Legacy Of Stipe Foundation Inc
- Assets
- $28.7k
- Revenue
- $94.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Athens, GA
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 58-2601554
Organization Overview
Legacy Of Stipe Foundation Inc is located in Athens, GA. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Legacy Of Stipe 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.
Since 2018, Legacy Of Stipe Foundation Inc has awarded 32 individual grants totaling $250,341. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION INTENDS TO MAKE GRANTS TO OTHER ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Michael Stipe President | 1 | $0 | |
John Wm Stipe Jr V. President | 1 | $0 | |
Lynda Laura Stipe Secretary | 1 | $0 | |
Marianne H Stipe Treasurer | 1 | $0 | |
Tom Gilroy Trustee | 1 | $0 | |
Cynthia Corley Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $49,737 |
| Interest on Savings | $0 |
| Dividends & Interest | $526 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,757 |
| Capital Gain Net Income | $43,757 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,020 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $5,464 |
| Contributions, gifts, grants paid | $52,595 |
| Total expenses and disbursements | $58,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,235 |
| Savings and temporary cash investments | $11,487 |
| 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 | $28,722 |
| 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, Legacy Of Stipe Foundation Inc has awarded $52,595 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
FREEDOM FOR ALL PURPOSE: CHARITY | $14,000 |
SWEET OLIVE FARM PURPOSE: ANIMAL RESCUE | $1,000 |
BOOKS FOR KEEPS PURPOSE: LITERACY FOR CHILDREN | $1,000 |
ENTERTAINMENT COMMUNITY FUND PURPOSE: SUPPORTS PERFORMING ARTS | $500 |
BIGGER VISION OF ATHENS PURPOSE: ATHENS EMERGENCY SHELTER | $1,000 |
DOWNTOWN MINISTRIES PURPOSE: CHRISTIAN MISSIONS | $1,000 |