S Glass Foundation Inc
- Assets
- $13.9m
- Revenue
- $297.7k
- Investments
- $13.7m
- Employees
- 0
- Location
- Dublin, GA
- Founding
- 12/2003
- Data as of
- 12/2022
- EIN
- 20-0404148
Organization Overview
S Glass Foundation Inc is located in Dublin, GA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. S Glass Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, S Glass Foundation Inc generated $297.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $957.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, S Glass Foundation Inc has awarded 18 individual grants totaling $1,160,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CHARITABLE CONTRIBUTIONS TO ORGANIZATIONS THAT MEET THE REQUIREMENTS TO ASSIST IN FULFILLING THE PURPOSE OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Sexton Cfo/secretary | 0.25 | $0 | |
Phillip Faircloth CEO | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $143,017 |
| Interest on Savings | $172,970 |
| Dividends & Interest | $227,245 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$266,651 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,088 |
| Total Revenue | $297,669 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $6,600 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $546,115 |
| Total operating and administrative expenses | $672,406 |
| Contributions, gifts, grants paid | $285,000 |
| Total expenses and disbursements | $957,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,258 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $41,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,674,952 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,853,210 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, S Glass Foundation Inc has awarded $285,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CRIB - EFRAT PURPOSE: CHARITABLE CONTRIBUTION | $40,000 |
IMPACT ISRAEL PURPOSE: CAHRITABLE CONTRIBUTION | $50,000 |
JAFCO CHILDREN'S ABILITY CENTER PURPOSE: CHARITABLE CONTRIBUTION | $90,000 |
JEWISH FEDERATION OF GREATER ATLANTA PURPOSE: CHARITABLE CONTRIBUTION | $60,000 |
JHLC AGING AND MEMORY CENTER PURPOSE: CHARITABLE CONTRIBUTION | $45,000 |