Middleton Place Foundation
- Assets
- $38.9m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 66
- Location
- Charleston, SC
- Founding
- 03/1975
- Data as of
- 06/2021
- EIN
- 57-0611604
Organization Overview
Middleton Place Foundation is located in Charleston, SC. The organization was established in 1975. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Middleton Place Foundation employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middleton Place 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 06/2021, Middleton Place Foundation generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $1.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUSTAIN THE HIGHEST LEVELS OF PRESERVATION AND INTERPRETATION FOR MIDDLETON PLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MIDDLETON PLACE FOUNDATION OWNS AND OPERATES THE GARDENS, HOUSE MUSEUM, AND PLANTATION STABLEYARDS AT MIDDLETON PLACE AND MANAGES THE EDMONDSTON-ALSTON HOUSE MUSEUM ON EAST BATTERY STREET IN DOWNTOWN CHARLESTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sallie M Duell Trustee/ Spouse Of Retired | OfficerTrustee | 1 | $0 |
Charles H P Duell Trustee/ Retired President | OfficerTrustee | 40 | $0 |
Tracey Todd President/ceo | Officer | 40 | $0 |
Olivia M Brock Trustee | Trustee | 1 | $0 |
Jonathan Green Trustee | Trustee | 1 | $0 |
Caroline Tinker Palmer Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,231,368 |
| Noncash contributions included in lines 1a–1f | $6,264,128 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,231,368 |
| Total Program Service Revenue | $1,631,659 |
| Investment income | $257,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,971 |
| Net Rental Income | $17,632 |
| Net Gain/Loss on Asset Sales | $671,582 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,785 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,851,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $783,555 |
| Pension plan accruals and contributions | $11,261 |
| Other employee benefits | $64,463 |
| Payroll taxes | $49,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,595 |
| Fees for services: Other | $60,727 |
| Advertising and promotion | $11,397 |
| Office expenses | $162,967 |
| Information technology | $17,657 |
| Royalties | $0 |
| Occupancy | $188,519 |
| Travel | $692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,855 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,639 |
| Insurance | $31,314 |
| All other expenses | $0 |
| Total functional expenses | $1,564,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465,427 |
| Savings and temporary cash investments | $2,123,274 |
| Pledges and grants receivable | $248,850 |
| Accounts receivable, net | $6,817,155 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,311 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,684,816 |
| Investments—publicly traded securities | $4,846,355 |
| Investments—other securities | $0 |
| Investments—program-related | $18,752,265 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,947,453 |
| Accounts payable and accrued expenses | $382,981 |
| Grants payable | $0 |
| Deferred revenue | $94,574 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,676,538 |
| Other liabilities | $0 |
| Total liabilities | $3,154,093 |
| Net assets without donor restrictions | $32,561,321 |
| Net assets with donor restrictions | $3,232,039 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,947,453 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Middleton Place Foundation has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Lucky Heart Fund Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
Rabin Foundation Palm Beach, FL PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $1,000 |
Endowment Analysis
| Beg. Balance | $892,302 |
| Earnings | $220,288 |
| Net Contributions | $52,088 |
| Ending Balance | $1,164,678 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Infantry Museum Foundation Inc Columbus, GA | $75,263,880 | $5,605,336 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
Charleston Museum Charleston, SC | $22,919,139 | $2,871,325 |
Museum Of The New South Inc Charlotte, NC | $19,470,866 | $6,687,366 |
Wheels Through Time Museum Inc Maggie Valley, NC | $9,023,268 | $3,376,533 |
Middleton Place Foundation Charleston, SC | $38,947,453 | $9,851,787 |
Upcountry History Museum Greenville, SC | $5,015,071 | $1,133,464 |
Friends Of The Strand Inc Marietta, GA | $4,885,519 | $1,911,052 |
The North Carolina Museum Of History Associates Inc Raleigh, NC | $798,352 | $1,183,113 |
Railway Tie Association Fayetteville, GA | $1,038,255 | $920,896 |
Augusta Museum Of History Inc Augusta, GA | $3,503,455 | $909,903 |