Grace E And Louis Dewolff Foundation Inc
- Assets
- $1.2m
- Revenue
- $41.5k
- Investments
- $1.1m
- Employees
- 0
- Location
- Mount Pleasant, SC
- Founding
- 06/2000
- Data as of
- 12/2023
- 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 12/2023, Grace E And Louis Dewolff Foundation Inc generated $41.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $72.9k during the year ending 12/2023. 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 58 individual grants totaling $219,635. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARLESTON ANIMAL SOCIETY 2455 REMOUNT RD, N. CHARLESTON, SC 29406 PREVENT CRUELTY TO ANIMALS
WINDWOOD FARMS 4857 WINDWOOD FARM RD., AWENDAW, SC 29429 WORKOONG TO ACHIEVE POSITIVE PERMANENCY FOR CHILDREN AND FAMILES
EAST COOPER MEALS ON WHEELS 2304 N. HWY 17, MT. PLEASANT, SC 29464 PROVIDE MEALS TO ELDERLY
CHARLES WEBB CENTER 1611 EVERGREEN ST., CHARLESTON, SC 29407 TO AID CHILDS GROWTH AND DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia D Albrecht Director | 1 | $0 | |
Douglas L Dewolff Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,774 |
| Dividends & Interest | $38,587 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $165 |
| Total Revenue | $41,526 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $739 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $653 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,036 |
| Contributions, gifts, grants paid | $64,854 |
| Total expenses and disbursements | $72,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $114,629 |
| 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 | $1,540 |
| 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 | $1,235,635 |
| 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 $64,854 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLES WEBB CENTER PURPOSE: TO AID CHILDSGROWTH ANDDEVELOPMENT | $4,000 |
EAST COOPER MEALS ON WHEELS PURPOSE: PROVIDE MEALSTO RESIDENTS WITHIN OUR AREAS | $9,756 |
FOLDS OF HONOR PURPOSE: TO GRANT SCHOLARSHIPSMILITARY FAMILIES | $3,000 |
MUSC CHILDRENS HOSPITAL PURPOSE: PROVIDES EDUCATIONRESEARCHM CLINICAL FOR CHILDREN | $263 |
CHARLESTON ANIMAL SOCIETY PURPOSE: PREVENT CRUELTYTO ANIMALS | $19,500 |
ISLE OF PALMS FLAGS FOR HEROS PURPOSE: SERVERS VETERANSWITH AMERICNAFLAGS | $1,000 |