Ware Shoals Community Foundation Inc
- Assets
- $631.2k
- Revenue
- $34.4k
- Investments
- $329.0k
- Employees
- 0
- Location
- Ware Shoals, SC
- Founding
- 02/1945
- Data as of
- 12/2022
- EIN
- 57-6003414
Organization Overview
Ware Shoals Community Foundation Inc is located in Ware Shoals, SC. The organization was established in 1945. According to its NTEE Classification (T31) the organization is classified as: Community 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. Ware Shoals Community 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, Ware Shoals Community Foundation Inc generated $34.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $24.4k during the year ending 12/2022. 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 |
|---|---|---|---|
Tommy Odell Controller | 0 | $0 | |
Dan Branyon President | 0 | $0 | |
Robert Drake Vice Preside | 0 | $0 | |
Carole Mckee Treasurer | 0 | $0 | |
Phillip Ballentine Board Member | 0 | $0 | |
Walter Thompson Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,714 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,681 |
| Capital Gain Net Income | $26,681 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,395 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $824 |
| Depreciation | $464 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,597 |
| Total operating and administrative expenses | $11,807 |
| Contributions, gifts, grants paid | $12,550 |
| Total expenses and disbursements | $24,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,310 |
| 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 | $329,013 |
| Net Land, buildings, and equipment | $292,831 |
| Other assets | $0 |
| Total assets | $631,154 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Ware Shoals Community Foundation Inc has awarded $12,550 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WARE SHOALS CATFISH FEASTIVAL PURPOSE: SUPPORT OF LOCAL FEASTIVAL | $4,000 |
WARE SHOALS SCHOOLS HALL OF FAME PURPOSE: TO SUPPORT HALL OF FAME | $500 |
WARE SHOALS GOLF CLUB PURPOSE: TO SUPPORT RECREATIONAL ACTIVITIES | $5,050 |
WARE SHOALS HIGH SCHOOL PURPOSE: TO SUPPORT CHRISTMAS FOR KIDS | $2,000 |
WARE SHOALS CEMETARY FUND PURPOSE: TO SUPPORT CEMETERY FUND | $1,000 |