Gregg-Graniteville Foundation Inc
- Assets
- $23.1m
- Revenue
- $6.5m
- Investments
- $22.1m
- Employees
- 0
- Location
- Graniteville, SC
- Founding
- 08/1950
- Data as of
- 12/2021
- EIN
- 57-0314400
Organization Overview
Gregg-Graniteville Foundation Inc is located in Graniteville, SC. The organization was established in 1950. 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. Gregg-Graniteville Foundation 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 12/2021, Gregg-Graniteville Foundation Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 6 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 2017, Gregg-Graniteville Foundation Inc has awarded 194 individual grants totaling $1,421,000. 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
MAINTENANCE OF THE GREGG PARK CIVIC CENTER RECREATIONAL COMPLEX
EDUCATIONAL SCHOLARSHIPS
CONTRIBUTIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Keith Wood Director | 1 | $0 | |
John C Mcmichael Jr Director | 1 | $0 | |
Sally J Jennings Director | 1 | $0 | |
Monica Key Director | 1 | $0 | |
Ira E Coward II President | 1 | $0 | |
Diana M Silas Secretary/treasurer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $92,420 |
| Interest on Savings | $0 |
| Dividends & Interest | $343,615 |
| Net Rental Income | $6,015 |
| Net Gain on Sale of Assets | $5,997,010 |
| Capital Gain Net Income | $5,997,010 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $98,308 |
| Total Revenue | $6,537,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $67,280 |
| Other employee salaries and wages | $259,621 |
| Pension plans, employee benefits | $104,597 |
| Interest | $0 |
| Taxes | $38,801 |
| Depreciation | $122,957 |
| Occupancy | $93,141 |
| Travel, conferences, and meetings | $2,140 |
| Printing and publications | $6,487 |
| Other expenses | $114,161 |
| Total operating and administrative expenses | $970,774 |
| Contributions, gifts, grants paid | $193,000 |
| Total expenses and disbursements | $1,163,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,783 |
| 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 | $5,534 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,428,489 |
| Net Land, buildings, and equipment | $859,711 |
| Other assets | $52,962 |
| Total assets | $23,082,303 |
| Accounts payable and accrued expenses | $53,057 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $11,335 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,303 |
| Total liabilities | $72,695 |
Grants Awarded
Over the last fiscal year, Gregg-Graniteville Foundation Inc has awarded $193,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
THE AIKEN PARTNERSHIP PURPOSE: DONATION | $57,000 |
HANNAH LITTLETON PURPOSE: SCHOLARSHIP | $10,500 |
LEAH PADGETT PURPOSE: SCHOLARSHIP | $10,500 |
WAYNE HOLLEY PURPOSE: SCHOLARSHIP | $10,500 |
MAGGIE E WILSON PURPOSE: SCHOLARSHIP | $10,500 |
ANSLEY PROSSER PURPOSE: SCHOLARSHIP | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
The Merancas Foundation Inc Charlotte, NC | $181,742,490 | $364,669,812 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Cannon Foundation Inc Concord, NC | $297,494,035 | $30,471,430 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |