Gorrell Family Foundation Inc

Greensboro, NC
Tax-exempt since July 1998
EIN: 56-2089597

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$315k (2024)

Expenses

$317k (2024)

Total Assets

$4.01M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$314,541

Expenses

$316,915

Net Income

-$2,374

Net Assets

$4,006,421

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$244,557	77.8%
Sales of Assets	$69,984	22.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$239,711	75.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,006,421
Total Liabilities	$0
Net Assets	$4,006,421

Compensation

Key Employees and Officers	Compensation	Other
Robert Cratch (President)	$0	$0
Mary Gorrell Jones (Treasurer)	$0	$0

990-PF

Filed on June 30, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$184,469

Expenses

$364,870

Net Income

-$180,401

Net Assets

$4,008,795

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$175,559	95.2%
Sales of Assets	$8,910	4.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$300,000	82.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,008,795
Total Liabilities	$0
Net Assets	$4,008,795

Compensation

Key Employees and Officers	Compensation	Other
Robert Cratch (President)	$0	$0
Mary Gorrell Jones (Treasurer)	$0	$0

990-PF

Filed on May 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$207,023

Expenses

$364,546

Net Income

-$157,523

Net Assets

$4,189,196

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$120,140	58.0%
Sales of Assets	$86,883	42.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$300,000	82.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,189,196
Total Liabilities	$0
Net Assets	$4,189,196

Compensation

Key Employees and Officers	Compensation	Other
Sally Kuratnick (President)	$0	$0
Mary Gorrell Jones (Treasurer)	$0	$0

990-PF

Filed on May 10, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$300,874

Expenses

$318,127

Net Income

-$17,253

Net Assets

$4,346,719

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$195,346	64.9%
Sales of Assets	$105,528	35.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$245,562	77.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,346,719
Total Liabilities	$0
Net Assets	$4,346,719

Compensation

Key Employees and Officers	Compensation	Other
Sally Kuratnick (President)	$0	$0
Mary Gorrell Jones (Treasurer)	$0	$0

990-PF

Filed on May 11, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$176,156

Expenses

$302,630

Net Income

-$126,474

Net Assets

$4,363,971

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$45,097	25.6%
Interest Revenue	$0
Dividends	$131,059	74.4%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$246,000	81.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,363,972
Total Liabilities	$1
Net Assets	$4,363,971

Compensation

Key Employees and Officers	Compensation	Other
Sally Kuratnick (President)	$0	$0
Mary Gorrell Jones (Treasurer)	$0	$0

990-PF

Filed on April 30, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$141,508

Expenses

$208,601

Net Income

-$67,093

Net Assets

$4,490,445

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$141,508	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$142,050	68.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,490,446
Total Liabilities	$1
Net Assets	$4,490,445

Compensation

Key Employees and Officers	Compensation	Other
Sally Kuratnick (President)	$0	$0
Mary Gorrell Jones (Treasurer)	$0	$0

990-PF

Filed on June 3, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$3,217,289

Expenses

$128,926

Net Income

$3,088,363

Net Assets

$4,557,539

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,363,635	73.5%
Interest Revenue	$0
Dividends	$192,464	6.0%
Sales of Assets	$171,661	5.3%
Other Income	$489,529	15.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$93,000	72.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,557,539
Total Liabilities	$0
Net Assets	$4,557,539

Compensation

Key Employees and Officers	Compensation	Other
Sally Kuratnick (President)	$0	$0
Mary Gorrell Jones (Treasurer)	$0	$0

990-PF

Filed on June 7, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$106,080

Expenses

$41,480

Net Income

$64,600

Net Assets

$1,469,176

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$83,412	78.6%
Sales of Assets	$22,668	21.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,000	38.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,469,176
Total Liabilities	$0
Net Assets	$1,469,176

Compensation

Key Employees and Officers	Compensation	Other
Sally Kuratnick (President)	$0	$0
Mary Gorrell Jones (Treasurer)	$0	$0

990-PF

Filed on June 11, 2018

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2016

Revenue

$185,093

Expenses

$119,135

Net Income

$65,958

Net Assets

$1,404,576

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$71,933	38.9%
Sales of Assets	$113,160	61.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$102,000	85.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,404,576
Total Liabilities	$0
Net Assets	$1,404,576

Compensation

Key Employees and Officers	Compensation	Other
Sally Kuratnick (President)	$0	$0
Sarah S Gorrell (Secretary)	$0	$0
Mary Gorrell Jones (Treasurer)	$0	$0

990-PF

Filed on May 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$190,268

Expenses

$130,989

Net Income

$59,279

Net Assets

$1,338,618

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$24,637	12.9%
Sales of Assets	$165,631	87.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$106,000	80.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,338,618
Total Liabilities	$0
Net Assets	$1,338,618

Compensation

Key Employees and Officers	Compensation	Other
Sally Kuratnick (President)	$0	$0
Sarah S Gorrell (Secretary)	$0	$0
Mary Gorrell Jones (Treasurer)	$0	$0

990-PF

Filed on May 11, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$195,138

Expenses

$99,110

Net Income

$96,028

Net Assets

$1,279,339

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$81,000	41.5%
Interest Revenue	$0
Dividends	$21,419	11.0%
Sales of Assets	$92,719	47.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$84,000	84.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,279,339
Total Liabilities	$0
Net Assets	$1,279,339

Compensation

Key Employees and Officers	Compensation	Other
Sally Kuratnick (President)	$0	$0
Sarah S Gorrell (Secretary)	$0	$0
Mary Gorrell Jones (Treasurer)	$0	$0

990-PF

Filed on June 15, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$66,300

Expenses

$94,750

Net Income

-$28,450

Net Assets

$1,183,311

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,978	4.5%
Interest Revenue	$0
Dividends	$27,426	41.4%
Sales of Assets	$35,896	54.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$78,000	82.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,183,311
Total Liabilities	$0
Net Assets	$1,183,311

Compensation

Key Employees and Officers	Compensation	Other
Sally Kuratnick (President)	$0	$0
Sarah S Gorrell (Secretary)	$0	$0
Mary Gorrell Jones (Treasurer)	$0	$0

990-PF

Filed on May 15, 2014

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$55,730

Expenses

$82,921

Net Income

-$27,191

Net Assets

$1,211,761

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$763	1.4%
Dividends	$36,843	66.1%
Sales of Assets	$18,124	32.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,000	82.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,211,761
Total Liabilities	$0
Net Assets	$1,211,761

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$44,189

Expenses

$76,965

Net Income

-$32,776

Net Assets

$1,238,952

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,525	3.5%
Dividends	$33,675	76.2%
Sales of Assets	$8,908	20.2%
Other Income	$81	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,000	78.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,238,952
Total Liabilities	$0
Net Assets	$1,238,952

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Gorrell Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $315k (2024)

Expenses $317k (2024)

Total Assets $4.01M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$315k (2024)

Expenses

$317k (2024)

Total Assets

$4.01M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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