Independent Insurance Agents Of South Carolina Foundation Incorpor
- Assets
- $643.4k
- Revenue
- $40.7k
- Investments
- $638.5k
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 07/1985
- Data as of
- 12/2022
- EIN
- 57-0781364
Organization Overview
Independent Insurance Agents Of South Carolina Foundation Incorpor is located in Columbia, SC. The organization was established in 1985. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Insurance Agents Of South Carolina Foundation Incorpor 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, Independent Insurance Agents Of South Carolina Foundation Incorpor generated $40.7k in total revenue. All expenses for the organization totaled $56.0k during the year ending 12/2022. While expenses have increased by 2.6% 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 2016, Independent Insurance Agents Of South Carolina Foundation Incorpor has awarded 44 individual grants totaling $219,180. 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 |
|---|---|---|---|
Robert N Mclellan Jr Trustee | 1 | $0 | |
Andrew N Theodore Chair | 1 | $0 | |
Lee Ellis Trustee | 1 | $0 | |
L Victor Jowers Jr Vice Chair | 1 | $0 | |
Robert Moseley Trustee | 1 | $0 | |
Frank Sheppard President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,875 |
| Interest on Savings | $3,173 |
| Dividends & Interest | $10,436 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,252 |
| Capital Gain Net Income | $25,252 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,736 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,439 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,355 |
| Total operating and administrative expenses | $17,504 |
| Contributions, gifts, grants paid | $38,456 |
| Total expenses and disbursements | $55,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,861 |
| 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 | $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 | $643,394 |
| 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, Independent Insurance Agents Of South Carolina Foundation Incorpor has awarded $38,456 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
IIABSC PURPOSE: SUPPORT EXEMPT PURPOSE | $10,000 |
CIC SCHOLARSHIPS - 435 EACH PURPOSE: EDUCATION | $1,740 |
IIABSC YOUNG AGENT SCHOLARSHIPS PURPOSE: EDUCATION | $5,216 |
FDN SCHOLARSHIPS - 2000 EACH PURPOSE: EDUCATION | $14,000 |
IIANC SCHOLARSHIPS PURPOSE: EDUCATION | $7,500 |