Mag Witchger Family Foundation Inc
- Assets
- $288.9k
- Revenue
- $33.2k
- Investments
- $285.0k
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 10/1997
- Data as of
- 12/2018
- EIN
- 35-2017761
Organization Overview
Mag Witchger Family Foundation Inc is located in Charleston, SC. The organization was established in 1997. 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.
For the year ending 12/2018, Mag Witchger Family Foundation Inc generated $33.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 70.5% each year . All expenses for the organization totaled $24.8k during the year ending 12/2018. While expenses have increased by 23.5% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian B Witchger Director | 5 | $0 | |
Wendy D Wade Director | 5 | $0 | |
Ann M Bush Director | 5 | $0 | |
Eugene W Witchger President | 5 | $0 | |
Mary A Witchger Secretary | 5 | $0 | |
Eugene J Witchger Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,060 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,642 |
| Capital Gain Net Income | $19,642 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $474 |
| Total Revenue | $33,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $117 |
| Total operating and administrative expenses | $992 |
| Contributions, gifts, grants paid | $23,850 |
| Total expenses and disbursements | $24,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,137 |
| Savings and temporary cash investments | $2,725 |
| 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 | $0 |
| Total assets | $288,862 |
| 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, Mag Witchger Family Foundation Inc has awarded $23,850 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY SPIRIT CHURCH PURPOSE: CATHOLIC MISSIONS | $3,000 |
UNIVERSITY OF NOTRE DAME PURPOSE: RELIGIOUS- EDUCATION | $5,000 |
CATHOLIC COMMUNITY FOUNDATION PURPOSE: CATHOLIC MISSIONS | $10,000 |
CHARITABLE GIVING PURPOSE: CATHOLIC MISSIONS | $1,000 |
MIRACLE PLACE PURPOSE: CATHOLIC MISSIONS | $300 |
ST ANTHONY INDIANA ZUNI RESERVATION PURPOSE: CATHOLIC MISSIONS | $500 |