The W Foster and Mary L Gurley Memorial Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
The W Foster and Mary L Gurley Memorial Foundation is a 501(c)(3) organization based in Raleigh, North Carolina, registered in 1993, with $20,591 in FY2024 revenue. CharityIndex grades it C.
First Citizens Bank Trustee Po Box, Raleigh, NC, 27626 EIN 56-6118129 Since 1993
Revenue (FY2024)
$21K
▲ 3992.4% vs prior year
Expenses (FY2024)
$25K
Net assets
$288K
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 The W Foster and Mary L Gurley Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating138 mo reserves · -21% 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 The W Foster and Mary L Gurley Memorial Foundation: 138 mo reserves · -21% margin earns a C+ 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 The W Foster and Mary L Gurley Memorial Foundation— 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 The W Foster and Mary L Gurley Memorial Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- First Citizens Bank Trustee Po Box, Raleigh, NC, 27626
- City
- Raleigh
- State
- North Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $26K (FY2017) to $21K (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $288K
Operating margin
-21.4%
Spent more than it raised in the latest fiscal year.
Total assets
$288K
Total liabilities
$0
Net assets
$288K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $20,591▲3992% | $25,006▲0.5% | $288,243▼1.5% | $288,243▼1.5% | 990PF |
| 2023 | -$529▼104% | $24,892▼9.2% | $292,558▼8.0% | $292,558▼8.0% | 990PF |
| 2022 | $11,835▼64.4% | $27,421▲11.6% | $317,971▼4.7% | $317,971▼4.7% | 990PF |
| 2021 | $33,269▲51.3% | $24,563▲1.8% | $333,772▲3.2% | $333,772▲3.2% | 990PF |
| 2020 | $21,988▲33.3% | $24,122▼3.0% | $323,274▼1.2% | $323,274▼1.2% | 990PF |
| 2019 | $16,497▼29.5% | $24,870▼0.4% | $327,161▼2.6% | $327,161▼2.6% | 990PF |
| 2018 | $23,402▼9.5% | $24,964▲2.5% | $335,779▼0.5% | $335,779▼0.5% | 990PF |
| 2017 | $25,852 | $24,355 | $337,465 | $337,465 | 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.
Frequently asked questions
- Is The W Foster and Mary L Gurley Memorial Foundation a legitimate nonprofit?
- Yes. The W Foster and Mary L Gurley Memorial Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-6118129, based in Raleigh, North Carolina. Donations are tax-deductible.
- What is The W Foster and Mary L Gurley Memorial Foundation's EIN?
- The W Foster and Mary L Gurley Memorial Foundation's Employer Identification Number (EIN) is 56-6118129.
- How much revenue does The W Foster and Mary L Gurley Memorial Foundation report?
- The W Foster and Mary L Gurley Memorial Foundation reported $20,591 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does The W Foster and Mary L Gurley Memorial Foundation have?
- CharityIndex grades The W Foster and Mary L Gurley Memorial Foundation C, based on financial health (reserves and operating margin).
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Data for The W Foster and Mary L Gurley Memorial Foundation (EIN 56-6118129) 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.