Spaulding Paolozzi Foundation
- Assets
- $3.4m
- Revenue
- $89.2k
- Investments
- $2.1m
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 04/2001
- Data as of
- 12/2022
- 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 12/2022, Spaulding Paolozzi Foundation generated $89.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $202.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Spaulding Paolozzi Foundation has awarded 56 individual grants totaling $8,311,281. 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 John R Feussner MD MPH Vice Preside | 0 | $0 | |
Dr Alan W Elzerman PHD Treasurer | 0 | $0 | |
Mr Whit Mcmillan Cit Secretary | 0 | $0 | |
Dr Daniel Kelting PHD Board Member | 0 | $0 | |
Mr Hilton C Smith Jr Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $63,148 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,766 |
| Capital Gain Net Income | $22,766 |
| Net ST Capital Gain | $22,272 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,303 |
| Total Revenue | $89,217 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $595 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,758 |
| Total operating and administrative expenses | $36,973 |
| Contributions, gifts, grants paid | $165,000 |
| Total expenses and disbursements | $201,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,001 |
| Savings and temporary cash investments | $1,278,279 |
| 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 | $6,569 |
| Total assets | $3,351,708 |
| 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 $165,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COASTAL COMMUNITY FOUNDATION PURPOSE: MEMORIAL PARK | $50,000 |
ADIRONDACK HEALTH FOUNDATION PURPOSE: NEONATAL MONITORING EQUIPMENT | $100,000 |
CHARLESTON HOPE PURPOSE: GIRLS ENRICHMENT PROGRAM | $15,000 |