Springmoor Endowment Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561853969 ✦ Raleigh, NC ✦ Designated as a 501(c)(3)

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Overview

What is Springmoor Endowment Fund Inc?

Springmoor Endowment Fund Inc, based in Raleigh, North Carolina, is a nonprofit organization committed to assisting subsidized residents who face financial difficulties. Their primary mission is to ensure that residents, who may have encountered financial reversals, can continue to reside in their community without being unable to pay their regular charges. The fund strives to meet the needs of these residents, providing them with the necessary support to maintain their residence.

Is Springmoor Endowment Fund Inc legitimate?

Springmoor Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Springmoor Endowment Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Springmoor Endowment Fund Inc?

The Springmoor Endowment Fund Inc's mission is centered around providing assistance to residents who encounter financial difficulties, enabling them to continue residing in their community. In such situations where regular charges become a challenge, the fund steps in to ensure the residents' needs are met, thereby maintaining their residence. This support is extended to subsidized residents who, otherwise, would be unable to meet their financial obligations.

Who is the CEO of Springmoor Endowment Fund Inc?

William Baxley is the Member of Springmoor Endowment Fund Inc.

What is the revenue of Springmoor Endowment Fund Inc?

Springmoor Endowment Fund Inc's revenue in 2022 was $647,906.

Who are the executives of Springmoor Endowment Fund Inc and what are their salaries?


Here are 9 key members and their salaries:


Charles B Ballard (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Baxley (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nina Cole (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Ann Freeman (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Hill (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ernest Carraway Jr (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Marley (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chuck Millsaps (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Walton (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Springmoor Endowment Fund Inc?

Springmoor Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Springmoor Endowment Fund Inc

Springmoor Endowment Fund Inc is committed to a noble mission. This nonprofit organization aims to provide financial assistance to residents who encounter financial reversals, enabling them to continue residing within the community despite their inability to pay their regular charges. By doing so, Springmoor Endowment Fund Inc ensures that these individuals' essential needs are met, thereby maintaining their residency within the community. The primary focus of this organization is to offer a helping hand to those who find themselves in financial hardship, thereby preserving their quality of life.

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Impact




October, 2024

Springmoor Endowment Fund Inc directly impacts the lives of residents facing financial challenges by providing essential support to those unable to meet their regular charges due to unforeseen financial reversals. This commitment ensures that individuals can maintain their residence and receive the care they need, regardless of their economic circumstances. By addressing the financial needs of residents, Springmoor not only secures a stable living environment but also fosters a sense of community and dignity among those who might otherwise feel vulnerable or isolated. This mission enhances the overall quality of life for residents, allowing them to focus on their well-being while alleviating the stress associated with financial instability.




This information is meant to be a general summary of Springmoor Endowment Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$647,906 (2022)
Expenses
$325,069 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $418,710
  • Gross Receipts: $3,578,487

Assets and Liabilities:

  • Total Assets: $8,903,326
  • Total Liabilities: $60,404
  • Net Assets: $8,842,922

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Organization Details

Founding Year

1993

Principal Officer

William Baxley

Main Address

1500 SAWMILL ROAD, RALEIGH, NC, 27615

NTEE Category

Code: T00 - Philanthropy

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