Gavalas-Kolanko Foundation Inc
- Assets
- $71.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Pleasant, SC
- Founding
- 03/2001
- Data as of
- 11/2021
- EIN
- 57-1083197
Organization Overview
Gavalas-Kolanko Foundation Inc is located in Mt Pleasant, SC. The organization was established in 2001. According to its NTEE Classification (T30) the organization is classified as: Public 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. Gavalas-Kolanko 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 11/2021, Gavalas-Kolanko Foundation Inc generated $28.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $44.3k during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
17 SCHOLARSHIPS WERE AWARDED THROUGH 3 COLLEGES TO DISABLED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelby Smith Executive Di | 1 | $0 | |
Nicholas B Gavalas CFO | 5 | $0 | |
Joshua Broome Director | 0 | $0 | |
Paul Steadman Director | 0 | $0 | |
Catherine Gavalas Treasurer | 2 | $0 | |
Tommy Baker Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,437 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $62 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$4,055 |
| Other Revenue | $0 |
| Total Revenue | $28,444 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $626 |
| Other expenses | $5,861 |
| Total expenses | $44,287 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,164 |
| Other assets | $0 |
| Total assets | $71,164 |
| Total liabilities | $0 |
| Net assets or fund balances | $71,164 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gavalas-Kolanko Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Roy And Amanda Maybank Charitable Foundation Charleston, SC PURPOSE: GENERAL SUPPORT | $2,000 |
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|---|---|---|
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Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |
Pbsa Community Engagement Inc Atlanta, GA | $11,515,237 | $4,451,967 |
Vertuassets Foundation Inc Alpharetta, GA | $9,269,385 | $6,216,167 |
Cherokee Preservation Foundation Inc Cherokee, NC | $54,218,085 | $8,542,068 |
Bruce Barclay Cameron Foundation Inc Wilmington, NC | $54,642,091 | $12,592,781 |
School Of Government Foundation Inc Chapel Hill, NC | $45,503,923 | $4,914,270 |