Dr Michael F And Sophia M Yarborough Foundation Inc
- Assets
- $763.5k
- Revenue
- $220.6k
- Investments
- $750.4k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 83-0491533
Organization Overview
Dr Michael F And Sophia M Yarborough Foundation Inc is located in Raleigh, NC. The organization was established in 2007. 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. Dr Michael F And Sophia M Yarborough 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, Dr Michael F And Sophia M Yarborough Foundation Inc generated $220.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $112.7k during the year ending 12/2021. While expenses have increased by 9.8% per year over the past 7 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 2016, Dr Michael F And Sophia M Yarborough Foundation Inc has awarded 37 individual grants totaling $619,390. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael F Yarborough Chairman/president | 2 | $0 | |
Sophia M Yarborough Vice President/secy/treasu | 2 | $0 | |
Ben M Yarborough Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $74,138 |
| Interest on Savings | $2 |
| Dividends & Interest | $17,588 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $128,902 |
| Capital Gain Net Income | $128,902 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $220,630 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,472 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,151 |
| Contributions, gifts, grants paid | $94,500 |
| Total expenses and disbursements | $112,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,107 |
| Savings and temporary cash investments | $0 |
| 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 | $763,459 |
| 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, Dr Michael F And Sophia M Yarborough Foundation Inc has awarded $94,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MAYO CLINIC FOUNDATION PURPOSE: CONTINUED FINANCIAL SUPPORT | $50,000 |
THE HILL CENTER PURPOSE: CONTINUED FINANCIAL SUPPORT | $17,000 |
Raleigh, NC PURPOSE: CONTINUED FINANCIAL SUPPORT | $11,500 |
Davidson, NC PURPOSE: FINANCIAL SUPPORT | $10,000 |
Raleigh, NC PURPOSE: FINANCIAL SUPPORT | $3,500 |
FOOD BANK OF EASTERN NC PURPOSE: FINANCIAL SUPPORT | $2,500 |
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 |