Palmetto Military Support Group
- Assets
- $41.4k
- Revenue
- $75.7k
- Investments
- $0.0
- Employees
- 0
- Location
- N Charleston, SC
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-3509329
Organization Overview
Palmetto Military Support Group is located in N Charleston, SC. The organization was established in 2015. According to its NTEE Classification (T01) the organization is classified as: Alliances & Advocacy, 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. Palmetto Military Support Group 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 12/2023, Palmetto Military Support Group generated $75.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $72.1k during the year ending 12/2023. While expenses have increased by 22.4% per year over the past 8 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 2016, Palmetto Military Support Group has awarded 138 individual grants totaling $134,388. 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 |
|---|---|---|---|
Cheryl Clark President | 0 | $0 | |
Ben Azbug Vice-Preside | 0 | $0 | |
Steve Lattuca Treasurer | 0 | $0 | |
Shaneak Brown Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,150 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34,516 |
| Total Revenue | $75,666 |
| 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 | $15,917 |
| Total operating and administrative expenses | $19,931 |
| Contributions, gifts, grants paid | $52,146 |
| Total expenses and disbursements | $72,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,428 |
| Savings and temporary cash investments | $0 |
| 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 | $41,428 |
| Accounts payable and accrued expenses | -$24 |
| 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 | -$24 |
Grants Awarded
Over the last fiscal year, Palmetto Military Support Group has awarded $52,146 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
628 FSS SUPER BOWL PARTY PURPOSE: DONATION | $1,000 |
628 FSS SUPER BOWL PARTY PURPOSE: DONATION | $360 |
628 FSS SUPER BOWL PARTY PURPOSE: DONATION | $1,140 |
MXO BOOSTER CLUB PURPOSE: DONATION | $1,000 |
CHARLESTON TOP III PURPOSE: DONATION | $1,250 |
JBC LUNCHEON PURPOSE: DONATION | $52 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Able South Carolina Columbia, SC | $3,425,608 | $6,201,940 |
National Balloon Rally Charities Inc Statesville, NC | $422,347 | $695,372 |
Atl Tr Atlanta, GA | $2,283,006 | $870,097 |
Future Of Africa Incorporated Edisto Island, SC | $113,491 | $0 |
First United Methodist Church Of Lagrange Memorial Foundation Inc Lagrange, GA | $2,355,957 | $124,655 |
Palmetto Military Support Group N Charleston, SC | $41,428 | $75,666 |
Cin Inc Raleigh, NC | $144,705 | $0 |
Bwl Charities Inc Atlanta, GA | $9,974 | $0 |
Jimmy Mac Foundation Inc Acworth, GA | $37,967 | $0 |
Pee Dee Volunteer Services Florence, SC | $341,329 | $0 |
Veternation Inc Sanford, NC | $14,268 | $0 |
Beth And Lee Williams Foundation Wilmington, NC | $74,974 | $1,599 |
West Lincoln Alumni Association Cherryville, NC | $701 | $0 |