Nathan And Marlene Addlestone Foundation Inc
- Assets
- $1.4m
- Revenue
- $28.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 03/1980
- Data as of
- 12/2022
- EIN
- 57-0697712
Organization Overview
Nathan And Marlene Addlestone Foundation Inc is located in Charleston, SC. The organization was established in 1980. 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. Nathan And Marlene Addlestone 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 12/2022, Nathan And Marlene Addlestone Foundation Inc generated $28.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $61.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nathan And Marlene Addlestone Foundation Inc has awarded 266 individual grants totaling $557,620. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlene Addlestone Bursten President | 0 | $0 | |
Susan Addlestone Vice-President | 0 | $0 | |
Edward Kronsberg Sec/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,036 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,036 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,029 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,666 |
| Contributions, gifts, grants paid | $46,075 |
| Total expenses and disbursements | $61,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $675 |
| Savings and temporary cash investments | $76,088 |
| 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 | $115,806 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,025 |
| Total assets | $1,384,857 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Nathan And Marlene Addlestone Foundation Inc has awarded $46,075 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION FOR THE BLIND PURPOSE: SUPPORT OF COMMUNITY | $1,500 |
TRIDENT LITERACY ASSOCIATION PURPOSE: SUPPORT OF EDUCATION | $10,000 |
TRIDENT TECHNICAL COLLEGE PURPOSE: SUPPORT OF EDUCATION | $1,500 |
COLLEGE OF CHARLESTON FRIENDS OF THE LIBRARY PURPOSE: SUPPORT OF EDUCATION | $1,500 |
CHABAD OF WESTPORT PURPOSE: SUPPORT OF COMMUNITY | -$5,500 |
ST ANDREWS MATH & SCIENCE PURPOSE: SUPPORT OF EDUCATION | $750 |