Sylvia & William W Gretsch Memorial Foundation
- Assets
- $1.4m
- Revenue
- $19.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgeland, SC
- Founding
- 07/1988
- Data as of
- 12/2022
- EIN
- 57-0834797
Organization Overview
Sylvia & William W Gretsch Memorial Foundation is located in Ridgeland, SC. The organization was established in 1988. 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. Sylvia & William W Gretsch Memorial 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, Sylvia & William W Gretsch Memorial Foundation generated $19.7k 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 (17.0%) each year. All expenses for the organization totaled $413.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sylvia & William W Gretsch Memorial Foundation has awarded 51 individual grants totaling $859,634. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MUSIC EDUCATION AND APPRECIATION OF MUSIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred W Gretsch President | 10 | $0 | |
Larry E Carroll Director | 2 | $0 | |
Alice B Hazel Treasurer | 2 | $0 | |
Heather A Roller Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,564 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $484 |
| Capital Gain Net Income | $484 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,628 |
| Total Revenue | $19,676 |
| 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 | $3,558 |
| Total operating and administrative expenses | $3,558 |
| Contributions, gifts, grants paid | $410,000 |
| Total expenses and disbursements | $413,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,702 |
| Savings and temporary cash investments | $86,524 |
| 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 | $1,013,649 |
| Total assets | $1,445,875 |
| 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, Sylvia & William W Gretsch Memorial Foundation has awarded $410,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LOYOLA PURPOSE: TO PROMOTE MUSIC EDUCATION | $20,000 |
ELMHURST COLLEGE PURPOSE: TO PROVIDE MUSIC EDUCATION | $5,000 |
LEGION OF CHRIST SACRED HEART PURPOSE: TO PROMOTE MUSIC EDUCATION | $135,000 |
LEGION OF CHRIST LEGIONAIRIES PURPOSE: MUSIC EDUCATION | $250,000 |