Christ Episcopal Church Foundation Inc
- Assets
- $5.4m
- Revenue
- $405.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 11/1969
- Data as of
- 12/2021
- EIN
- 56-6065122
Organization Overview
Christ Episcopal Church Foundation Inc is located in Charlotte, NC. The organization was established in 1969. 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. Christ Episcopal Church 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, Christ Episcopal Church Foundation Inc generated $405.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $125.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Christ Episcopal Church Foundation Inc has awarded 51 individual grants totaling $940,240. 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
EDUCATIONAL, CHARITABLE, MISSIONARY, AND OTHER AS PART OF THE MINISTRY OF CHRIST EPISCOPAL CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY OUTREACH - FINANCIAL ASSISTANCE PROVIDED TO 10 LOCAL COMMUNITY ORGANIZATION PROVIDING CRITICAL NEED SERVICES.
7 ACADEMIC SCHOLARSHIPS WERE GRANTED BASED ON FINANCIAL NEED, GOOD CITIZENSHIP, AND SCHOOL ACTIVITIES.
FINANCIAL ASSISTANCE PROVIDED TO CHRIST EPISCOPAL CHURCH FOR PROPERTY, PLANT AND EQUIPMENT NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrington Coulter Treasurer | OfficerTrustee | 0.5 | $0 |
Emily Smith Secretary | OfficerTrustee | 0.5 | $0 |
Suzanne Bledsoe Chair | OfficerTrustee | 0.5 | $0 |
Hooper Hardison Member | Trustee | 0.25 | $0 |
Marks Arnold Member | Trustee | 0.25 | $0 |
Mark Mealy Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,060 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,060 |
| Total Program Service Revenue | $0 |
| Investment income | $137,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $251,802 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $405,204 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,500 |
| Grants and other assistance to domestic individuals. | $12,950 |
| 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 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,004 |
| Fees for services: Other | $10,950 |
| 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 | $125,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $227,653 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $822,158 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,301,321 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,017 |
| Total assets | $5,357,149 |
| 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 | $100,444 |
| Net assets with donor restrictions | $5,256,705 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,357,149 |
Grants Awarded
Over the last fiscal year, Christ Episcopal Church Foundation Inc has awarded $74,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: Affordable Housing | $14,000 |
Charlotte, NC PURPOSE: Outreach | $10,000 |
Charlotte, NC PURPOSE: Outreach | $10,000 |
Charlotte, NC PURPOSE: Outreach | $10,000 |
Charlotte, NC PURPOSE: Outreach | $7,500 |
Charlotte, NC PURPOSE: Outreach | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Christ Episcopal Church Foundation Inc has recieved totaling $6,037.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $6,037 |
Endowment Analysis
| Beg. Balance | $4,842,132 |
| Earnings | $624,160 |
| Admin Expense | $22,004 |
| Net Contributions | $16,060 |
| Other Expense | $10,950 |
| Grants | $92,450 |
| Ending Balance | $5,356,948 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rethink Group Inc Cumming, GA | $5,968,451 | $26,130,363 |
Chesterfield Food Bank Chester, VA | $4,733,303 | $12,678,774 |
Vision Baptist Missions Inc Alpharetta, GA | $4,755,365 | $10,893,530 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
World Outreach Ministries Inc Kennesaw, GA | $2,301,447 | $10,553,778 |
Lutheran Home - Forsyth County Inc Salisbury, NC | $3,585,984 | $11,789,990 |
Timothy Initiative Inc Raleigh, NC | $25,869,697 | $20,418,173 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
Living On The Edge With Chip Ingram Duluth, GA | $7,733,886 | $10,860,458 |
Teen Challenge Job Training Inc Columbus, GA | $2,036,662 | $7,928,506 |
Mercy Multiplied America Inc Nashville, TN | $15,008,837 | $12,307,052 |
Outreach Foundation Of The Presbyterian Church Inc Franklin, TN | $10,682,704 | $9,066,746 |