Ac & Lillian D Bulla Memorial Foundation

RALEIGH, NC EIN: 56-6065232

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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.8M

+6.1% YoY

Annual Giving

$25K

-80.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$25K

-80.0% YoY

About Ac & Lillian D Bulla Memorial Foundation

Based on IRS filings

Ac & Lillian D Bulla Memorial Foundation is a nonprofit organization, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.8M in total assets. In 2024, it awarded 1 grants totaling $25K. Net investment income was $95K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $150K (100%)

States

North Carolina

Cities

Raleigh

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,773,117	$3,554,530	$3,310,018
Revenue	$105,209	$73,629	$65,621
Expenses	$47,113	$147,851	$116,690
Qualifying Distributions	—	—	—
Net Investment Income	$95,263	$63,404	$55,564
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Edenton Street United Methodist Church ($25,060).

Recipient	Purpose	Amount
EDENTON STREET UNITED METHODIST CHURCH RALEIGH, NC	PERMANENT IMPROVEMENT FOR THE BENEFIT OF THE CHURCH.	$25,060

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOHNNY NEESE	PRESIDENT	2	—
LEE BLACK	VICE PRESIDENT	2	—
BUDDY WHELESS	BOARD MEMBER	2	—
JOYCE LEDBETTER	BOARD MEMBER	2	—
MOLLY WATTERS	BOARD MEMBER	2	—
WILLIS SMITH	BOARD MEMBER	2	—

Frequently Asked Questions

How large is Ac & Lillian D Bulla Memorial Foundation?

As of 2024, Ac & Lillian D Bulla Memorial Foundation holds $3.8M in total assets with $105K in annual revenue. It awarded 1 grants totaling $25K in 2024.

Where does Ac & Lillian D Bulla Memorial Foundation operate?

Ac & Lillian D Bulla Memorial Foundation has awarded grants in North Carolina.

What size grants does Ac & Lillian D Bulla Memorial Foundation award?

In 2024, Ac & Lillian D Bulla Memorial Foundation awarded 1 grants totaling $25K — an average of about $25K per grant, based on its IRS Form 990 filings.

What is Ac & Lillian D Bulla Memorial Foundation's EIN?

Ac & Lillian D Bulla Memorial Foundation's EIN (Employer Identification Number) is 56-6065232. IRS Form 990 filing data is available on this page for 2020–2024.