Pinehurst Community Foundation Inc
- Assets
- $309.7k
- Revenue
- $8.6k
- Investments
- $301.6k
- Employees
- 0
- Location
- Pinehurst, NC
- Founding
- 04/1964
- Data as of
- 10/2024
- EIN
- 56-6063081
Organization Overview
Pinehurst Community Foundation Inc is located in Pinehurst, NC. The organization was established in 1964. 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. Pinehurst 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 10/2024, Pinehurst Community Foundation Inc generated $8.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $13.9k during the year ending 10/2024. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pinehurst Community Foundation Inc has awarded 54 individual grants totaling $115,250. 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 |
|---|---|---|---|
John C Strickland Director | 0 | $0 | |
Robert Neff Director | 0 | $0 | |
Darlene Vaughn Director | 0 | $0 | |
C Foster Brown Terry President | 0 | $0 | |
Robert W Tufts Director | 0 | $0 | |
James A Fisher Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $388 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,538 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $634 |
| Capital Gain Net Income | $634 |
| Net ST Capital Gain | $634 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,271 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $124 |
| Total operating and administrative expenses | $1,395 |
| Contributions, gifts, grants paid | $12,500 |
| Total expenses and disbursements | $13,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $426 |
| Savings and temporary cash investments | $7,623 |
| 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 | $301,632 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $309,681 |
| 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, Pinehurst Community Foundation Inc has awarded $12,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VILLAGE HERITAGE FOUNDATION PURPOSE: CHARITABLE | $5,000 |
SANDHILLS WOMAN'S EXCHANGE CABIN PR PURPOSE: CHARITABLE | $2,500 |
PRANCING HORSE PURPOSE: CHARITABLE | $5,000 |