German Friendly Society Foundation
- Assets
- $357.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 45-3735906
Organization Overview
German Friendly Society Foundation is located in Charleston, SC. The organization was established in 2012. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. German Friendly Society Foundation 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, German Friendly Society Foundation generated $31.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $9.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
UPON ESTABLISHMENT OF THE ENDOWMENT THAT WILL PROVIDE AN INCOME STREAM, THE FOUNDATION WILL PROVIDE SCHOLARSHIPS TO VARIOUS INSTITUTIONS OF HIGHER EDUCATION FOR THEIR GERMAN LANGUAGE DEPARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Maull President | 3 | $0 | |
Gordon L Mccay Treasurer | 3 | $0 | |
David Hill Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,326 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $10,164 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $18,899 |
| Other Revenue | $0 |
| Total Revenue | $31,389 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,236 |
| Total expenses | $9,236 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $357,050 |
| Other assets | $0 |
| Total assets | $357,050 |
| Total liabilities | $0 |
| Net assets or fund balances | $357,050 |