Planters Telecommunications Foundation Inc
- Assets
- $1.8m
- Revenue
- $279.1k
- Investments
- $1.8m
- Employees
- 0
- Location
- Newington, GA
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 46-4250178
Organization Overview
Planters Telecommunications Foundation Inc is located in Newington, GA. The organization was established in 2015. 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. Planters Telecommunications 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, Planters Telecommunications Foundation Inc generated $279.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $185.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Planters Telecommunications Foundation Inc has awarded 66 individual grants totaling $870,501. 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 |
|---|---|---|---|
Brenda Scott Director | 1 | $2,400 | |
Doug Dirst Director | 1 | $2,400 | |
Edwin N Lovett Director/secretary | 1 | $2,400 | |
Franklin Goldwire Director/cfo | 1 | $2,400 | |
John Lacienski Director | 1 | $2,400 | |
Jeff F Lariscy President | 1 | $2,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $135,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,629 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,437 |
| Capital Gain Net Income | $111,437 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $279,066 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,000 |
| Other employee salaries and wages | $5,700 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,305 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $43,597 |
| Contributions, gifts, grants paid | $141,500 |
| Total expenses and disbursements | $185,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,203 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,777,727 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,782,930 |
| Accounts payable and accrued expenses | $585 |
| 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 | $585 |
Grants Awarded
Over the last fiscal year, Planters Telecommunications Foundation Inc has awarded $141,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
EFFINGHAM COUNTY BOARD OF EDUCATION PURPOSE: SUPPORT EDUCATION | $60,000 |
COASTAL GEORGIA COUNCIL BOY SCOUNTS OF AMERICA PURPOSE: SUPPORT EDUCATION | $500 |
HAWK ENRICHMENT CENTER PURPOSE: SUPPORT EDUCATION | $500 |
HABITAT FOR HUMANITY PURPOSE: SUPPPORT HOUSING FOR THOSE IN NEED | $5,000 |
AMIKIDS SAVANNAH RIVER PURPOSE: SUPPORT EDUCATION | $2,500 |
SCREVEN COUNTY BOARD OF EDUCATION PURPOSE: SUPPORT EDUCATION | $60,000 |