David R Hayworth Foundation is located in Winston Salem, NC. The organization was established in 1987. 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. David R Hayworth 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 12/2023, David R Hayworth Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 60.1% each year . All expenses for the organization totaled $918.9k during the year ending 12/2023. While expenses have increased by 16.3% per year over the past 5 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.
Since 2019, David R Hayworth Foundation has awarded 49 individual grants totaling $2,040,925. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Linwood L Davis Vice Preside | 1 | $12,500 | |
Elizabeth L Quick President | 2 | $12,500 | |
Deborah Hayworth Director | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Raymond James & Associates | 12/30/23 | $138,337 |
Birmingham Capital Management | 12/30/23 | $70,506 |
Raymond James & Associates | 12/30/23 | $0 |
Birmingham Capital Management | 12/30/23 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $21,064 |
Dividends & Interest | $933,697 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $1,402,214 |
Capital Gain Net Income | $1,402,214 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $2,258 |
Total Revenue | $2,359,233 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $25,000 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $42,486 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $63 |
Total operating and administrative expenses | $416,422 |
Contributions, gifts, grants paid | $502,500 |
Total expenses and disbursements | $918,922 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,389,844 |
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 | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $358 |
Total assets | $43,010,403 |
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 |
Over the last fiscal year, David R Hayworth Foundation has awarded $502,500 in support to 16 organizations.
Grant Recipient | Amount |
---|---|
HIGH POINT COMMUNITY FOUNDATION PURPOSE: NIDO & MARIANA QUBEIN CHILDREN'S MUS | $82,500 |
BIG BROTHERS BIG SISTERS OF THE PURPOSE: MENTORING CENTER | $40,000 |
WESLEY MEMORIAL UNITED METHODIST CH PURPOSE: FEEDING LISA'S KIDS | $10,000 |
THE ART GALLERY AT CONGDON YARDS PURPOSE: CLASSROOM AT ART GALLERY | $100,000 |
HIGH POINT PRESERVATION SOCIETY PURPOSE: OAKWOOD CEMETERY REPAIRS | $240,000 |
ST MARY'S EPISCOPAL CHURCH PURPOSE: GENERAL SUPPORT | $10,000 |