Grace E And Louis Dewolff Foundation Inc
- Assets
- $1.3m
- Revenue
- $94.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Mount Pleasant, SC
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 57-1093125
Organization Overview
Grace E And Louis Dewolff Foundation Inc is located in Mount Pleasant, SC. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Grace E And Louis Dewolff 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 12/2021, Grace E And Louis Dewolff Foundation Inc generated $94.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $42.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Grace E And Louis Dewolff Foundation Inc has awarded 21 individual grants totaling $101,371. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WINDWOOD FARM HOME 4857 WINDWOOD FARM RD, AWENDAW, SC 29429 PROVIDING HELP, HOPE, AND HEALING THROUGH BEHAVORIAL EDUCATION
PRAGER UNIVERSITY FOUNDATION 15021 VENTURA BLVD, SHERMAN OAKS. CA 91403 CHANGING MINDS THROUGH THE CREATIVE USE OF DIGITAL MEDIA
FOLDS OF HONOR DEPARTMENT #13 TULSA, OK 74182
CHARLESTON GILLARD CENTER 95 CALHOUN STREET CHARLESTON, SC 29401
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas L Dewolff Director | 1 | $0 | |
Cynthia D Albrecht Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $49,785 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $154,253 |
| Net ST Capital Gain | $4,989 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,097 |
| Total Revenue | $94,889 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $679 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,446 |
| Printing and publications | $0 |
| Other expenses | $1,148 |
| Total operating and administrative expenses | $3,323 |
| Contributions, gifts, grants paid | $39,121 |
| Total expenses and disbursements | $42,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $86,113 |
| 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 | $2,676 |
| Total assets | $1,300,991 |
| 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, Grace E And Louis Dewolff Foundation Inc has awarded $39,121 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
WINDWOOD FARM HOME PURPOSE: PROVIDING HELP, HOPE, ANDHEALING THROUGH BEHAVORIALEDUCATION, AND THERAPEUTIC | $10,225 |
Sherman Oaks, CA PURPOSE: CHANGING MINDS THROUGHTHE CREATIVE USE OFDIGITAL MEDIA | $10,000 |
CHARLESTON GILLARD CENTER PURPOSE: TO PROVIDE CHAS SCA WORLD CLASS PERFORMANCEHALL | $5,050 |
FOLDS OF HONOR PURPOSE: TO GRANT SCHOLARSHIPSMILITARY FAMILIES | $5,000 |
CHARLES WEBB CENTER PURPOSE: TO AID CHILD'SGROWTH ANDDEVELOPMENT | $4,000 |
EAST COOPER MEALS ON WHEELS PURPOSE: PROVIDE MEALSTO RESIDENTS WITHIN OUR AREAS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Darnall W Boyd Foundation Inc Columbia, SC | $0 | $6,239,520 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Spring Foundation Inc Atlanta, GA | $104,160,284 | -$7,184,259 |
The Williams Brice Edwards Charitable Trust Sumter, SC | $57,951,375 | $6,028,487 |
The Scott Hudgens Family Foundation Inc Duluth, GA | $0 | $7,703,530 |
The Gift Of Hope Foundation Inc Roswell, GA | $66,505,995 | $8,440,568 |
Edus H & Harriet H Warren Foundation Inc Atlanta, GA | $0 | $46,804 |
William Howard Flowers Jr Thomasville, GA | $119,914,251 | $6,796,177 |
Wade L Layton Charitable Trust Savannah, GA | $6,847,787 | $1,861,389 |