Acme-Mccrary & Sapona Foundation Inc
- Assets
- $884.6k
- Revenue
- $31.6k
- Investments
- $691.3k
- Employees
- 0
- Location
- Cedar Falls, NC
- Founding
- 02/1957
- Data as of
- 12/2023
- EIN
- 56-6047739
Organization Overview
Acme-Mccrary & Sapona Foundation Inc is located in Cedar Falls, NC. The organization was established in 1957. 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. Acme-Mccrary & Sapona Foundation Inc 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, Acme-Mccrary & Sapona Foundation Inc generated $31.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $89.6k during the year ending 12/2023. While expenses have increased by 0.4% per year over the past 9 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 2014, Acme-Mccrary & Sapona Foundation Inc has awarded 229 individual grants totaling $606,214. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cw Mccrary III President | 1 | $5,000 | |
Bruce Patram Secretary/treasurer | 1 | $0 | |
John O H Toledano Jr Director | 1 | $0 | |
S Steele Redding Director | 1 | $0 | |
Mary Ella Pugh Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $799 |
| Dividends & Interest | $35,892 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,114 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,577 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $694 |
| Taxes | $275 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $23,901 |
| Contributions, gifts, grants paid | $65,657 |
| Total expenses and disbursements | $89,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,550 |
| Savings and temporary cash investments | $186,469 |
| 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 | $325 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $884,637 |
| 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, Acme-Mccrary & Sapona Foundation Inc has awarded $65,657 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
GIRL SCOUTS PURPOSE: ANNUAL FUND | $750 |
GREENSBORO SYMPHONY PURPOSE: ANNUAL FUND | $1,000 |
RANDOLPH COUNTY SENIOR ADULTS ASSOCIATION PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,000 |
THE SALVATION ARMY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,000 |
ASHEBORO CITY SCHOOLS PURPOSE: SCHOLARSHIP | $4,000 |
BOY SCOUTS OF AMERICA PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,500 |