Charles & Irene Nanney Fdn
- Assets
- $3.0m
- Revenue
- $71.9k
- Investments
- $2.9m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 04/1963
- Data as of
- 12/2022
- EIN
- 56-6046763
Organization Overview
Charles & Irene Nanney Fdn is located in Raleigh, NC. The organization was established in 1963. 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. Charles & Irene Nanney Fdn 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, Charles & Irene Nanney Fdn generated $71.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $216.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles & Irene Nanney Fdn has awarded 142 individual grants totaling $1,126,498. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles D Gray III Trustee | 2 | $1,000 | |
Mary Ellen Jennings Trustee | 2 | $1,000 | |
David P Nanney Jr Trustee | 2 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $107,943 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$36,093 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,878 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $364 |
| Total operating and administrative expenses | $43,351 |
| Contributions, gifts, grants paid | $173,300 |
| Total expenses and disbursements | $216,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,483 |
| 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 | $2,974,706 |
| 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, Charles & Irene Nanney Fdn has awarded $173,300 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CAMPBELL UNIVERSITY LAW SCHOOL PURPOSE: EDUCATION | $20,000 |
CANCER SERVICES OF GASTON COUNTY PURPOSE: MEDICAL | $2,500 |
CRISIS ASSISTANCE MINISTRY PURPOSE: CHARITABLE | $27,900 |
FIRST BAPTIST CHURCH PURPOSE: RELIGIOUS | $500 |
FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA INC PURPOSE: CHARITABLE | $2,500 |
GARDNER-WEBB UNIVERSITY PURPOSE: EDUCATION | $15,000 |