Broyhill Family Foundation Inc
- Assets
- $31.1m
- Revenue
- $4.0m
- Investments
- $26.8m
- Employees
- 0
- Location
- Lenoir, NC
- Founding
- 08/1949
- Data as of
- 12/2023
- EIN
- 56-6054119
Organization Overview
Broyhill Family Foundation Inc is located in Lenoir, NC. The organization was established in 1949. 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. Broyhill Family 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, Broyhill Family Foundation Inc generated $4.0m in total revenue. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 1.7% per year over the past 5 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 2020, Broyhill Family Foundation Inc has awarded 382 individual grants totaling $8,015,432. 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 |
|---|---|---|---|
M Hunt Broyhill Chairman & CEO | 5 | $0 | |
Danny A Gilbert Vice President | 5 | $0 | |
Sheila Triplett-Brady Executive Director | 35 | $0 | |
Christopher R Pavese Investment Officer | 5 | $0 | |
B Claire Broyhill Director | 0 | $0 | |
Caron J Broyhill Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,689 |
| Dividends & Interest | $891,847 |
| Net Rental Income | $5,596 |
| Net Gain on Sale of Assets | $2,931,964 |
| Capital Gain Net Income | $2,931,964 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $147,830 |
| Total Revenue | $4,007,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $51,966 |
| Depreciation | $0 |
| Occupancy | $1,388 |
| Travel, conferences, and meetings | $6,263 |
| Printing and publications | $0 |
| Other expenses | $513,779 |
| Total operating and administrative expenses | $609,065 |
| Contributions, gifts, grants paid | $1,645,170 |
| Total expenses and disbursements | $2,254,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $574,441 |
| Savings and temporary cash investments | $1,833,812 |
| Net Accounts receivable | $69,825 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $23,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,363 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $18,043,963 |
| Net Land, buildings, and equipment | $1,789,115 |
| Other assets | $0 |
| Total assets | $31,135,496 |
| Accounts payable and accrued expenses | $61,770 |
| 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 | $21,432 |
| Total liabilities | $83,202 |
Grants Awarded
Over the last fiscal year, Broyhill Family Foundation Inc has awarded $1,848,170 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
PAY IT FORWARD FOOD PANTRY PURPOSE: INDIGENT SUPPORT | $5,000 |
HEROES ON THE MOUNTAIN PURPOSE: MISCELLANEOUS SUPPORT | $1,000 |
ROBIN'S NESTCHILDREN'S ADVOCACY CENTER PURPOSE: YOUTH DEVELOPMENT | $10,000 |
YMCATRIANGLE AREA PURPOSE: YOUTH DEVELOPMENT | $5,000 |
LENOIR RHYNE COLLEGE PURPOSE: EDUCATIONAL SUPPORT | $1,500 |
OAK HILL DEVELOPMENTCHARTER SCHOOL PURPOSE: EDUCATIONAL SUPPORT | $50,000 |