Edward M Armfield Sr Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
Edward M Armfield Sr Foundation Inc is a 501(c)(3) organization based in Greensboro, North Carolina, registered in 2000, with $6,809,951 in FY2024 revenue. CharityIndex grades it C+.
324 W Wendover Ave Ste 130, Greensboro, NC, 27408 EIN 56-2156876 Since 2000
Revenue (FY2024)
$6.8M
▲ 162.7% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$3.8M
Net assets
$42.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Edward M Armfield Sr Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating134 mo reserves · +45% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Edward M Armfield Sr Foundation Inc: 134 mo reserves · +45% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Edward M Armfield Sr Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Edward M Armfield Sr Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 324 W Wendover Ave Ste 130, Greensboro, NC, 27408
- City
- Greensboro
- State
- North Carolina
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $1.9M (FY2015) to $6.8M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.4MNet assets $42.1M
Operating margin
44.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$46.4M
Total liabilities
$4.4M
Net assets
$42.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $6,809,951▲163% | $3,756,504▲318% | $42,052,173▲5.5% | $46,433,925▼13.3% | 990PF |
| 2023 | $2,592,654▼46.6% | -$1,722,988▼105% | $39,846,834▲12.1% | $53,543,121▲4.3% | 990PF |
| 2022 | $4,850,821▼11.0% | $33,662,907▲892% | $35,531,192▼44.8% | $51,338,483▼25.4% | 990PF |
| 2021 | $5,451,551▼3.9% | $3,394,574▼24.7% | $64,343,278▲8.1% | $68,779,889▲5.5% | 990PF |
| 2020 | $5,669,903▲91.1% | $4,506,112▼31.3% | $59,536,279▲9.5% | $65,188,265▲1.8% | 990PF |
| 2019 | $2,966,238▲21.0% | $6,558,544▲54.4% | $54,379,389▲5.6% | $64,022,815▲8.4% | 990PF |
| 2018 | $2,451,338▼73.4% | $4,248,360▲43.4% | $51,490,973▼11.4% | $59,069,159▼7.3% | 990PF |
| 2017 | $9,207,090▲374% | $2,961,822▼71.8% | $58,088,203▲11.6% | $63,708,529▲6.2% | 990PF |
| 2015 | $1,941,633 | $10,500,134▼14.9% | $52,048,921▼2.7% | $59,974,447▲8.9% | 990PF |
| 2011 | — | $12,341,016▲225% | $53,517,006▼10.7% | $55,095,515▼12.3% | 990PF |
| 2010 | — | $3,802,683 | $59,912,439 | $62,833,953 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Edward M Armfield Sr Foundation Inc a legitimate nonprofit?
- Yes. Edward M Armfield Sr Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-2156876, based in Greensboro, North Carolina. Donations are tax-deductible.
- What is Edward M Armfield Sr Foundation Inc's EIN?
- Edward M Armfield Sr Foundation Inc's Employer Identification Number (EIN) is 56-2156876.
- How much revenue does Edward M Armfield Sr Foundation Inc report?
- Edward M Armfield Sr Foundation Inc reported $6,809,951 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Edward M Armfield Sr Foundation Inc have?
- CharityIndex grades Edward M Armfield Sr Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Edward M Armfield Sr Foundation Inc (EIN 56-2156876) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.