Norris Family Foundation
- Assets
- $1.4m
- Revenue
- $50.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 62-1843614
Organization Overview
Norris Family Foundation is located in Charlotte, NC. The organization was established in 2003. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norris Family 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 12/2021, Norris Family Foundation generated $50.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 53.7% each year . All expenses for the organization totaled $107.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Norris Family Foundation has awarded 44 individual grants totaling $133,850. 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 |
|---|---|---|---|
Edwin Ward Norris Treasurer And Director | 0 | $0 | |
Cheryl A Norris Secretary And Director | 0 | $0 | |
Laura N Robinson President And Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,552 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,279 |
| Capital Gain Net Income | $23,279 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $139 |
| Total Revenue | $49,990 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,858 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $27,587 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $107,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,699 |
| Savings and temporary cash investments | $1,266,897 |
| 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 | $513 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,351,109 |
| 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, Norris Family Foundation has awarded $80,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
SECOND HELPING PURPOSE: TO PROVIDE FOOD TO INDIVIDUALS | $25,000 |
FOOD BANK OF CENTRAL AND EASTERN NC PURPOSE: OPERATIONS | $5,000 |
CHARLOTTE RESCUE MISSION PURPOSE: TO ASSIST WITH ADDICTION RECOVERY PROGRAMS | $5,000 |
Raleigh, NC PURPOSE: TO SUPPORT MISSION OF CAROLINA BALLET | $5,000 |
EMITE PURPOSE: TO FUND GLOBAL PROJECTS | $5,000 |
Charlotte, NC PURPOSE: STOP INTIMATE PARTNER VIOLENCE AND ABUSE BEFORE IT STARTS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walton Electric Trust Inc Monroe, GA | $5,022,901 | $2,337,063 |
The Empty Stocking Fund Inc Atlanta, GA | $3,409,829 | $2,169,289 |
Ferst Readers Inc Madison, GA | $2,420,121 | $2,368,538 |
Kramden Institute Inc Durham, NC | $4,737,614 | $3,356,768 |
Ij And Hilda M Breeden Foundation Manassas, VA | $0 | $710,250 |
A Soldiers Child Inc Murfreesboro, TN | $854,539 | $1,143,994 |
Lions Pride Foundation Inc Salisbury, NC | $2,186,624 | $85,831 |
Creating Connected Communities Atlanta, GA | $683,448 | $909,666 |
W4h Asheville Asheville, NC | $308,320 | $563,011 |
Chesterfield-Colonial Heights Christmas Mother Inc Chesterfield, VA | $158,892 | $451,021 |
Sweet Sleep Inc Brentwood, TN | $234,022 | $434,052 |
Mushayamunda Christian Development Foundation Winston Salem, NC | $754,964 | $529,699 |