Grace And Hope Foundation in Matthews, North Carolina (NC)

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Grace And Hope Foundation
Employer Identification Number (EIN)582303901
Name of OrganizationGrace And Hope Foundation
In Care of NameAnna Lisa Johnson
AddressPO BOX 3127, Matthews, NC 28106-3127
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date08/1997
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$5,000,000 to $9,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$6,738,614
Amount of Income$375,505
Form 990 Revenue Amount$316,884
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations

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Amount of income in 2011: $375,505 (it was $895,042 in 2010)
This organization: 

Other organizations performing similar types of work: 


Assets in 2011: $6,738,614 (it was $6,957,248 in 2010)
Grace And Hope Foundation: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$316,884$40,611$294,775
Contributions, gifts, grants, etc., received$25,000
Interest on savings and temporary cash investments$81
Dividends and interest from securities$40,530
Gross rents$0
Gross profit from sales of goods$0
Other income$254,164
Total expenses and disbursements$489,988$2,388$254,164$233,130
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$402,988$2,388$146,130
Contributions, gifts, grants paid$87,000
Excess of revenue over expenses and disbursements$-173,104
Net investment income$38,223
Adjusted net income$40,611
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$6,738,614$4,819,675
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$1,366,667
Investments-corporate bonds$0
Investments-mortgage loans$0
Total liabilities$361,528
Mortgages and other notes payable$0
Total liabilities and net assets/fund balances$6,377,086
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$-2,891
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$382
Total credits and payments$3,635
2011 estimated tax payments and 2010 overpayment credited to 2011$3,635
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Amount to be credited to 2012 estimated tax$3,253
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$1,533,787
Net value of noncharitable-use assets$1,510,780
Minimum investment return$75,539
Distributable Amount (for 2011)
Distributable amount$75,157
Undistributed Income (for 2011)
Distributable amount for 2011$75,157
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The City College 21st Century Foundation Inc138th Street And Convent Avenue, New York, NY 10031NY1997-03$86,641,569
2Center For Inquiry Development Fund3965 Rensch Rd, Amherst, NY 14228-2743NY1998-12$10,791,389
3Chapel Hill Training Outreach Project Inc800 Eastowne Dr Ste 105, Chapel Hill, NC 27514-2215NC1993-05$8,975,022
4Ziering Family Foundation6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA1996-06$3,505,573
5Our Lady Of Divine Providence House Of Prayer Foundation Inc711 S Bayview Ave, Clearwater, FL 33759-4251FL1994-08$283,880
6Julius & Katheryn Hommer Foundation1 W 4th St D4000-041, Winston Salem, NC 27101-3818NC1996-05$5,428,433
7Percy W & Elizabeth G Meekins Charitable Tr, Alexander William G Ttee3717 Benson Dr, Raleigh, NC 27609-7324NC1997-08$2,594,421
8Delema G Deaver Fund 08586-00-D1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28288-0001NC1995-02$1,770,090
9Gunzenhauser-Chapin FundPO BOX 20124, Greensboro, NC 27420-0124NC1998-07$1,415,241
10Robert T And Suellen G Monk Family Foundation Inc1414 Raleigh Rd Ste 445, Chapel Hill, NC 27517-8834NC1997-04$1,221,426
11James T And Valeria B Robertson Foundation, Robertson James T Co-Ttee11 Wakefield Drive, Asheville, NC 28803-4147NC1998-08$1,202,473
12Howard Foundation1 W 4th St, Winston Salem, NC 27101-3818NC1998-12$980,027
13Higgs Foundation8116 Skyecroft Commons Dr, Waxhaw, NC 28173-7459NC1997-08$897,809
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15John P Mcconnell Foundation1 West 4th Street D4000-041, Winston Salem, NC 27101-3818NC1998-08$809,585
16Allen Fund Inc131 Glen Eagle Dr, Waynesville, NC 28786-8165NC1998-09$658,418
17Darrell And Patricia Steagall Family Foundation355 S New Hope Rd Ste 302, Gastonia, NC 28054-4038NC1998-02$619,924
18Knott Family Foundation Inc3210 Medford Rd, Durham, NC 27705-2452NC1997-03$577,124
19Charles Cecil Mckinney Foundation1006 Harvey St, Raleigh, NC 27608-2332NC1997-06$530,429
20Friends Of The Kenan Foundation AsiaBox 3440, Chapel Hill, NC 27599-0001NC1998-03$523,120
Number of organizations performing similar types of work
District of Columbia24
North Carolina135
North Dakota2
New Hampshire17
New Jersey210
New Mexico24
New York530
Rhode Island33
South Carolina40
South Dakota12
West Virginia9
Total5,243 is not associated with, endorsed by, or sponsored by Grace And Hope Foundation and has no official or unofficial affiliation with Grace And Hope Foundation