Slemp Foundation
- Assets
- $28.3m
- Revenue
- $14.6m
- Investments
- $26.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/1947
- Data as of
- 06/2023
- EIN
- 31-6025080
Organization Overview
Slemp Foundation is located in Wilmington, DE. The organization was established in 1947. 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. Slemp 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 06/2023, Slemp Foundation generated $14.6m in total revenue. All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 11.9% per year over the past 3 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.
Since 2021, Slemp Foundation has awarded 133 individual grants totaling $4,158,030. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE, PRESERVATION, DOCUMENTATION, AND EDUCATION OF THE PUBLIC REGARDING THE HISTORICAL SIGNIFICANCE OF CEMETERY LOCATED IN LEE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary A Edmonds Trustee | 5 | $21,340 | |
Melissa S Jensen Trustee | 5 | $21,340 | |
Pamela Orcutt Trustee | 5 | $21,340 | |
Virginia E Sircy Trustee | 1 | $9,200 | |
James C Smith Executive Director/trustee | 10 | $38,008 | |
Nancey E Smith Trustee | 5 | $21,340 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $750,722 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,869,362 |
| Capital Gain Net Income | $13,869,362 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13 |
| Total Revenue | $14,620,097 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $153,908 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,920 |
| Depreciation | $0 |
| Occupancy | $17,321 |
| Travel, conferences, and meetings | $42,050 |
| Printing and publications | $0 |
| Other expenses | $27,957 |
| Total operating and administrative expenses | $417,643 |
| Contributions, gifts, grants paid | $1,528,147 |
| Total expenses and disbursements | $1,945,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,660,376 |
| 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 | $2,150,000 |
| Net Land, buildings, and equipment | $1 |
| Other assets | $0 |
| Total assets | $28,274,112 |
| Accounts payable and accrued expenses | $7,157 |
| 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 | $7,157 |
Grants Awarded
Over the last fiscal year, Slemp Foundation has awarded $1,528,147 in support to 129 organizations.
| Grant Recipient | Amount |
|---|---|
ABIGAIL G GASTON PURPOSE: SCHOLARSHIP | $2,500 |
ABIGALE J EDWARDS PURPOSE: SCHOLARSHIP | $2,500 |
ADAM SHELTON RAY CLARK PURPOSE: SCHOLARSHIP | $2,500 |
ALEAH LITTON PURPOSE: SCHOLARSHIP | $2,500 |
ALEXANDRIA BOWEN PURPOSE: SCHOLARSHIP | $2,500 |
ALEXANDER BELCHER PURPOSE: SCHOLARSHIP | $2,500 |