Stephen D Mitchell Foundation Inc
- Assets
- $2.4m
- Revenue
- $261.4k
- Investments
- $2.3m
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 02/2013
- Data as of
- 12/2023
- EIN
- 46-0743407
Organization Overview
Stephen D Mitchell Foundation Inc is located in Greenville, SC. The organization was established in 2013. 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. Stephen D Mitchell 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, Stephen D Mitchell Foundation Inc generated $261.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $206.0k 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, Stephen D Mitchell Foundation Inc has awarded 72 individual grants totaling $1,022,660. 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 |
|---|---|---|---|
Hume Lucas Mitchell Jr Pres/secreta | 0 | $10,000 | |
Mary Lucas Mitchell VP Chairman | 0 | $10,000 | |
Rebecca Mitchell Trustee | 0 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,657 |
| Dividends & Interest | $46,847 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $202,884 |
| Capital Gain Net Income | $34 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $261,388 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,043 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $60,478 |
| Contributions, gifts, grants paid | $145,500 |
| Total expenses and disbursements | $205,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7 |
| Savings and temporary cash investments | $87,827 |
| 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 | $2,364,046 |
| 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, Stephen D Mitchell Foundation Inc has awarded $145,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHALLENGE TO CONQUER CANCER PURPOSE: SUPPORT | $6,000 |
YMCA CAMP GREENVILLE PURPOSE: SUPPORT | $75,000 |
ST JAMES EPISCOPAL CHURCH PURPOSE: SUPPORT | $25,000 |
HOLY TRINITY ANGLICAN CHURCH PURPOSE: SUPPORT | $5,000 |
AMERICAN CANCER SOCIETY PURPOSE: SUPPORT | $1,500 |
FAITH CHAPEL PURPOSE: SUPPORT | $10,000 |