Intertech Group Foundation Inc
- Assets
- $1.6m
- Revenue
- $52.8k
- Investments
- $1.4m
- Employees
- 0
- Location
- N Charleston, SC
- Founding
- 10/2004
- Data as of
- 12/2022
- EIN
- 20-1473099
Organization Overview
Intertech Group Foundation Inc is located in N Charleston, SC. The organization was established in 2004. 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. Intertech Group 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.
For the year ending 12/2022, Intertech Group Foundation Inc generated $52.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $17.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (35.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Intertech Group Foundation Inc has awarded 54 individual grants totaling $976,924. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, CONTRIBUTIONS WERE MADE TO ONE CHARITABLE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita G Zucker Director | 0 | $0 | |
Jonathan M Zucker Director | 0 | $0 | |
Andrea Zucker Lee Director | 0 | $0 | |
Jeffrey M Zucker Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,826 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,926 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62 |
| Capital Gain Net Income | $62 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,814 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,045 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,468 |
| Total operating and administrative expenses | $2,513 |
| Contributions, gifts, grants paid | $15,422 |
| Total expenses and disbursements | $17,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,665 |
| Savings and temporary cash investments | $134,986 |
| Net Accounts receivable | $936 |
| 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 | $968 |
| Total assets | $1,599,554 |
| Accounts payable and accrued expenses | $18,618 |
| 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 | $18,618 |
Grants Awarded
Over the last fiscal year, Intertech Group Foundation Inc has awarded $89,257 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLESTON COUNTY SCHOOL DISTRICT PURPOSE: SUPPORT | $6,377 |
ADDLESTONE HEBREW ACADEMY PURPOSE: SUPPORT | $80,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: SUPPPORT | $2,880 |