Bolick Foundation
- Assets
- $51.9m
- Revenue
- $7.5m
- Investments
- $51.1m
- Employees
- 0
- Location
- Conover, NC
- Founding
- 09/2017
- Data as of
- 06/2024
- EIN
- 56-6086348
Organization Overview
Bolick Foundation is located in Conover, NC. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bolick Foundation 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 06/2024, Bolick Foundation generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $18.6m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Bolick Foundation has awarded 800 individual grants totaling $35,331,547. 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 |
|---|---|---|---|
Jerome W Bolick President/treasurer | 1.2 | $0 | |
Judith Bolick Munday Secretary | 0.05 | $0 | |
Joyce B Cline Executive Director | 40 | $150,000 | |
Stephen G Dobbins Director | 0.05 | $0 | |
David W Hood Director | 0.05 | $0 | |
Matthew C Harrison Director | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,061,585 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,379,951 |
| Capital Gain Net Income | $6,379,951 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $96,430 |
| Total Revenue | $7,537,966 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,815 |
| Interest | $0 |
| Taxes | $95,409 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $165 |
| Printing and publications | $0 |
| Other expenses | $25,812 |
| Total operating and administrative expenses | $438,122 |
| Contributions, gifts, grants paid | $18,151,369 |
| Total expenses and disbursements | $18,589,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $760,044 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $51,896,881 |
| 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, Bolick Foundation has awarded $18,151,369 in support to 272 organizations.
| Grant Recipient | Amount |
|---|---|
ADULT CHRISTIAN ED FDN PURPOSE: CHURCH PLANTING | $5,000 |
ACT BEYOND PURPOSE: CHURCH PLANTING | $125,519 |
ADULT LIFE PROGRAMS PURPOSE: GENERAL OPERATING FUND | $5,000 |
AFRICAN INLAND MISSION INTERNATIONAL PURPOSE: WINGS OF DAWN | $115,000 |
AMERICAN HEART ASSOCIATION PURPOSE: MISSION GIFT | $3,000 |
AFRICAN INLAND MISSION INTERNATIONAL PURPOSE: HOPE FOR N AFRICA | $140,000 |