Public Charity

AC & LILLIAN D BULLA MEMORIAL FOUNDATION

AC & LILLIAN D BULLA MEMORIAL FOUNDATION is a Public Charity headquartered in RALEIGH, NC. Financial data from the 2024 filing: $105K revenue, $47K expenses, $3.8M total assets. IRS filings disclose 4 grants awarded by this foundation, totaling roughly $384K.

EIN: 566065232 RALEIGH, NC Latest filing: 2024
Total Revenue$105K
Total Expenses$47K
Total Assets$3.8M
Grants Given4
Grant Total$384K
Filing Years2020–2024

Mission

THE PURPOSE OF THE A.C. AND LILLIAN D. BULLA MEMORIAL FOUNDATION, INC. IS TO USE THE NET INCOME RECEIVED FROM THE PRINCIPAL FUNDS HELD BY THE FOUNDATION FOR TWO PURPOSES: A STUDENT LOAN FUND AND A PERMANENT IMPROVEMENT FUND. THE STUDENT LOAN FUND IS AVAILABLE UPON AN APPLICATION AND REVIEW PROCESS AND APPROVAL BY THE BOARD. THE PERMANENT IMPROVEMENT FUND IS MEANT TO BE A LASTING TRIBUTE TO THE BULLAS AND IS AVAILABLE UPON APPROVAL OF THE BOARD.

Sample Grants Given

EDENTON STREET UNITED METHODIST CHURCH
RALEIGH, NC · 2024
PERMANENT IMPROVEMENT FOR THE BENEFIT OF THE CHURCH.
$25,060
EDENTON STREET UNITED METHODIST CHURCH
RALEIGH, NC · 2023
PERMANENT IMPROVEMENT FOR THE BENEFIT OF THE CHURCH.
$125,000
EDENTON STREET UNITED METHODIST CHURCH
RALEIGH, NC · 2020
CAPITAL IMPROVEMENTS
$39,632
EDENTON STREET UNITED METHODIST CHURCH
RALEIGH, NC · 2019
CAPITAL IMPROVEMENTS
$193,846

Showing up to 5 of 4 total records — full history available with membership.

Officers & Directors

BOARD MEMBER Buddy Wheless
PRESIDENT Johnny Neese
BOARD MEMBER Joyce Ledbetter
VICE PRESIDENT Lee Black
BOARD MEMBER Molly Watters
BOARD MEMBER Willis Smith

Officer compensation and complete director data available with membership.

Top Grant Purposes

CAPITAL IMPROVEMENTS
$233,478 2 grants
PERMANENT IMPROVEMENT FOR THE BENEFIT OF THE CHURCH.
$150,060 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $105K $47K $3.8M
2023 $74K $148K $3.6M
2022 $66K $117K $3.3M
2021 $407K $19K $3.9M
2020 $8K $58K $3.5M

Between 2020 and 2024, reported annual revenue grew from $8K to $105K (+1288%), with total assets most recently reported at $3.8M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in NC.

NC

Full geographic grant map with state-by-state breakdown available with membership.

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