College Of The Albemarle Foundation Inc

Organization Overview

College Of The Albemarle Foundation Inc is located in Elizabeth City, NC. The organization was established in 1980. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Of The Albemarle 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 06/2022, College Of The Albemarle Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT PROGRAMS OF THE COLLEGE OF THE ALBEMARLE

Describe the Organization's Program Activity:

Part 3 - Line 4a

FUNDS PROVIDED TO THE COLLEGE OF THE ALBEMARLE TO AWARD SCHOLARSHIPS TO STUDENTS


FUNDS EXPENDED FOR OR GIVEN TO THE COLLEGE OF THE ALBEMARLE FOR PROGRAM SUPPORT, STAFF DEVELOPMENT, COLLEGE DEVELOPMENT, EQUIPMENT AND BOOKS.


PAYMENTS TO TRUST BENEFICIARIES FOR SPLIT-INTEREST TRUST DISTRIBUTIONS. NET TRUST (S) ASSETS REVERT TO THE FOUNDATION WHEN THE TRUSTS TERMINATE.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Kathy Stallings
President
$0
Jennifer Purcell
Treasurer
$0
Phyllis Bosomworth
Secretary
$0
Will Norrell
Vice Preside
$0
Brian White
Assistant Tr
$0
Dr Catherine Dehart
Executive Di
$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$888,594
Noncash contributions included in lines 1a–1f $311,334
Total Revenue from Contributions, Gifts, Grants & Similar$888,594
Total Program Service Revenue$0
Investment income $226,423
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $313,984
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,429,001

Grants Awarded

Over the last fiscal year, College Of The Albemarle Foundation Inc has awarded $1,747,921 in support to 2 organizations.

Grant RecipientAmount

COLLEGE OF THE ALBEMARLE

PURPOSE: COLLEGE SUPPORT

$1,333,985

COLLEGE OF THE ALBEMARLE

PURPOSE: SCHOLARSHIPS

$413,936
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that College Of The Albemarle Foundation Inc has recieved totaling $35,100.

Awarding OrganizationAmount
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES

$25,000
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$10,000
The Duke Energy Foundation

Charlotte, NC

PURPOSE: MATCHING GIFTS

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,461,907
Earnings-$587,868
Net Contributions$85,397
Other Expense$135,182
Ending Balance$5,824,254

Create an account to unlock the data you need.

or