C W And Dorothy G Love Foundation Inc
- Assets
- $66.9m
- Revenue
- $6.1m
- Investments
- $65.5m
- Employees
- 0
- Location
- Mccoll, SC
- Founding
- 11/2007
- Data as of
- 12/2022
- EIN
- 20-2865906
Organization Overview
C W And Dorothy G Love Foundation Inc is located in Mccoll, SC. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. C W And Dorothy G Love 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, C W And Dorothy G Love Foundation Inc generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $3.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, C W And Dorothy G Love Foundation Inc has awarded 356 individual grants totaling $18,441,742. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine L Vitale Sec./trustee | 20 | $200,000 | |
Alan Love Trustee | 20 | $200,000 | |
Dottie Farfone Trustee | 20 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,293,183 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,751,601 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,922 |
| Capital Gain Net Income | $84,922 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,129,706 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $600,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37,983 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $64 |
| Other expenses | $12,500 |
| Total operating and administrative expenses | $670,049 |
| Contributions, gifts, grants paid | $2,351,594 |
| Total expenses and disbursements | $3,021,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,321,755 |
| 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 | $143,466 |
| Total assets | $66,947,595 |
| 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, C W And Dorothy G Love Foundation Inc has awarded $2,351,594 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
MARLBORO CO SHERIFF PURPOSE: TO PROVIDE FUNDING FOR EQUIPMENT FOR SHERIFF DEPARTMENT | $30,000 |
MCCOLL FIRE DEPARTMENT PURPOSE: TO PROVIDE FUNDING FOR EQUIPMENT | $35,000 |
MCCOLL CHURCH OF GOD PURPOSE: TO ASSIST IN CHURCH PROJECTS AND MINISTRIES IN MCCOLL | $21,500 |
PINE GROVE UNITED METHODIST PURPOSE: TO PROVIDE FUNDING FOR MINISTRIES AT THE CHURCH | $156,515 |
MAIN STREET METHODIST PURPOSE: TO ASSIST IN THE OPERATING BUDGET OF THE CHURCH AND THE FOOD BANK HOPE HOUSE | $81,000 |
FIRST BAPTIST CHURCH PURPOSE: TO ASSIST WITH MINISTRIES IN MCCOLL SC | $10,000 |