Spaulding Paolozzi Foundation
- Assets
- $3.5m
- Revenue
- $322.0k
- Investments
- $3.3m
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 31-1751351
Organization Overview
Spaulding Paolozzi Foundation is located in Charleston, SC. The organization was established in 2001. According to its NTEE Classification (T30) the organization is classified as: Public 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. Spaulding Paolozzi 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 12/2021, Spaulding Paolozzi Foundation generated $322.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $187.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Spaulding Paolozzi Foundation has awarded 53 individual grants totaling $8,146,281. 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 |
|---|---|---|---|
Nigel Redden President | 0 | $0 | |
Dr Alan W Elzerman PHD Treasurer | 0 | $0 | |
Dr John R Feussner MD MPH Vice Preside | 0 | $0 | |
Mr Whit Mcmillan Cit Secretary | 0 | $0 | |
Mr Hilton C Smith Jr Board Member | 0 | $0 | |
Dr Daniel Kelting PHD Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,345 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $262,460 |
| Capital Gain Net Income | $262,460 |
| Net ST Capital Gain | $18,387 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $149 |
| Total Revenue | $321,954 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,923 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,650 |
| Total operating and administrative expenses | $63,946 |
| Contributions, gifts, grants paid | $123,500 |
| Total expenses and disbursements | $187,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,120 |
| Savings and temporary cash investments | $97,055 |
| 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 | $10,189 |
| Total assets | $3,464,464 |
| 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, Spaulding Paolozzi Foundation has awarded $123,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MUSC CHAIR PURPOSE: CHAIR IN WOMEN'S PELVIC HEALTH | $40,000 |
DEE NORTON CHILD ADVOCACY CENTER PURPOSE: GENERAL | $30,000 |
Summerville, SC PURPOSE: GENERAL | $20,000 |
CHARLESTON HOPE PURPOSE: GIRLS ENRICHMENT PROGRAM | $15,000 |
OUR LADY OF MERCY COMM OUTREACH PURPOSE: GENERAL | $10,000 |
COLLEGE OF CHARLESTON PURPOSE: GENERAL | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Camino Community Development Corporation Inc Charlotte, NC | $3,342,143 | $5,457,630 |
Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |
Pbsa Community Engagement Inc Atlanta, GA | $11,515,237 | $4,451,967 |