Carl Meares Private Foundation
- Assets
- $683.8k
- Revenue
- $181.3k
- Investments
- $648.2k
- Employees
- 0
- Location
- North Charleston, SC
- Founding
- 07/1987
- Data as of
- 12/2021
- EIN
- 56-1544084
Organization Overview
Carl Meares Private Foundation is located in North Charleston, SC. The organization was established in 1987. 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. Carl Meares Private 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 12/2021, Carl Meares Private Foundation generated $181.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $55.4k during the year ending 12/2021. While expenses have increased by 16.2% 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, Carl Meares Private Foundation has awarded 132 individual grants totaling $205,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISBURSED A TOTAL OF $46,100 TO 26 NON-PROFITORGANIZATIONS FOR EDUCATIONAL, CIVIC, RELIGIOUS, MEDICALOR OTHER CHARITABLE USES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl W Meares Jr Trustee | 1 | $0 | |
Mary Lee Meares Trustee | 1 | $0 | |
Carolyn M Meares Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,694 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,903 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,703 |
| Capital Gain Net Income | $69,703 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $181,300 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $283 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,699 |
| Total operating and administrative expenses | $9,263 |
| Contributions, gifts, grants paid | $46,100 |
| Total expenses and disbursements | $55,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,401 |
| Savings and temporary cash investments | $34,169 |
| 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 | $683,780 |
| Accounts payable and accrued expenses | $42,313 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $20,249 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $62,562 |
Grants Awarded
Over the last fiscal year, Carl Meares Private Foundation has awarded $46,100 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
FAIR BLUFF BABTIST CHURCH PURPOSE: RELIGIOUS | $6,000 |
THE FIRST TEE OF GREATER CHARLESTON PURPOSE: EDUCATIONAL | $4,000 |
Woodberry Forest, VA PURPOSE: EDUCATIONAL | $4,000 |
Charleston, SC PURPOSE: EDUCATIONAL | $3,000 |
THE SPRING ISLAND TRUST PURPOSE: ENVIROMENTAL | $3,000 |
Whiteville, NC PURPOSE: EDUCATIONAL | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
North Carolina Glaxosmithkline Foundation Research Triangle Park, NC | $82,949,220 | $9,210,244 |
The Peyton Anderson Foundation Inc Macon, GA | $85,371,883 | $13,633,354 |
The Springs Close Foundation Inc Fort Mill, SC | $40,896,237 | $10,062,453 |
Albemarle Foundation Charlotte, NC | $33,633,920 | $20,497,587 |
Donald And Marilyn Keough Foundation Atlanta, GA | $98,883,521 | $27,525,361 |
Wilbur And Hilda Glenn Family Foundaition Atlanta, GA | $96,293,914 | $6,644,438 |
The Eddie And Jo Allison Smith Family Foundation Inc Greenville, NC | $134,122,083 | $44,728,639 |
Trailsend Foundation Atlanta, GA | $118,817,898 | $16,686,920 |