Te Powell Biology Foundation

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

EIN: 591773235 ✦ Greensboro, NC ✦ Designated as a 501(c)(3)

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Overview

What is Te Powell Biology Foundation?

The Te Powell Biology Foundation, situated in Greensboro, North Carolina, is a nonprofit organization that supports the Biology Department at Elon University. It operates as a passive trust, generating income from dividends and interest gained through investments. The primary mission of this foundation is to provide continuous aid and assistance to meet the department's needs. By doing so, it contributes to the overall growth and development of the Biology Department at Elon University.

Is Te Powell Biology Foundation legitimate?

Te Powell Biology Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Te Powell Biology Foundation 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: $5,887

For more financial information, click here

What is the mission statement of Te Powell Biology Foundation?

The Te Powell Biology Foundation's mission is centered around supporting the Biology Department of Elon University. It aims to provide ongoing assistance for the department's needs, ensuring its continued growth and success. The foundation operates as a passive trust, deriving income from dividends and interest earned through investments. Its primary role is to contribute financially to the department's requirements, thereby playing a crucial role in advancing biological research and education at Elon University.

Who is the CEO of Te Powell Biology Foundation?

Thomas E Powell Iii is the Trustee/Chai of Te Powell Biology Foundation.

What is the revenue of Te Powell Biology Foundation?

Te Powell Biology Foundation's revenue in 2022 was $44,456.

Who are the executives of Te Powell Biology Foundation and what are their salaries?


Here are 7 key members and their salaries:


Thomas E Powell Iii (Trustee/Chai)
  • Compensation: $0
  • Related: $0
  • Other: $0
James B Powell (Trustee/Pres)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leo Lambert (Trustee/V. P)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry R Tolley (Trustee/Sec)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald L Francis (Trustee/Tre&)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregg Haenel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trust Company Of The South (Corporate Tr)
  • Compensation: $5,887
  • Related: $0
  • Other: $0
Where can I find the form 990 for Te Powell Biology Foundation?

Te Powell Biology Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Te Powell Biology Foundation

The Te Powell Biology Foundation is committed to aiding the Biology Department at Elon University. Its primary mission is to offer ongoing support for the department's requirements. Operating as a passive trust, the foundation generates income through dividends and interest from investments, which it then utilizes to fulfill its purpose. By providing financial assistance, the Te Powell Biology Foundation plays a significant role in bolstering the capabilities and resources of the Biology Department at Elon University.

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Impact




October, 2024

The Te Powell Biology Foundation significantly impacts the Biology Department at Elon University by providing essential financial support through grants. By operating as a passive trust, it ensures a continuous flow of resources derived from dividends and interest generated through investments. This ongoing assistance helps fulfill the department's needs, enhancing educational opportunities, research capabilities, and overall academic growth for students and faculty. Located in Greensboro, NC, the foundation's mission aligns with advancing the field of biology education, thereby contributing to the broader community's knowledge and understanding of biological sciences.




This information is meant to be a general summary of Te Powell Biology Foundation. 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
$44,456 (2022)
Expenses
$6,487 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $44,456
  • Gross Receipts: $44,456

Assets and Liabilities:

  • Total Assets: $908,924
  • Total Liabilities: $0
  • Net Assets: $908,924

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Organization Details

Principal Officer

Thomas E Powell Iii

Main Address

800 GREEN VALLEY ROAD SUITE 304, GREENSBORO, NC, 27408

NTEE Category

Code: B11 - Education

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