Kiwanis Foundation Inc Hickory
- Assets
- $1.1m
- Revenue
- $34.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Hickory, NC
- Founding
- 07/1968
- Data as of
- 09/2022
- EIN
- 56-6091767
Organization Overview
Kiwanis Foundation Inc Hickory is located in Hickory, NC. The organization was established in 1968. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kiwanis Foundation Inc Hickory 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 09/2022, Kiwanis Foundation Inc Hickory generated $34.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $51.3k during the year ending 09/2022. While expenses have increased by 5.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION INCOME USED TO MAKE SCHOLARSHIP GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTED SCHOLARSHIPS/AWARDS TO 23 STUDENTS
GRANTED ZAHRA BAKER SCHOLARSHIPS TO 1 STUDENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Landon B Lane Jr Treasurer, Trustee | OfficerTrustee | 3 | $0 |
Rick Foster Secretary, Trustee | OfficerTrustee | 0.5 | $0 |
Bruce Blackburn President, Trustee | OfficerTrustee | 1 | $0 |
Kenneth W Kleva Trustee | Trustee | 0.5 | $0 |
Scott Broome Trustee | Trustee | 0.2 | $0 |
Mac Mcleod Trustee | Trustee | 0.2 | $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 | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $0 |
| Investment income | $38,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,009 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $49,372 |
| 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 | $1,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $51,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,940 |
| Savings and temporary cash investments | $114,611 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $969,087 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,090,638 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,090,638 |
| Total liabilities and net assets/fund balances | $1,090,638 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frankie Lemmon Foundation Inc Raleigh, NC | $6,041,265 | $1,795,716 |
Georgia Association Of Educational Leaders Athens, GA | $1,322,516 | $1,104,671 |
Hamilton County Education Association Chattanooga, TN | $382,786 | $667,511 |
Life Foundation Inc Marietta, GA | $5,030,034 | $2,850,424 |
Wake Forest University Foundation WinstonSalem, NC | $9,248,798 | $15,255 |
American Traffic Safety Services Foundation Inc Fredericksburg, VA | $1,172,992 | $387,258 |
Professional Association Of Georgia Educators Foundation Inc Atlanta, GA | $2,018,591 | $349,575 |
Wake Forest University Development Foundation WinstonSalem, NC | $246,438 | -$10,305 |
Kiwanis Foundation Inc Hickory Hickory, NC | $1,090,638 | $34,544 |