woodard Garrell Foundation
- Assets
- $19.1m
- Revenue
- $187.1k
- Investments
- $18.9m
- Employees
- 0
- Location
- Whiteville, NC
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 56-2174021
Organization Overview
Jimmy Woodard Garrell Foundation is located in Whiteville, NC. The organization was established in 2001. 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. Jimmy Woodard Garrell Foundation 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, Jimmy Woodard Garrell Foundation generated $187.1k in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2022.
Since 2020, Jimmy Woodard Garrell Foundation has awarded 37 individual grants totaling $2,005,626. 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 |
|---|---|---|---|
Terray Suggs Director, President | 10 | $36,000 | |
Gloria Fowler Director, Executive Director | 10 | $72,000 | |
Dennis Worley Director, Vice President | 6 | $36,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Franklin Street Partners | 12/30/22 | $180,518 |
Suggs & Company Pa | 12/30/22 | $42,790 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $502,354 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$315,206 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $187,148 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $144,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,146 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,439 |
| Total operating and administrative expenses | $378,893 |
| Contributions, gifts, grants paid | $1,216,423 |
| Total expenses and disbursements | $1,595,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $197,334 |
| 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 | $19,076,821 |
| 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, Jimmy Woodard Garrell Foundation has awarded $1,216,423 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
GUIDEPOST FOUNDATION PURPOSE: RELIGION | $2,500 |
IN TOUCH MINISTRIES PURPOSE: RELIGION | $200 |
MATHEW 25 CENTER PURPOSE: IN SUPPORT OF ANOTHER CHARITY | $1,000 |
NAKINA MIDDLE SCHOOL PURPOSE: EDUCATION | $35,897 |
NORTH CAROLINA COMMUNITY FOUNDATION PURPOSE: RELIGION | $425,000 |
OLD DOCK ELEMENTARY SCHOOL PURPOSE: EDUCATION | $65,995 |