John William Pope Foundation
- Assets
- $131.5m
- Revenue
- $5.8m
- Investments
- $114.9m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 10/1986
- Data as of
- 06/2023
- EIN
- 58-1691765
Organization Overview
John William Pope Foundation is located in Raleigh, NC. The organization was established in 1986. 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. John William Pope 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 06/2023, John William Pope Foundation generated $5.8m 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 (11.9%) each year. All expenses for the organization totaled $17.0m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, John William Pope Foundation has awarded 951 individual grants totaling $60,888,343. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOHN WILLIAM POPE FOUNDATION DISTRIBUTED $15,686,414 TO 200 ORGANIZATIONS DURING THE FISCAL YEAR ENDING 6/30/2023 FOR EDUCATIONAL, CIVIC, AND OTHER PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Arthur Pope Chairman | 10 | $0 | |
Amanda J Pope Vice Chairman | 1 | $0 | |
Joyce L Pope Board Member | 5 | $0 | |
David M Stover Board Member | 10 | $25,000 | |
John M Hood President | 40 | $275,938 | |
Iris Turner Assistant Secretary/treasurer | 27 | $53,292 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $929,540 |
| Dividends & Interest | $2,748,514 |
| Net Rental Income | $119,553 |
| Net Gain on Sale of Assets | $950,874 |
| Capital Gain Net Income | $950,874 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $945,466 |
| Total Revenue | $5,809,394 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $404,229 |
| Other employee salaries and wages | $132,705 |
| Pension plans, employee benefits | $47,257 |
| Interest | $0 |
| Taxes | $102,600 |
| Depreciation | $44,533 |
| Occupancy | $54,301 |
| Travel, conferences, and meetings | $51,964 |
| Printing and publications | $0 |
| Other expenses | $312,808 |
| Total operating and administrative expenses | $1,272,084 |
| Contributions, gifts, grants paid | $15,686,414 |
| Total expenses and disbursements | $16,958,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550,533 |
| Savings and temporary cash investments | $14,055,717 |
| 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 | $1,879,446 |
| Investments—mortgage loans | $0 |
| Investments—other | $114,456,218 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $100,000 |
| Total assets | $131,459,944 |
| 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, John William Pope Foundation has awarded $15,686,414 in support to 269 organizations.
| Grant Recipient | Amount |
|---|---|
4 POINT 0 PURPOSE: UNRESTRICTED | $5,000 |
ACTON INSTITUTE FOR THE STUDY OF RELIGION & LIBERTY PURPOSE: UNRESTRICTED | $20,000 |
ACTS OF VANCE COUNTY INC PURPOSE: UNRESTRICTED | $15,000 |
50CAN INC DBA NORTHCAROLINA CAN PURPOSE: RESTRICTED - NORTHCAROLINACAN | $15,000 |
ADVANCING AMERICAN FREEDOM FOUNDATION PURPOSE: UNRESTRICTED | $250,000 |
ALLIANCE MEDICAL MINISTRY PURPOSE: RESTRICTED - HEALTH & HOPE NOW | $25,000 |