The Fullerton Foundation Inc
- Assets
- $35.6m
- Revenue
- $2.8m
- Investments
- $34.6m
- Employees
- 0
- Location
- Gaffney, SC
- Founding
- 07/1987
- Data as of
- 11/2022
- EIN
- 57-0847444
Organization Overview
The Fullerton Foundation Inc is located in Gaffney, SC. The organization was established in 1987. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fullerton 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 11/2022, Fullerton Foundation Inc generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $2.3m during the year ending 11/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fullerton Foundation Inc has awarded 206 individual grants totaling $8,657,208. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris M Steed Executive Director | 40 | $151,252 | |
Helen B Atwood Director | 0.25 | $4,000 | |
A Wardlaw Hamrick Vice Chairman | 1 | $4,000 | |
Elaine H Shields Director | 0.25 | $4,000 | |
Thomas J Baden Director | 0.25 | $4,000 | |
Pace H Beattie Director | 0.25 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,435,439 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $355,269 |
| Capital Gain Net Income | $355,269 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28,196 |
| Total Revenue | $2,818,904 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $199,252 |
| Other employee salaries and wages | $46,947 |
| Pension plans, employee benefits | $19,429 |
| Interest | $0 |
| Taxes | $87,671 |
| Depreciation | $6,054 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $26,614 |
| Printing and publications | $0 |
| Other expenses | $59,791 |
| Total operating and administrative expenses | $624,027 |
| Contributions, gifts, grants paid | $1,684,853 |
| Total expenses and disbursements | $2,308,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,270 |
| Savings and temporary cash investments | $877,344 |
| 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 | $7,401,459 |
| Net Land, buildings, and equipment | $91,899 |
| Other assets | $0 |
| Total assets | $35,593,928 |
| 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, The Fullerton Foundation Inc has awarded $3,397,039 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
LIMESTONE UNIVERSITY PURPOSE: HLTH SCIENCES BLDG | $125,000 |
LIMESTONE UNIVERSITY PURPOSE: HLTH SCIENCES BLDG | $125,000 |
PROJECT HOPE FOUNDATION PURPOSE: PROFOUND ASD | $100,000 |
Anderson, SC PURPOSE: MS PATHOLOGY ASST | $100,000 |
Anderson, SC PURPOSE: MS PATHOLOGY ASST | $100,000 |
Greenwood, SC PURPOSE: VIDEO STUDIO | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Amity Medical Group Inc Charlotte, NC | $3,300,228 | $10,911,191 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Beemok Family Foundation Charleston, SC | $51,753,352 | $227,490 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
South Carolina Educational Credit For Exceptional Needs Children Fun Columbia, SC | $1,181,238 | $5,546,279 |