Southminster Inc

Organization Overview

Southminster Inc is located in Charlotte, NC. The organization was established in 1984. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2022, Southminster Inc employed 582 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southminster Inc 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 09/2022, Southminster Inc generated $46.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $46.6m during the year ending 09/2022. While expenses have increased by 7.4% per year over the past 7 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 2015, Southminster Inc has awarded 151 individual grants totaling $3,979,914. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE CONTINUING CARE TO RESIDENTS OF SOUTHMINSTER, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTINUING CARE RETIREMENT COMMUNITYPROVIDE A CONTINUUM OF SERVICES (INDEPENDENT LIVING, ASSISTED LIVING, NURSING) TO OLDER ADULTS THAT ALLOWS THEM TO LIVE INDEPENDENTLY AND AS ACTIVELY AS THEIR FACULTIES AND STRENGTH PERMIT.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bluewater Design-build Llc
Architect/construction
$986,813
Sysco Charlotte Llc
Food Distributor
$1,236,114
Mako Medical Laboratories Llc
Covid Testing
$593,810
Applied Innovation Services
Apartment Repairs/painting
$146,751
The Ashton Clause Group Llc (Narrative)
Consulting
$112,950
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,911,845
All other contributions, gifts, grants, and similar amounts not included above$1,384,631
Noncash contributions included in lines 1a–1f $19,998
Total Revenue from Contributions, Gifts, Grants & Similar$3,296,476
Total Program Service Revenue$40,336,896
Investment income $1,036,923
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $276,172
Net Gain/Loss on Asset Sales $1,616,042
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $46,562,509

Grants Awarded

Over the last fiscal year, Southminster Inc has awarded $769,283 in support to 14 organizations.

Grant RecipientAmount

Charlotte, NC

PURPOSE: PROGRAMMING, SEED FUNDING FOR BRAIN HEALTH PILOT PROGRAM

$261,226

UNC CHARLOTTE

PURPOSE: CARGIVER STUDY, DONATION

$119,197

THE SHEPHERD'S CENTER OF CHARLOTTE

Org PageRecipient Profile

Charlotte, NC

PURPOSE: TO SUPPORT SENIOR PROGRAMMING AND SERVICES IN THE GREATER CHARLOTTE COMMUNITY

$115,000

Charlotte, NC

PURPOSE: ARTSREACH PROGRAMMING, STUDIO 345, AND SPONSORING A SCHOLARSHIP

$75,000

MEMORY & MOVEMENT CENTER CHARLOTTE

Org PageRecipient Profile

Charlotte, NC

PURPOSE: SCHOLARSHIP, DONATION

$62,500

CHARLOTTE VILLAGE NETWORK

Org PageRecipient Profile

Charlotte, NC

PURPOSE: ANNUAL SUPPORT FOR SENIORS LIVING AT HOME IN COMMUNITY - SOCIAL SUPPORT, TRANSPORTATION, SERVICE COORDINATION, SCHOLARSHIP FOR LOW-INCOME SENIORS

$46,860
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Southminster Inc has recieved totaling $159,154.

Awarding OrganizationAmount
Dickson Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$100,000
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$40,799
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$12,350
Johnson Charitable Gift Fund

Cincinnati, OH

PURPOSE: GENERAL FUND

$6,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$43,900
Other Expense$43,900

Create an account to unlock the data you need.

or