The Fullerton Foundation Inc
- Assets
- $34.7m
- Revenue
- $1.2m
- Investments
- $33.7m
- Employees
- 0
- Location
- Gaffney, SC
- Founding
- 07/1987
- Data as of
- 11/2023
- 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 11/2023, Fullerton Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.0m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fullerton Foundation Inc has awarded 265 individual grants totaling $12,347,440. 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
2023
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris M Steed Executive Director | 40 | $155,022 | |
Helen B Atwood Director | 0.25 | $4,000 | |
A Wardlaw Hamrick Director | 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 | $1,700,010 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$539,652 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,520 |
| Total Revenue | $1,161,878 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,000 |
| Other employee salaries and wages | $188,135 |
| Pension plans, employee benefits | $20,242 |
| Interest | $0 |
| Taxes | $42,979 |
| Depreciation | $6,272 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,753 |
| Printing and publications | $0 |
| Other expenses | $69,929 |
| Total operating and administrative expenses | $564,015 |
| Contributions, gifts, grants paid | $1,417,418 |
| Total expenses and disbursements | $1,981,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,498 |
| Savings and temporary cash investments | $804,186 |
| 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 | $8,217,745 |
| Net Land, buildings, and equipment | $88,686 |
| Other assets | $0 |
| Total assets | $34,696,450 |
| 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 $3,690,232 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: TRANSPORTATION | $32,200 |
ANDERSON UNIVERSITY PURPOSE: NURSE PRACTITIONER SCHOLARSHIP | $10,000 |
ANDERSON UNIVERSITY PURPOSE: NURSE PRACTITIONER SCHOLARSHIP | $10,000 |
ANDERSON UNIVERSITY PURPOSE: ESTABLISHMENT OF A MASTER OF MEDICAL SCIENCE IN PATHOLOGISTS' ASSISTANT PROGRAM | $100,000 |
ANDERSON UNIVERSITY PURPOSE: ESTABLISHMENT OF A MASTER OF MEDICAL SCIENCE IN PATHOLOGISTS' ASSISTANT PROGRAM | $100,000 |
CLEVELAND COUNTY YMCA PURPOSE: BEHAVIORAL HEALTH ACCESS | $52,000 |