Holt Brothers Foundation Inc
- Assets
- $456.3k
- Revenue
- $255.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Raleigh, NC
- Founding
- 05/2001
- Data as of
- 06/2023
- EIN
- 56-6570426
Organization Overview
Holt Brothers Foundation Inc is located in Raleigh, NC. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Holt Brothers 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 06/2023, Holt Brothers Foundation Inc generated $255.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $450.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Holt Brothers Foundation Inc has awarded 20 individual grants totaling $253,868. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FAMILY-CENTERED CARE FOR KIDS WHO ARE IMPACTED BY A PARENT'S CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMP KESEM. A NATIONWIDE COMMUNITY THAT SUPPORTS CHILDREN THROUGH AND BEYOND THEIR PARENT'S CANCER WITH FREE SUMMER CAMPS.KIDS CAN! A UNIQUE PROGRAM THAT PROVIDES EDUCATION, EMOTIONAL SUPPORT, PEER EMPATHY, AND INSPIRATION FOR CHILDREN WITH A PARENT WITH CANCER.THE FOUNDATION ALSO SUPPORTS NUMEROUS OTHER ORGANIZATIONS: LEUKEMIA & LYMPHONA SOCIETY- AN ORGANIZATION FOCUSED ON FUNDING RESEARCH, FINDING CURES, AND ENSURING ACCESS TO TREATMENTS FOR BLOOD RELATED CANCER PATIENTS.DUKE CANCER CENTER INSTITUTE - AN ORGANIZATION DEDICATED TO DEVELOPING A WAY TO END CANCER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Torry Holt President | OfficerTrustee | 5 | $0 |
Ryan Switzer Board Chair | OfficerTrustee | 1 | $0 |
Dion Bennett Board Member | Trustee | 1 | $0 |
Reggie Joe Board Member | Trustee | 1 | $0 |
Lisa Schiller Board Member | Trustee | 1 | $0 |
Mike Wolgin Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,984 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,255 |
| Total Program Service Revenue | $0 |
| Investment income | $13,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $74,325 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,835 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,501 |
| Grants and other assistance to domestic individuals. | $20,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,725 |
| Compensation of current officers, directors, key employees. | $29,575 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $10,962 |
| Other employee benefits | $7,092 |
| Payroll taxes | $7,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,057 |
| Advertising and promotion | $43,877 |
| Office expenses | $20,660 |
| Information technology | $632 |
| Royalties | $0 |
| Occupancy | $540 |
| Travel | $5,101 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,799 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $408 |
| All other expenses | $209 |
| Total functional expenses | $450,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,528 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,985 |
| 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 | $287,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $456,257 |
| Accounts payable and accrued expenses | $67,552 |
| 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 | $67,552 |
| Net assets without donor restrictions | $388,705 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $456,257 |
Grants Awarded
Over the last fiscal year, Holt Brothers Foundation Inc has awarded $153,368 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CONTEMPORARY ART MUSEUM PURPOSE: CHARITABLE | $10,000 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: OPERATIONAL SUPPORT | $5,000 |
REX HEALTHCARE FOUNDATION PURPOSE: KIDSCAN | $7,500 |
DUKE CANCER INSTITUTE PURPOSE: KIDSCAN | $70,868 |
ALAMANCE REGIONAL CHARITABLE FOUNDATION PURPOSE: CHARITABLE | $7,500 |
CAMP KESEM NATIONAL PURPOSE: CHARITABLE | $22,500 |