Mark A And Rena R Norcross Family Foundation
- Assets
- $1.3k
- Revenue
- $154.8k
- Investments
- $0.0
- Employees
- 0
- Location
- High Point, NC
- Founding
- 03/2001
- Data as of
- 12/2023
- EIN
- 56-2191282
Organization Overview
Mark A And Rena R Norcross Family Foundation is located in High Point, NC. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mark A And Rena R Norcross Family 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 12/2023, Mark A And Rena R Norcross Family Foundation generated $154.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $160.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mark A And Rena R Norcross Family Foundation has awarded 131 individual grants totaling $3,034,594. 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 |
|---|---|---|---|
Mark A Norcross Pres., Tres., & Chairman | 5 | $0 | |
Rena R Norcross Vice-Pres. & Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $155,581 |
| Interest on Savings | $0 |
| Dividends & Interest | $121 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$895 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15 |
| Total Revenue | $154,822 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $160,679 |
| Total expenses and disbursements | $160,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,269 |
| Savings and temporary cash investments | $0 |
| 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 | $1,269 |
| 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, Mark A And Rena R Norcross Family Foundation has awarded $160,679 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
IHM CATHOLIC CHURCH PURPOSE: CHARITABLE CONTRIBUTION | $148,679 |
SISTERS OF CHARITY SAINT VINCENT DEPAUL SOCIAL MINISTRIES INC PURPOSE: CHARITABLE CONTRIBUTION | $2,000 |
WESLEY MEMORIAL UNITED METHODIST CHURCH PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
GREATER HIGH POINT FOOD ALLIANCE PURPOSE: CHARITABLE CONTRIBUTIION | $5,000 |