Palmetto Farms Foundation
- Assets
- $2.2m
- Revenue
- $150.0k
- Investments
- $2.0m
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 57-6178213
Organization Overview
Palmetto Farms Foundation is located in Greenville, SC. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Palmetto Farms 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, Palmetto Farms Foundation generated $150.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $177.1k during the year ending 12/2021. While expenses have increased by 16.2% per year over the past 4 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.
Since 2020, Palmetto Farms Foundation has awarded 34 individual grants totaling $336,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eudora M Cunningham Trustee | 1 | $0 | |
Dixon C Cunningham Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $105,546 |
| Interest on Savings | $35 |
| Dividends & Interest | $72,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $763 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$28,082 |
| Total Revenue | $149,968 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,309 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,610 |
| Contributions, gifts, grants paid | $167,500 |
| Total expenses and disbursements | $177,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,200 |
| 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 | $2,248,807 |
| 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 | $369,085 |
| Total liabilities | $369,085 |
Grants Awarded
Over the last fiscal year, Palmetto Farms Foundation has awarded $167,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Greenville, SC PURPOSE: CAPITAL CAMPAIGN | $50,000 |
MIRACLE HILL MINISTRIES PURPOSE: UNRESTRICTED | $20,000 |
LIGONIER MINISTRIES PURPOSE: UNRESTRICTED | $15,000 |
SEND INTERNATIONAL PURPOSE: MISSIONARY SUPPORT | $11,000 |
Montreat, NC PURPOSE: SCHOLARSHIPS | $10,000 |
FRONTIERS PURPOSE: MISSIONARY SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Company Charitable Foundation Inc Atlanta, GA | $133,098,319 | $27,836,912 |
Burroughs Wellcome Fund Research Triangle Park, NC | $946,804,754 | $86,337,046 |
Blue Cross And Blue Shield Of North Carolina Foundation Durham, NC | $253,862,813 | $27,558,288 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Richmond Community Foundation Inc Charlotte, NC | $38,277,506 | $4,248,751 |
Thalia N And Chris M Carlos Foundation Inc Atlanta, GA | $8,590,339 | $1,064,458 |
Weaver Foundation Inc Greensboro, NC | $30,406,218 | $3,650,390 |
Ally Charitable Foundation Charlotte, NC | $31,020,480 | $35,342,279 |