Middleton Place Foundation
- Assets
- $37.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 66
- Location
- Charleston, SC
- Founding
- 03/1975
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Middleton Place Foundation generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. 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
2022
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.
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 |
|---|---|---|---|
Sallie Duell Chair | OfficerTrustee | 1 | $0 |
Charles Duell President Emeritus | OfficerTrustee | 40 | $0 |
Michael Laughlin Treasurer | OfficerTrustee | 1 | $0 |
Anne Gaud Tinker Secretary | OfficerTrustee | 1 | $0 |
Caroline Duell Board Member | Trustee | 1 | $0 |
June Watermen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $229,841 |
| All other contributions, gifts, grants, and similar amounts not included above | $913,073 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,142,914 |
| Total Program Service Revenue | $1,667,416 |
| Investment income | $160,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $232,630 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,473 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,222,058 |
| 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. | $125,000 |
| Compensation of current officers, directors, key employees. | $125,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $658,124 |
| Pension plan accruals and contributions | $272 |
| Other employee benefits | $19,144 |
| Payroll taxes | $56,061 |
| 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 | $36,833 |
| Fees for services: Other | $60,619 |
| Advertising and promotion | $9,462 |
| Office expenses | $89,004 |
| Information technology | $23,904 |
| Royalties | $0 |
| Occupancy | $150,071 |
| Travel | $3,648 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,379 |
| Interest | $58 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $140,101 |
| Insurance | $35,902 |
| All other expenses | $0 |
| Total functional expenses | $1,411,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,694 |
| Savings and temporary cash investments | $1,726,861 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,729,018 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,777 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,950,949 |
| Investments—publicly traded securities | $4,208,155 |
| Investments—other securities | $0 |
| Investments—program-related | $19,038,665 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,050,119 |
| Accounts payable and accrued expenses | $277,992 |
| Grants payable | $0 |
| Deferred revenue | $111,700 |
| 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 | $204,134 |
| Other liabilities | $0 |
| Total liabilities | $593,826 |
| Net assets without donor restrictions | $33,534,141 |
| Net assets with donor restrictions | $2,922,152 |
| 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 | $37,050,119 |