Michael M Holt Family Foundation
- Assets
- $1.2m
- Revenue
- $27.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Burlington, NC
- Founding
- Data as of
- 06/2024
- EIN
- 87-4054355
Organization Overview
Michael M Holt Family Foundation is located in Burlington, NC. 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. Michael M Holt 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 06/2024, Michael M Holt Family Foundation generated $27.9k in total revenue. All expenses for the organization totaled $131.5k during the year ending 06/2024.
Since 2022, Michael M Holt Family Foundation has awarded 12 individual grants totaling $300,535. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE DONATION TO SIX NOT FOR PROFIT ORGANIZATIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael M Holt President | 0 | $0 | |
Katherine M Holt Vice Preside | 0 | $0 | |
Marguerite H Maggi Treasurer | 0 | $0 | |
Amanda M Holt Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,027 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,912 |
| Capital Gain Net Income | $5,876 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,939 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $476 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,935 |
| Total operating and administrative expenses | $7,286 |
| Contributions, gifts, grants paid | $124,214 |
| Total expenses and disbursements | $131,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,680 |
| 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 | $1,189,334 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,196,014 |
| 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, Michael M Holt Family Foundation has awarded $124,214 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL AND RESTRICTED FUNDING | $16,096 |
THE BURLINGTON SCHOOL PURPOSE: RESTRICTED AND GENERAL FUNDING | $56,032 |
EPISCOPAL HIGH SCHOOL PURPOSE: RESTRICED AND GENERAL FUNDING | $49,086 |
DAVIDSON COLLEGE PURPOSE: RESTRICTED AND GENERAL FUNDING | $3,000 |