Myrtle And R T Sinclair Jr Charitable Foundation Inc
- Assets
- $4.7m
- Revenue
- $472.9k
- Investments
- $4.6m
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 05/1993
- Data as of
- 12/2021
- EIN
- 58-2032862
Organization Overview
Myrtle And R T Sinclair Jr Charitable Foundation Inc is located in Wilmington, NC. The organization was established in 1993. 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. Myrtle And R T Sinclair Jr Charitable 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 12/2021, Myrtle And R T Sinclair Jr Charitable Foundation Inc generated $472.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.9%) each year. All expenses for the organization totaled $229.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Myrtle And R T Sinclair Jr Charitable Foundation Inc has awarded 115 individual grants totaling $1,005,750. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby R Whaley President | 0.1 | $0 | |
W Talmage Jones Member | 0.1 | $0 | |
James B Sinclair Assistant Secretary | 0.1 | $0 | |
Michael Prevatte Secretary | 0.1 | $0 | |
Garry Garris Treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $92,673 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $386,594 |
| Capital Gain Net Income | $386,594 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$6,386 |
| Total Revenue | $472,881 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,484 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,321 |
| Total operating and administrative expenses | $46,754 |
| Contributions, gifts, grants paid | $182,500 |
| Total expenses and disbursements | $229,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $147,589 |
| 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 | $1,772,059 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,162 |
| Total assets | $4,725,048 |
| 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, Myrtle And R T Sinclair Jr Charitable Foundation Inc has awarded $182,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Wilmington, NC PURPOSE: TO MEET THE PHYSICAL, EMOTIONAL AND PSYCHOLOGICAL NEEDS OF CHILDREN WHO HAVE SUFFERED PHYSICAL OR SEXUAL ABUSE AND TO IMPROVE THE COMMUNITY THROUGH CHILD ABUSE EDUCATION AND PREVENTION. | $20,000 |
Burgaw, NC PURPOSE: TO MINISTER TO THE RESIDENTS OF PENDER COUNTY BY ADDRESSING THEIR NEEDS FOR FOOD AND CLOTHING. | $15,000 |
BRUNSWICK FAMILY ASSISTANCE PURPOSE: TO IMPROVE THE LIVES OF FAMILIES AND INDIVIDUALS IN CRISIS IN BRUNSWICK COUNTY, WHO ARE WILLING TO HELP THEMSELVES, BY PROVIDING EMERGENCY ASSISTANCE AND EDUCATIONAL AND SKILLS DEVELOPMENT PROGRAMS. | $15,000 |
NEW HANOVER COUNTY SENIOR RESOURCE CENTER PURPOSE: TO REFLECT AND RENEW TO BUILD A COMMUNITY THAT CREATES IMPACTFUL CHANGE. | $10,000 |
Wilmington, NC PURPOSE: TO PROVIDE CARE AND COMFORT TO PATIENTS WITH LIFE-LIMITING ILLNESS; SUPPORT AND COUNSELING TO FAMILIES; AND EDUATION TO THE COMMUNITY. | $10,000 |
GOOD SHEPHERD CENTER PURPOSE: TO FEED THE HUNGRY, SHELTER THE HOMELESS, AND FOSTER TRANSITION TO HOUSING. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |