Mount Gilead Community Foundation Inc
- Assets
- $121.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Gilead, NC
- Founding
- 06/1963
- Data as of
- 12/2021
- EIN
- 56-6060650
Organization Overview
Mount Gilead Community Foundation Inc is located in Mount Gilead, NC. The organization was established in 1963. According to its NTEE Classification (T31) the organization is classified as: Community 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. Mount Gilead Community 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 12/2021, Mount Gilead Community Foundation Inc generated $1.0k 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 (29.2%) each year. All expenses for the organization totaled $2.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (38.1%) per year over the past 7 years. 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 |
|---|---|---|---|
Danny Bruton President | 2 | $0 | |
Mitchell A Taylor Treasurer | 2 | $0 | |
Anne Evans Director | 2 | $0 | |
James A Evans Director | 2 | $0 | |
Lewis Dorsett Director | 2 | $0 | |
Cheryl Hall Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,012 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,852 |
| Total expenses | $2,152 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $121,355 |
| Other assets | $0 |
| Total assets | $121,355 |
| Total liabilities | $7,814 |
| Net assets or fund balances | $113,541 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mount Gilead Community Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: PUBLIC & SOCIETAL BENEFIT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation For Northern Virginia Inc Oakton, VA | $80,161,408 | $23,451,822 |
National Christian Charitable Foundation Inc Fort Mill, SC | $16,300,322 | $10,862,004 |
Community Foundation Of South Georgia Inc Thomasville, GA | $102,741,720 | $11,038,110 |
The Community Foundation For The Csra Augusta, GA | $104,773,368 | $16,442,862 |
Love Thy Neighbor Too Alpharetta, GA | $21,169,180 | $7,400,617 |
Community Foundation Of Northwest Georgia Inc Dalton, GA | $78,026,679 | $15,780,742 |
Gaston Community Foundation Gastonia, NC | $124,627,590 | $17,636,833 |
Community Foundation Serving Western Virginia Roanoke, VA | $100,299,802 | $12,225,680 |
Cumberland Community Foundation Inc Fayetteville, NC | $108,138,101 | $14,799,053 |
Community Foundation Of Henderson County Inc Hendersonville, NC | $121,395,555 | $11,832,432 |
Purpose Built Communities Foundation Inc Atlanta, GA | $8,827,642 | $4,251,100 |
Community Foundation Of West Georgia Inc Carrollton, GA | $103,313,385 | $13,146,114 |