Gravely Foundation Inc

Rocky Mount, NC
Tax-exempt since Oct. 1949
EIN: 56-6044106

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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.

Donations to this organization are tax deductible.

Revenue

$90.7k (2024)

Expenses

$58.2k (2024)

Total Assets

$857k (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

$90,663

Expenses

$58,210

Net Income

$32,453

Net Assets

$856,871

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$23,206	25.6%
Sales of Assets	$67,457	74.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$46,887	80.5%
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	$856,871
Total Liabilities	$0
Net Assets	$856,871

Compensation

Key Employees and Officers	Compensation	Other
J Winston Lea (Trustee)	$0	$0
Jow Gravely Iv (Trustee)	$0	$0
John W Lea Jr (Trustee)	$0	$0

990-PF

Filed on July 15, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$53,561

Expenses

$42,885

Net Income

$10,676

Net Assets

$824,418

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,799	35.1%
Sales of Assets	$34,762	64.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,370	77.8%
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	$824,418
Total Liabilities	$0
Net Assets	$824,418

Compensation

Key Employees and Officers	Compensation	Other
J Winston Lea (Trustee)	$0	$0
Jow Gravely Iv (Trustee)	$0	$0
John W Lea Jr (Trustee)	$0	$0

990-PF

Filed on July 10, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$18,785

Expenses

$41,877

Net Income

-$23,092

Net Assets

$813,742

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,972	74.4%
Sales of Assets	$4,813	25.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,845	76.0%
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	$813,742
Total Liabilities	$0
Net Assets	$813,742

Compensation

Key Employees and Officers	Compensation	Other
J Winston Lea (Trustee)	$0	$0
Jow Gravely Iv (Trustee)	$0	$0
Cynthia Cope (Trustee)	$0	$0

990-PF

Filed on July 18, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$71,674

Expenses

$46,900

Net Income

$24,774

Net Assets

$836,834

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$11,981	16.7%
Sales of Assets	$59,693	83.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,608	73.8%
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	$836,834
Total Liabilities	$0
Net Assets	$836,834

Compensation

Key Employees and Officers	Compensation	Other
J Winston Lea (Trustee)	$0	$0
Jow Gravely Iv (Trustee)	$0	$0
Cynthia Cope (Trustee)	$0	$0

990-PF

Filed on May 16, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$22,948

Expenses

$46,537

Net Income

-$23,589

Net Assets

$812,059

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$194	0.8%
Interest Revenue	$0
Dividends	$19,778	86.2%
Sales of Assets	$2,976	13.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,798	74.8%
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	$812,060
Total Liabilities	$1
Net Assets	$812,059

Compensation

Key Employees and Officers	Compensation	Other
J Winston Lea (Trustee)	$0	$0
Jow Gravely Iv (Trustee)	$0	$0
Cynthia Cope (Trustee)	$0	$0

990-PF

Filed on May 10, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$87,096

Expenses

$46,021

Net Income

$41,075

Net Assets

$835,648

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$33,907	38.9%
Sales of Assets	$53,189	61.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$39,360	85.5%
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	$835,649
Total Liabilities	$1
Net Assets	$835,648

Compensation

Key Employees and Officers	Compensation	Other
J Winston Lea (Trustee)	$0	$0
Jow Gravely Iv (Trustee)	$0	$0
Cynthia Cope (Trustee)	$0	$0

990-PF

Filed on May 26, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$39,461

Expenses

$49,547

Net Income

-$10,086

Net Assets

$794,574

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200	0.5%
Interest Revenue	$0
Dividends	$36,824	93.3%
Sales of Assets	$2,437	6.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$45,973	92.8%
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	$794,574
Total Liabilities	$0
Net Assets	$794,574

Compensation

Key Employees and Officers	Compensation	Other
J Winston Lea (Trustee)	$0	$0
Jow Gravely Iv (Trustee)	$0	$0
Cynthia Cope (Trustee)	$0	$0

990-PF

Filed on May 10, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$23,969

Expenses

$47,543

Net Income

-$23,574

Net Assets

$804,660

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$39,446	> 100%
Sales of Assets	-$15,477
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,418	91.3%
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	$804,660
Total Liabilities	$0
Net Assets	$804,660

Compensation

Key Employees and Officers	Compensation	Other
J Winston Lea (Trustee)	$0	$0
Jow Gravely Iv (Trustee)	$0	$0
Cynthia Cope (Trustee)	$0	$0

990-PF

Filed on May 7, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$38,398

Expenses

$56,127

Net Income

-$17,729

Net Assets

$828,234

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,439	14.2%
Dividends	$41,076	> 100%
Sales of Assets	-$8,117
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,207	85.9%
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	$828,234
Total Liabilities	$0
Net Assets	$828,234

Compensation

Key Employees and Officers	Compensation	Other
J Winston Lea (Trustee)	$0	$0
Jow Gravely Iv (Trustee)	$0	$0
Cynthia Cope (Trustee)	$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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Fiscal Year Ending Dec.
2015

Revenue

$124,115

Expenses

$42,785

Net Income

$81,330

Net Assets

$845,963

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,082	1.7%
Dividends	$36,752	29.6%
Sales of Assets	$85,281	68.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,383	87.4%
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	$845,963
Total Liabilities	$0
Net Assets	$845,963

Compensation

Key Employees and Officers	Compensation	Other
J Winston Lea (Trustee)	$0	$0
Jow Gravely Iv (Trustee)	$0	$0
Cynthia Cope (Trustee)	$0	$0

990-PF

Filed on May 12, 2016

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

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Revenue

$105,587

Expenses

$58,791

Net Income

$46,796

Net Assets

$764,633

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$70	0.1%
Dividends	$40,501	38.4%
Sales of Assets	$65,016	61.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,295	90.7%
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	$764,633
Total Liabilities	$0
Net Assets	$764,633

Compensation

Key Employees and Officers	Compensation	Other
J Winston Lea (Trustee)	$0	$0
Jow Gravely Iv (Trustee)	$0	$0
Cynthia Cope (Trustee)	$0	$0

990-PF

Filed on May 13, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$110,153

Expenses

$45,232

Net Income

$64,921

Net Assets

$717,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$91	0.1%
Dividends	$32,139	29.2%
Sales of Assets	$77,902	70.7%
Other Income	$21	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,437	89.4%
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	$717,837
Total Liabilities	$0
Net Assets	$717,837

Compensation

Key Employees and Officers	Compensation	Other
J Winston Lea (Trustee)	$0	$0
Jow Gravely Iv (Trustee)	$0	$0
Cynthia Cope (Trustee)	$0	$0

990-PF

Filed on May 14, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$94,348

Expenses

$27,539

Net Income

$66,809

Net Assets

$652,915

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$212	0.2%
Dividends	$27,805	29.5%
Sales of Assets	$66,331	70.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,000	72.6%
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	$652,916
Total Liabilities	$1
Net Assets	$652,915

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$72,136

Expenses

$26,210

Net Income

$45,926

Net Assets

$586,106

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$445	0.6%
Dividends	$23,962	33.2%
Sales of Assets	$47,729	66.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,000	76.3%
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	$586,107
Total Liabilities	$1
Net Assets	$586,106

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Gravely Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $90.7k (2024)

Expenses $58.2k (2024)

Total Assets $857k (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

990-T

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

Revenue

$90.7k (2024)

Expenses

$58.2k (2024)

Total Assets

$857k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

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2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2001