Abernethy-Mulcahy Foundation
- Assets
- $120.0k
- Revenue
- $10.3k
- Investments
- $122.0k
- Employees
- 0
- Location
- Hartsville, SC
- Founding
- 05/2001
- Data as of
- 07/2023
- EIN
- 57-1054234
Organization Overview
Abernethy-Mulcahy Foundation is located in Hartsville, SC. The organization was established in 2001. 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. Abernethy-Mulcahy 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 07/2023, Abernethy-Mulcahy Foundation generated $10.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.2k during the year ending 07/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
READING PROGRAM TO IMPROVE READING SKILLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Haney Exec Director | 3 | $0 | |
Larry Haney Board Member | 1 | $0 | |
Minnie Collins Board Member | 1 | $0 | |
Mary Davis Board Member | 1 | $0 | |
Mellany Isom Board Member | 1 | $0 | |
Emily Hicks Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,014 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,334 |
| Capital Gain Net Income | $3,334 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $140 |
| Taxes | $108 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $248 |
| Contributions, gifts, grants paid | $1,934 |
| Total expenses and disbursements | $2,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2,031 |
| 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 | $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 | $0 |
| Total assets | $119,998 |
| 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, Abernethy-Mulcahy Foundation has awarded $1,934 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
HARRY GRAHAM PURPOSE: SUPPLYEDUCATIONAL PROGRAMS | $0 |
SCHOLASTIC INC PURPOSE: EDUCATIONAL TRIPS AND LEARNING | $159 |
ROSENWALL ELEMENTARY PURPOSE: BOOKSLEARNING | $0 |
DAVIS YOUTH & FAMILY DEV PURPOSE: BOOKSLEARNING | $1,550 |
INTERSTATE BOOKS PURPOSE: BOOKSLEARNING | $0 |
SC PROGRESSIVE BOOKS PURPOSE: BOOKSLEARNING | $0 |