Lucy Harper Grier Benevolent Foundation
- Assets
- $2.1m
- Revenue
- $226.3k
- Investments
- $2.1m
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 54-2082667
Organization Overview
Lucy Harper Grier Benevolent Foundation is located in Spartanburg, SC. The organization was established in 2003. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucy Harper Grier Benevolent 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 12/2021, Lucy Harper Grier Benevolent Foundation generated $226.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.2% each year . All expenses for the organization totaled $87.2k during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE AND PHILANTHROPIC ENDEAVORS IN SUPPORT OF AND IN CONJUCTION WITH THE SPARTANBURG COUNTY FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO SUPPORT PHILANTHROPIC ENDEAVORS IN SPARTANBURG COUNTY IN SUPPORT OF THE SPARTANBURG COUNTY FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary G Wheless Vice Chairman | OfficerTrustee | 1 | $0 |
Troy M Hanna Secretary | OfficerTrustee | 1 | $0 |
James H Grier Chairman (deceased) | OfficerTrustee | 1 | $0 |
Charlotte G Gee VP | OfficerTrustee | 1 | $0 |
Joe H Towson Treasurer | OfficerTrustee | 1 | $0 |
Kathleen M Cates Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,631 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,631 |
| Total Program Service Revenue | $0 |
| Investment income | $26,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,468 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $22,808 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $928 |
| Total functional expenses | $87,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,059,367 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,059,367 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,059,367 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,059,367 |
Grants Awarded
Over the last fiscal year, Lucy Harper Grier Benevolent Foundation has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: GENERAL SUPPORT | $10,000 |
Sewanee, TN PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jason And Adriana West Foundation Cary, NC | $5,027,452 | $160,716 |
Cleveland High School Band Parents Association Garner, NC | $80,928 | $387,764 |
Twinkling Eyes Foundation Mount Pleasant, SC | $3,161,046 | $426,766 |
Georgia Credit Union Foundation Duluth, GA | $281,860 | $200,370 |
Atlantic Beach King Mackerel Fishing Tournament Inc Goldsboro, NC | $130,974 | $329,635 |
Country Club Of North Carolina Foundation Inc Pinehurst, NC | $360,772 | $448,774 |
The Warrior Thunder Foundation Inc Columbia, SC | $68,620 | $131,665 |
Cresswind Ll Community Fund Inc Gainesville, GA | $49,468 | $149,410 |
Lucy Harper Grier Benevolent Foundation Spartanburg, SC | $2,059,367 | $226,329 |
Paddle 4 Troops Inc Surf City, NC | $102,930 | $0 |
Pay It Forward Athens Watkinsville, GA | $1,353 | $0 |
Operation Turbo Inc Hilton Head Island, SC | $153,606 | $0 |