Episcopal Foundation Of Western North Carolina
- Assets
- $3.8m
- Revenue
- $289.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 06/1964
- Data as of
- 12/2021
- EIN
- 56-6059247
Organization Overview
Episcopal Foundation Of Western North Carolina is located in Asheville, NC. The organization was established in 1964. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Episcopal Foundation Of Western North Carolina 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 12/2021, Episcopal Foundation Of Western North Carolina generated $289.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $74.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Episcopal Foundation Of Western North Carolina has awarded 67 individual grants totaling $986,909. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER, DEVELOP AND CONTRIBUTE TO THE SUPPORT OF RELIGIOUS, EDUCATIONAL AND CHARITABLE WORK OF THE EPISCOPAL CHURCH DIOCESE OF WNC AND ELSEWHERE THROUGH GRANTS, LOANS AND GIFTS TO AGENCY BODIES AFFILIATED WITH THE CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EPISCOPAL FOUNDATION OF WNC IS A NONPROFIT ORGANIZATION FOUNDED IN 1962 TO PROVIDE FUNDS TO NEEDY PARISHES. IN 2023, THE FOUNDATION PROVIDED TWELVE GRANTS TO WESTERN NORTH CAROLINA CHURHES. THE FUNDS WERE GIVEN TO IMPROVE THEIR PROPERTIES ALLOWING THE ENTITIES TO CONTINUE THEIR VITAL MINISTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherree Brady President | OfficerTrustee | 1 | $0 |
Paul Ormond Vice President | OfficerTrustee | 1 | $0 |
Dillon Manly Treasurer | OfficerTrustee | 1 | $0 |
Kathy Ledbetter Secretary | OfficerTrustee | 1 | $0 |
Lee Berger Member | Officer | 0.5 | $0 |
Jo Ann Hasskamp Member | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $55,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $233,452 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $289,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,528 |
| Fees for services: Other | $625 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $74,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $394,586 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $3,433,964 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,828,550 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,828,550 |
Grants Awarded
Over the last fiscal year, Episcopal Foundation Of Western North Carolina has awarded $179,630 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY'S ST STEPHENS PURPOSE: Rectory Project | $7,130 |
PARISH OF THE HOLY COMMUNION PURPOSE: Roofing/painting | $20,000 |
ST MATTHIAS PURPOSE: Schematics design | $20,000 |
CHURCH OF THE HOLY FAMILY PURPOSE: Bldg maintenance/update | $20,000 |
CHURCH OF THE MESSIAH PURPOSE: HVAC replacement | $20,000 |
ST DAVIDS PURPOSE: ADA compliance | $10,000 |