Companion Foundation
- Assets
- $22.0m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 04/2007
- Data as of
- 12/2023
- EIN
- 20-3050085
Organization Overview
Companion Foundation is located in Charleston, SC. The organization was established in 2007. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Companion 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, Companion Foundation generated $5.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $6.2m during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND MENTORING PROGRAMS INCLUDING - RAISE UP AND MUSIC FOR LIFE
AFFORDABLE HOUSING - SERVED OVER 400 FAMILIES IN 2023
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Jones President | 3 | $0 | |
Allyson Thornton Program Director | 20 | $50,393 | |
Teresa Jones Director | 0.5 | $0 | |
Roger Jones Jr Program Director | 32 | $67,535 | |
Erin Jones Smith Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| 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 | $5,916,273 |
| Total Revenue | $5,916,273 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $264,113 |
| Other employee salaries and wages | $347,635 |
| Pension plans, employee benefits | $122,678 |
| Interest | $1,745,997 |
| Taxes | $51,076 |
| Depreciation | $971,702 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $43,856 |
| Printing and publications | $0 |
| Other expenses | $2,607,134 |
| Total operating and administrative expenses | $6,219,517 |
| Contributions, gifts, grants paid | $5,175 |
| Total expenses and disbursements | $6,224,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,480 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $12,556 |
| 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 | $411,788 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,655,957 |
| Other assets | $14,689,835 |
| Total assets | $22,001,616 |
| Accounts payable and accrued expenses | $1,129,623 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $10,667,754 |
| Other liabilities | $51,336 |
| Total liabilities | $11,848,713 |
Grants Awarded
Over the last fiscal year, Companion Foundation has awarded $5,175 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KANPE HAITI PURPOSE: DONATION | $175 |
THE HEALING NET FOUNDATION PURPOSE: DONATION | $5,000 |