Acts 2035 Foundation
- Assets
- $2.4m
- Revenue
- $439.6k
- Investments
- $2.4m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- Data as of
- 12/2022
- EIN
- 84-3947202
Organization Overview
Acts 2035 Foundation is located in Greensboro, NC. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acts 2035 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 12/2022, Acts 2035 Foundation generated $439.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (35.2%) each year. All expenses for the organization totaled $122.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Acts 2035 Foundation has awarded 57 individual grants totaling $350,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVE DELIBERATION AND REVIEW OF THE FOUNDATIONS GUIDING PRINCIPLES WITH NON-PROFIT ORGANIZATIONS THE SPECIFICS OF THESE ACTIONS ARE TO ALIGN WITH ACTS 2035
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecil Little President | 5 | $0 | |
Chad Hockaday Vice President | 5 | $0 | |
Sean Jones Treasurer | 2 | $0 | |
Caitlyn Stogner Secretary | 2 | $0 | |
Patricia Little Board Of Directors | 2 | $0 | |
Chelsea Hockaday Board Of Directors | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $289,664 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,342 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104,547 |
| Capital Gain Net Income | $104,547 |
| Net ST Capital Gain | $1,572 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $439,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $142 |
| Taxes | $368 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,060 |
| Contributions, gifts, grants paid | $103,000 |
| Total expenses and disbursements | $122,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $81,440 |
| 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 | $2,437,131 |
| 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, Acts 2035 Foundation has awarded $103,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ABOLITIONNC PURPOSE: DONATION | $3,000 |
ALCOHOLIC HOME INC PURPOSE: DONATION | $6,000 |
BEYOND PURPOSE: DONATION | $3,000 |
BILLY GRAHAM EVANGELICAL ASSOC PURPOSE: DONATION | $5,000 |
CALDWELL ACADEMY PURPOSE: DONATION | $5,000 |
CBMC INC PURPOSE: DONATION | $4,000 |