Silverback Foundation Inc
- Assets
- $4.6m
- Revenue
- $382.9k
- Investments
- $1.7m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 03/2005
- Data as of
- 12/2022
- EIN
- 83-0380210
Organization Overview
Silverback Foundation Inc is located in Chapel Hill, NC. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Silverback 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 12/2022, Silverback Foundation Inc generated $382.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $139.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Silverback Foundation Inc has awarded 263 individual grants totaling $1,277,620. 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 |
|---|---|---|---|
Elliot G Bossen Vice President | 1 | $0 | |
Connie Nickell Bossen President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,874 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$47 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $375,094 |
| Total Revenue | $382,921 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $374 |
| Total operating and administrative expenses | $4,725 |
| Contributions, gifts, grants paid | $134,500 |
| Total expenses and disbursements | $139,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,882,950 |
| 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 | $0 |
| Total assets | $4,613,072 |
| 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, Silverback Foundation Inc has awarded $134,500 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN DANCE FESTIVAL PURPOSE: CHARITABLE | $1,000 |
CENTER FOR CHILD AND FAMILY HEALTH PURPOSE: CHARITABLE | $5,000 |
CHATHAM EDUCATION FOUNDATION PURPOSE: EDUCATION ADVANCEMENT | $1,000 |
CHATHAM LITERACY PURPOSE: CHARITABLE | $10,000 |
COMMUNITY MUSIC SCHOOL PURPOSE: CHARITABLE | $1,000 |
CORA FOOD PANTRY PURPOSE: CHARITABLE | $1,500 |