Gmk Associates Inc Foundation
- Assets
- $424.9k
- Revenue
- $28.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 01/1985
- Data as of
- 12/2022
- EIN
- 57-0805352
Organization Overview
Gmk Associates Inc Foundation is located in Columbia, SC. The organization was established in 1985. 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. Gmk Associates Inc 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 12/2022, Gmk Associates Inc Foundation generated $28.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $17.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT VARIOUS NON-PROFIT EDUCATIONAL INSTITURTIONS, SOCIAL, ARTS, HUMAITIES AND ATHLETIC NP ORGANIZATIONS.
SEE ATTACHED SCHEDULE AT PART XV
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas P Monahan Trustee | 0 | $0 | |
Robert H Kennedy Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,800 |
| Interest on Savings | $26,921 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,721 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $167 |
| Total operating and administrative expenses | $167 |
| Contributions, gifts, grants paid | $17,075 |
| Total expenses and disbursements | $17,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,408 |
| 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 | $405,470 |
| 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 | $424,878 |
| 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, Gmk Associates Inc Foundation has awarded $17,075 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEN UNIVERSITY PURPOSE: TO FURHTER ORG'S NP OBJECTIVES | $1,000 |
SC STATE MUSEUM FUND PURPOSE: TO FURTHER ORG'S NP OBJECTIVES | $2,000 |
VORHEES COLLEGE PURPOSE: TO FURTHER ORG'S NP OBJECTIVES | $2,000 |
SC FAMILIES HELPING FAMILIES PURPOSE: TO FURTHER ORG'S NP OBJECTIVES | $3,725 |
STILL HOPES OPPORTUNITY FUND PURPOSE: TO FURTHER ORG'S NP OBJECTIVES | $6,750 |
SC INDEPENDENT COLLEGES PURPOSE: TO FURTHER ORG'S NP OBJECTIVES | $200 |