Mary Black Foundation Inc
- Assets
- $85.7m
- Revenue
- $2.5m
- Investments
- $71.3m
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- 10/1987
- Data as of
- 12/2023
- EIN
- 57-0843135
Organization Overview
Mary Black Foundation Inc is located in Spartanburg, SC. The organization was established in 1987. 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. Mary Black 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 12/2023, Mary Black Foundation Inc generated $2.5m 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 (12.8%) each year. All expenses for the organization totaled $6.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mary Black Foundation Inc has awarded 694 individual grants totaling $39,604,462. 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 |
|---|---|---|---|
Dr Nayef Samhat Chair | 1 | $0 | |
Scott Neely Vice Chair | 1 | $0 | |
Sloan Evans Secretary/treasurer | 1 | $0 | |
Dr Kofi Appiah Trustee | 1 | $0 | |
Anna Converse Trustee | 1 | $0 | |
Dr Laura Barbas Rhoden Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Graystone Consultingmorgan Stanley | 12/30/23 | $355,602 |
Coldwell Banker Caine | 12/30/23 | $63,025 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $334,179 |
| Interest on Savings | $15,778 |
| Dividends & Interest | $1,955,356 |
| Net Rental Income | $70,930 |
| Net Gain on Sale of Assets | -$231,281 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $198,148 |
| Total Revenue | $2,479,810 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $203,497 |
| Other employee salaries and wages | $666,868 |
| Pension plans, employee benefits | $173,938 |
| Interest | $0 |
| Taxes | $98,602 |
| Depreciation | $185,991 |
| Occupancy | $168,681 |
| Travel, conferences, and meetings | $29,169 |
| Printing and publications | $13,910 |
| Other expenses | $728,561 |
| Total operating and administrative expenses | $2,734,592 |
| Contributions, gifts, grants paid | $3,516,626 |
| Total expenses and disbursements | $6,251,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $696,601 |
| Savings and temporary cash investments | $8,089,128 |
| Net Accounts receivable | $154,227 |
| 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 | $128,671 |
| Net Investments - land, buildings, equipment | $1,953,606 |
| Investments—mortgage loans | $0 |
| Investments—other | $71,320,011 |
| Net Land, buildings, and equipment | $2,042,908 |
| Other assets | $1,346,387 |
| Total assets | $85,731,539 |
| Accounts payable and accrued expenses | $28,567 |
| Grants payable | $3,250,281 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $51,105 |
| Total liabilities | $3,329,953 |
Grants Awarded
Over the last fiscal year, Mary Black Foundation Inc has awarded $6,387,620 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
A LIGHT UNTO MY PATH PURPOSE: A LIGHT - GENERAL OPERATING EXPENSE GRANT | $10,000 |
ADULT LEARNING CENTER INC PURPOSE: OPPORTUNITIES THROUGH EDUCATION 2023 | $10,000 |
AMERICAN RED CROSS PURPOSE: RED CROSS SOUND THE ALARM (STA) INITIATIVE | $2,500 |
ANGELS CHARGE MINISTRY PURPOSE: GENERAL OPERATING SUPPORT | $52,500 |
BEGINNING SC PURPOSE: SPARTANBURG COUNTY PARENT EDUCATION | $10,000 |
BIG BROTHERS BIG SISTERS OF THE UPSTATE PURPOSE: A SPARTANBURG COLLABORATIVE TO MITIGATE ACES IMPACT ON DISADVANTAGED CHILDREN | $12,000 |