Latitude At Hilton Head Foundation
- Assets
- $236.5k
- Revenue
- $112.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Hardeeville, SC
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 82-3642185
Organization Overview
Latitude At Hilton Head Foundation is located in Hardeeville, SC. The organization was established in 2019. 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. Latitude At Hilton Head 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 12/2023, Latitude At Hilton Head Foundation generated $112.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.8% each year . All expenses for the organization totaled $15.6k during the year ending 12/2023. While expenses have increased by 12.3% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Gambone President | 1 | $0 | |
Chris Reese Vice President | 1 | $0 | |
Tim Albert Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $112,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,583 |
| Total operating and administrative expenses | $5,583 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $15,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,927 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $14,700 |
| 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 | $1,855 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $236,482 |
| Accounts payable and accrued expenses | $690 |
| 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 | $690 |
Grants Awarded
Over the last fiscal year, Latitude At Hilton Head Foundation has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BLUFFTON JASPER COUNTY VOLUNTEERS PURPOSE: DONATION | $5,000 |
FRIENDS OF WREATHS ACROSS AMERICA PURPOSE: DONATION | $5,000 |