Charles Elbert Bingham & Meta Lunceford Bingham Perpetual
- Assets
- $1.9m
- Revenue
- $90.4k
- Investments
- $1.8m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 07/2016
- Data as of
- 12/2022
- EIN
- 81-6449916
Organization Overview
Charles Elbert Bingham & Meta Lunceford Bingham Perpetual is located in Raleigh, NC. The organization was established in 2016. 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. Charles Elbert Bingham & Meta Lunceford Bingham Perpetual 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 12/2022, Charles Elbert Bingham & Meta Lunceford Bingham Perpetual generated $90.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $140.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Charles Elbert Bingham & Meta Lunceford Bingham Perpetual has awarded 30 individual grants totaling $481,224. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,590 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,792 |
| Capital Gain Net Income | $56,792 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,382 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,788 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,047 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $32,285 |
| Contributions, gifts, grants paid | $107,816 |
| Total expenses and disbursements | $140,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $94,431 |
| 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 | $1,772,878 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,867,309 |
| 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, Charles Elbert Bingham & Meta Lunceford Bingham Perpetual has awarded $107,816 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CENTENARY UNITED METHODIST CHURCH PURPOSE: GENERAL PURPOSES | $43,126 |
PUBLIC LIBRARY OF JOHNSTON COUNTY PURPOSE: GENERAL PURPOSES | $5,391 |
SMITHFIELD AREA MINISTRIES FOOD CLOSET PURPOSE: GENERAL PURPOSES | $4,313 |
SALVATION ARMY OF SMITHFIELD PURPOSE: GENERAL PURPOSES | $11,860 |
JOHNSTON COMMUNITY COLLEGE PURPOSE: GENERAL PURPOSES | $43,126 |