Palmetto Military Support Group
- Assets
- $15.9k
- Revenue
- $45.4k
- Investments
- $0.0
- Employees
- 0
- Location
- N Charleston, SC
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 47-3509329
Organization Overview
Palmetto Military Support Group is located in N Charleston, SC. The organization was established in 2015. According to its NTEE Classification (T01) the organization is classified as: Alliances & Advocacy, 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. Palmetto Military Support Group 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 12/2021, Palmetto Military Support Group generated $45.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $58.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judi Hughes President | 0 | $0 | |
Ben Azbug Vice-Preside | 0 | $0 | |
Steve Lattuca Treasurer | 0 | $0 | |
Janis Newton Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,675 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,770 |
| Total Revenue | $45,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,751 |
| Total operating and administrative expenses | $24,615 |
| Contributions, gifts, grants paid | $33,613 |
| Total expenses and disbursements | $58,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,949 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,949 |
| Accounts payable and accrued expenses | $85 |
| 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 | $85 |
Grants Awarded
Over the last fiscal year, Palmetto Military Support Group has awarded $33,613 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
JBC PURPOSE: DONATION | $13,044 |
HONORFEST PURPOSE: DONATION | $2,000 |
CHARLESTON CHAPTER AUSA PURPOSE: SERVICE BALL | $1,750 |
617 SPECIAL OPS PURPOSE: DONATION | $1,500 |
AFSA CHAPTER 306 PURPOSE: VARIOUS EVENTS | $1,375 |
CHARLESTON AFB TOP 3 PURPOSE: AWARDS | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Able South Carolina Columbia, SC | $4,363,350 | $4,039,533 |
Atl Tr Atlanta, GA | $2,020,241 | $2,596,416 |
National Balloon Rally Charities Inc Statesville, NC | $302,489 | $60,955 |
Cin Inc Raleigh, NC | $107,898 | $0 |
Palmetto Military Support Group N Charleston, SC | $15,949 | $45,445 |
First United Methodist Church Of Lagrange Memorial Foundation Inc Lagrange, GA | $2,113,905 | $70,158 |
Jimmy Mac Foundation Inc Acworth, GA | $26,419 | $0 |
Bwl Charities Inc Atlanta, GA | $1,985 | $43,039 |
Pee Dee Volunteer Services Florence, SC | $283,867 | $0 |
Beth And Lee Williams Foundation Wilmington, NC | $78,938 | $9,632 |
Veternation Inc Sanford, NC | $8,877 | $0 |
West Lincoln Alumni Association Cherryville, NC | $510 | $0 |