M Edward Sellers Foundation
- Assets
- $1.7m
- Revenue
- $105.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 03/2014
- Data as of
- 12/2022
- EIN
- 27-4155573
Organization Overview
M Edward Sellers Foundation is located in Columbia, SC. The organization was established in 2014. According to its NTEE Classification (T05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. M Edward Sellers 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 12/2022, M Edward Sellers Foundation generated $105.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $152.3k during the year ending 12/2022. While expenses have increased by 4.4% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND STUDIES CONDUCTED IN ACCORDANCE WITH THE FOUNDATION'S TAX EXEMPT PURPOSE AND MISSION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Folsom Secretary | 1 | $0 | |
Joel A Smith III Treasurer | 0.25 | $0 | |
James J Dillon Board Member | 0.25 | $0 | |
M Edward Sellers Executive Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $932 |
| Dividends & Interest | $54,783 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,231 |
| Capital Gain Net Income | $49,231 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26 |
| Total Revenue | $104,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $851 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120,055 |
| Total operating and administrative expenses | $152,309 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $152,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $205,033 |
| 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 | $128,905 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,703,879 |
| Accounts payable and accrued expenses | $420 |
| 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 | $420 |
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