Carolinas District Kiwanis Foundation Inc
- Assets
- $1.0m
- Revenue
- $45.8k
- Investments
- $1.0m
- Employees
- 0
- Location
- Fayetteville, NC
- Founding
- 03/1982
- Data as of
- 09/2023
- EIN
- 57-0722205
Organization Overview
Carolinas District Kiwanis Foundation Inc is located in Fayetteville, NC. The organization was established in 1982. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolinas District Kiwanis 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 09/2023, Carolinas District Kiwanis Foundation Inc generated $45.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $48.3k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL ASSISTANCE TO SERVICE PROGRAMS THAT SUPPORT THE MISSION OF KIWANIS INTERNATIONAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MAIN PURPOSE IS PROVIDING FINANCIAL ASSISTANCE IN THE FORM OF GRANTS TO KIWANIS CLUBS, KIWANIS-FAMILY SPONSORED PROGRAMS, AND TO KIWANIS SERVICE PROGRAMS WHOSE SCOPE IS BEYOND THE MEANS OF INDIVIDUAL KIWANIANS, KIWANIS CLUBS OR LOCAL CLUB FOUNDATIONS. IN 2022/2023 THE FOUNDATION PROVIDED MORE THAN $44,000 TO MEMBER KIWANIS CLUBS AS WELL AS OTHER LOCAL ORGANIZIATIONS AND PROGRMS THAT WILL FURTHER THE GOALS AND IDEALS OF KIWANIS AND PROMOTE THE GROWTH AND DEVELOPMENT OF KIWANIS IN THE AREA. IN ADDITION TO PROVIDING GRANTS TO CLUBS ACROSS THE DISTRICT WHICH INCLUDES NORTH CAROLINA AND SOUTH CAROLINA, THE CAROLINAS DISTRICT KIWANIS INFORMS ITS MEMBER CLUBS OF THE NUMEROUS REGIONAL MEETINGS THAT ARE DESIGNED TO PROVIDE THE CLUBS WITH VALUABLE RESOURCES AND TRAINING ON HOW TO GROW AND CARRY OUT THE MISSION OF THE KIWANIS. THE FOLLOWING ARE SOME OF THE WAYS THE FOUNDATION IMPACTED THE LIVES OF CHILDREN IN THE CAROLINAS: A PLAYGROUND IN WAYNESVILLE, A COMMUNITY GARDEN IN TOPSAIL ISLAND, AND A VISION SCREENING PROGRAM IN BLUFFTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Cooper President | OfficerTrustee | 1 | $0 |
Stan Perry Secretary/treasurer | OfficerTrustee | 10 | $0 |
Lynn Deese Director | Trustee | 0 | $0 |
Pete Hoogendonk Director | Trustee | 0 | $0 |
Webster James Director | Trustee | 0 | $0 |
Harold Jones Director | Trustee | 0 | $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 | $33,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,390 |
| Total Program Service Revenue | $0 |
| Investment income | $37,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,822 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,993 |
| Grants and other assistance to domestic individuals. | $1,318 |
| 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 | $1,698 |
| Fees for services: Other | $2 |
| Advertising and promotion | $434 |
| Office expenses | $106 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,477 |
| 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 | $276 |
| Total functional expenses | $48,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,675 |
| Savings and temporary cash investments | $4,529 |
| 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 | $0 |
| Investments—other securities | $1,040,470 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,048,674 |
| 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 | $1,048,674 |
| 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 | $1,048,674 |
Grants Awarded
Over the last fiscal year, Carolinas District Kiwanis Foundation Inc has awarded $18,642 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLINAS DISTRICT OF CIRCLE K INTERNATIONAL PURPOSE: TO FURTHER THE GOALS AND IDEALS OF KIWANIS AND PROMOTE GROWTH AND DEVELOPMENT OF KIWANIS IN THE AREA. | $12,142 |
KIWANIS CLUB OF WAYNESVILLE CHARITABLE CORPORATION PURPOSE: TO FURTHER THE GOALS AND IDEALS OF KIWANIS AND PROMOTE GROWTH AND DEVELOPMENT OF KIWANIS IN THE AREA. | $6,500 |