Gregg-Graniteville Foundation Inc
- Assets
- $18.7m
- Revenue
- $760.9k
- Investments
- $17.6m
- Employees
- 0
- Location
- Graniteville, SC
- Founding
- 08/1950
- Data as of
- 12/2022
- EIN
- 57-0314400
Organization Overview
Gregg-Graniteville Foundation Inc is located in Graniteville, SC. The organization was established in 1950. 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. Gregg-Graniteville 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, Gregg-Graniteville Foundation Inc generated $760.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gregg-Graniteville Foundation Inc has awarded 188 individual grants totaling $1,354,900. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF THE GREGG PARK CIVIC CENTER RECREATIONAL COMPLEX
EDUCATIONAL SCHOLARSHIPS
CONTRIBUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Keith Wood Director | 1 | $0 | |
John C Mcmichael Jr Director | 1 | $0 | |
Monica Key Director | 1 | $0 | |
Sally J Jennings Director | 1 | $0 | |
Ira E Coward II President | 1 | $0 | |
Diana M Silas Secretary/treasurer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $499,090 |
| Net Rental Income | $10,315 |
| Net Gain on Sale of Assets | $111,898 |
| Capital Gain Net Income | $111,898 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $139,588 |
| Total Revenue | $760,891 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,500 |
| Other employee salaries and wages | $298,410 |
| Pension plans, employee benefits | $137,750 |
| Interest | $184 |
| Taxes | $121,104 |
| Depreciation | $122,731 |
| Occupancy | $160,364 |
| Travel, conferences, and meetings | $2,695 |
| Printing and publications | $1,953 |
| Other expenses | $158,971 |
| Total operating and administrative expenses | $1,254,254 |
| Contributions, gifts, grants paid | $119,400 |
| Total expenses and disbursements | $1,373,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,077 |
| 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 | $5,380 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,512,926 |
| Net Land, buildings, and equipment | $935,634 |
| Other assets | $45,644 |
| Total assets | $18,661,684 |
| Accounts payable and accrued expenses | $149,029 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $18,145 |
| Other liabilities | $8,304 |
| Total liabilities | $175,478 |
Grants Awarded
Over the last fiscal year, Gregg-Graniteville Foundation Inc has awarded $119,400 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ACTS-AREA CHURCHES TOGETHER SERVING PURPOSE: SUPPORT OF ORGANIZATION'S MISSION TO SERVE THE AIKEN AND GRANITEVILLE AREA THROUGH FOOD, CLOTHING MEDICINE, HOME GOODS, AND ADDITIONAL SUPPORT. | $2,000 |
THE AIKEN PARTNERSHIP PURPOSE: SCHOLARSHIP | $2,000 |
MIDLAND VALLEY HIGH SCHOOL PURPOSE: SUPPORT OF EDUCATIONAL ACTIVITIES | $1,000 |
LEAVELLE MCCAMPBELL SCHOOL ALUMNI ASSOCIATION PURPOSE: SCHOLARSHIP | $1,000 |
LANGLEY BATH CLEARWATER AMERICAN LEGION PURPOSE: AMERICAN LEGION BASEBALL | $1,500 |
HELPING HANDS INC PURPOSE: SUPPORT FOR THE SHELTER FOR YOUTH IN DSS CUSTODY FROM THE STATE OF SOUTH CAROLINA. | $7,200 |