Melton Foundation
- Assets
- $286.0k
- Revenue
- $9.2k
- Investments
- $274.2k
- Employees
- 0
- Location
- Hays, NC
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 56-2276922
Organization Overview
Melton Foundation is located in Hays, NC. The organization was established in 2002. 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. Melton 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, Melton Foundation generated $9.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $34.1k during the year ending 12/2022. While expenses have increased by 7.1% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doris W Melton President | 1 | $0 | |
Randy L Melton Vice President | 1 | $0 | |
Steven E Melton Secretary Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,737 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,526 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $336 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,109 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $34,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,829 |
| 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 | $285,996 |
| 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, Melton Foundation has awarded $32,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE RIDGE OPPORTUNITY COMMISSION PURPOSE: MEALS ON WHEELS | $2,000 |
CATTLEMEN'S ASSOCIATION OF WILKES PURPOSE: MEMORIAL AGRICULTURE SCHOLARSHIP | $3,000 |
HOSPICE OF WILKES PURPOSE: ANNUAL DONATION | $1,000 |
MILLERS CREEK CHRISTIAN SCHOOL PURPOSE: GENERAL FUND | $2,500 |
MTN VIEW RURITAN PURPOSE: OPERATING FUND | $1,000 |
NORTH WILKES MIDDLE SCHOOL PURPOSE: LEAD PROGRAM | $2,500 |