Spiro B & Patricia Culver Mitsos Foundation Inc
- Assets
- $563.3k
- Revenue
- $134.8k
- Investments
- $549.0k
- Employees
- 0
- Location
- Columbia, TN
- Founding
- 09/1998
- Data as of
- 12/2023
- EIN
- 35-2037852
Organization Overview
Spiro B & Patricia Culver Mitsos Foundation Inc is located in Columbia, TN. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Spiro B & Patricia Culver Mitsos 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 12/2023, Spiro B & Patricia Culver Mitsos Foundation Inc generated $134.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $31.0k during the year ending 12/2023. While expenses have increased by 1.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Spiro B & Patricia Culver Mitsos Foundation Inc has awarded 126 individual grants totaling $278,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia S Mitsos President | 1 | $0 | |
Linda S Wright Vice-President | 0 | $0 | |
Manina M Charnes Director | 0 | $0 | |
Lisa N Collins Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $458 |
| Dividends & Interest | $19,146 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $115,224 |
| Capital Gain Net Income | $115,224 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $134,828 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,800 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,217 |
| Total operating and administrative expenses | $6,017 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $31,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,309 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $563,347 |
| 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, Spiro B & Patricia Culver Mitsos Foundation Inc has awarded $25,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
EASTER SEALS PURPOSE: UNRESTRICTED DONATION | $3,000 |
EVANSVILLE PHILHARMONIC ORCHESTRA PURPOSE: UNRESTRICTED DONATION | $1,000 |
EVANSVILLE RESCUE MISSION PURPOSE: UNRESTRICTED DONATION | $500 |
EVSC FOUNDATION PURPOSE: UNRESTRICTED DONATION | $1,000 |
HOLY ROSARY CHURCH PURPOSE: UNRESTRICTED DONATION | $2,000 |
INDIANA STATE UNIVERSITY FOUNDATION PURPOSE: UNRESTRICTED DONATION | $3,000 |