Island Farm Foundation
- Assets
- $2.9m
- Revenue
- $192.5k
- Investments
- $2.5m
- Employees
- 0
- Location
- Charleston, SC
- Founding
- Data as of
- 12/2023
- EIN
- 87-2023289
Organization Overview
Island Farm Foundation is located in Charleston, SC. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Island Farm 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, Island Farm Foundation generated $192.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (54.2%) each year. All expenses for the organization totaled $259.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Island Farm Foundation has awarded 32 individual grants totaling $532,500. 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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Babak Bryan President | 1 | $0 | |
Anastasia R Bryan Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,596 |
| Dividends & Interest | $58,281 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,599 |
| Capital Gain Net Income | $111,599 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,014 |
| Total Revenue | $192,490 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,793 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $62,320 |
| Contributions, gifts, grants paid | $197,500 |
| Total expenses and disbursements | $259,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,076 |
| 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 | $2,913,702 |
| 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, Island Farm Foundation has awarded $197,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
EAST COOPER COMMUNITY OUTREACH PURPOSE: SUPPORT FOR IMPROVERISHED COMMUNITIES OF CHARLESTON | $100,000 |
EAST COOPER HABITAT FOR HUMANITY PURPOSE: TO COMBAT HOUSING POVERTY IN THE CHARLESTON COMMUNITY | $5,000 |
CHARLESTON ANIMAL SOCIETY PURPOSE: FUNDING FOR ANIMAL WELFARE AND SUPPORT | $6,000 |
INTERNATIONAL AFRICAN AMERICAN MUSEUM PURPOSE: FUNDING OPERATIONAL PROGRAMS TO SUPPORT MUSEUM | $10,000 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: SUPPORT FOR HUMANITARIAN AID AND DEVELOPMENT | $10,000 |
LOWCOUNTRY FOOD BANK PURPOSE: SUPPORT FOR FEEDING NEEDY FAMILIES THROUGHOUT SOUTH CAROLINA | $24,000 |