Foundation Of St Marks Towers Inc
- Assets
- $102.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brunswick, GA
- Founding
- 12/1984
- Data as of
- 09/2022
- EIN
- 58-1555456
Organization Overview
Foundation Of St Marks Towers Inc is located in Brunswick, GA. The organization was established in 1984. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of St Marks Towers 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 09/2022, Foundation Of St Marks Towers Inc generated $32.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $187.9k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SUPPORT ST. MARKS TOWERS, INC AND ITS RESIDENTS, INCLUDING FINANCIAL ASSISTANCE, LIVING AND RECREAION FACILITIES, AND EDUCATION SERVICES. ST. MARKS TOWERS, INC. OWNS AND OPERATES A 150 APARTMENT COMPLEX SERVING LOW INCOME ELDERLY RESIDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Schmidt President | 3 | $0 | |
Bill Turner Vice Preside | 3 | $0 | |
Alan Akridge Trustee | 0.5 | $0 | |
Kathy Friedman Trustee | 0.5 | $0 | |
Dr Whitney Mcconnell Trustee | 1 | $0 | |
Ken Trowbridge Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,577 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,351 |
| Gain or Loss | -$7,634 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,250 |
| Total Revenue | $32,544 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $21,713 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $166,194 |
| Total expenses | $187,907 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102,825 |
| Other assets | $0 |
| Total assets | $102,825 |
| Total liabilities | $9,298 |
| Net assets or fund balances | $93,527 |
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