Mary Black Foundation Inc
- Assets
- $0.0
- Revenue
- $7.4m
- Investments
- $79.9m
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- 10/1987
- Data as of
- 12/2020
- EIN
- 57-0843135
Organization Overview
Mary Black Foundation Inc is located in Spartanburg, SC. The organization was established in 1987. 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. Mary Black 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 12/2020, Mary Black Foundation Inc generated $7.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $5.1m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mary Black Foundation Inc has awarded 551 individual grants totaling $27,882,206. 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 |
|---|---|---|---|
Molly Talbot-Metz President/ceo | 37.5 | $182,675 | |
Kimberly Stravolo Vp/cfo | 37.5 | $120,000 | |
Natalia Swanson Program Director He/ | 37.5 | $81,850 | |
Keisha Gray Program Director Ecd | 37.5 | $81,850 | |
Amy Page Grants Manager | 37.5 | $68,516 | |
Linda Smith Office Manager | 37.5 | $61,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of South Carolina | 12/30/18 | $90,249 |
Aon Hewitt Consulting | 12/30/18 | $120,000 |
It Pros | 12/30/18 | $53,999 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $765,439 |
| Interest on Savings | $79 |
| Dividends & Interest | $17,557 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,973,277 |
| Total Revenue | $7,410,590 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $175,231 |
| Pension plans, employee benefits | $198,259 |
| Depreciation | $181,669 |
| Occupancy | $200,296 |
| Travel, conferences, and meetings | $22,763 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $2,939,585 |
| Contributions, gifts, grants paid | $2,203,750 |
| Total expenses and disbursements | $5,143,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $697,983 |
| Investments—mortgage loans | $0 |
| Investments—other | $79,940,054 |
| Other assets | $1,115,613 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $88,724 |
Grants Awarded
Over the last fiscal year, Mary Black Foundation Inc has awarded $4,690,624 in support to 84 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF SPARTANBURG PURPOSE: HELLO FAMILY FUND | $600,000 |
Spartanburg, SC PURPOSE: COMMUNITY HEALTH & RESOURCE COORDINATORS | $288,683 |
Spartanburg, SC PURPOSE: 2021 KEY PARTNER FUNDING | $225,000 |
CITY OF SPARTANBURG PURPOSE: HELLO FAMILY FUND | $200,000 |
Spartanburg, SC PURPOSE: 2021 KEY PARTNER FUNDING | $180,000 |
PAL PURPOSE: SPARTANBURG HEALTHY SCHOOLS INITIATIVE, PHASE 2 | $158,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mary Black Foundation Inc has recieved totaling $264,316.
| Awarding Organization | Amount |
|---|---|
Childrens Trust Fund Of South Carolina Columbia, SC PURPOSE: DIRECT SERVICE PROVISION | $132,158 |
Childrens Trust Fund Of South Carolina Columbia, SC PURPOSE: DIRECT SERVICE PROVISION | $132,158 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
The Merancas Foundation Inc Charlotte, NC | $181,742,490 | $364,669,812 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Cannon Foundation Inc Concord, NC | $297,494,035 | $30,471,430 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |