Inman-Riverdale Foundation
- Assets
- $1.9m
- Revenue
- $209.6k
- Investments
- $1.7m
- Employees
- 0
- Location
- Inman, SC
- Founding
- 09/1948
- Data as of
- 11/2021
- EIN
- 57-6019736
Organization Overview
Inman-Riverdale Foundation is located in Inman, SC. The organization was established in 1948. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inman-Riverdale 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 11/2021, Inman-Riverdale Foundation generated $209.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $102.9k during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Inman-Riverdale Foundation has awarded 33 individual grants totaling $1,025,017. 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
THE FOUNDATION'S DIRECT CHARITABLE EXPENDITURES ARE PRIMARILY RELATED TO COMMUNITY WELFARE, RECREATION, AND HEALTH ACTIVITIES, INCLUDING SCOUTING PROGRAMS, SOFTBALL,
TENNIS & RELATED PLAYGROUND FACILITIES, COMMUNITY RECREATION CENTER, BOWLING ALLEY, AND CERTAIN OTHER FACILITIES. THE ACTIVITIES/FACILITIES ARE AVAILABLE TO THE LOCAL COMMUNITIES
OF INMAN AND ENOREE, SOUTH CAROLINA, WITH RESPECTIVE ESTIMATED POPULATIONS OF 5,000 AND 1,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman H Chapman Chairman | 1 | $0 | |
H Ellis Fisher Vice Chairman | 1 | $0 | |
Patricia H Robbins Secretary | 1 | $0 | |
Matthew K Ezell Trustee | 1 | $0 | |
James C Pace Jr Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,275 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $175,284 |
| Capital Gain Net Income | $43,372 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $209,559 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,300 |
| Depreciation | $6,214 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,843 |
| Total operating and administrative expenses | $25,191 |
| Contributions, gifts, grants paid | $77,758 |
| Total expenses and disbursements | $102,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,230 |
| 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 | $1,746,301 |
| Net Land, buildings, and equipment | $93,584 |
| Other assets | $0 |
| Total assets | $1,898,115 |
| Accounts payable and accrued expenses | $1,500 |
| Grants payable | $39,400 |
| 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 | $40,900 |
Grants Awarded
Over the last fiscal year, Inman-Riverdale Foundation has awarded $99,558 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
THE ARTS PARTNERSHIP PURPOSE: GENERAL PURPOSE | $25,000 |
UNITED WAY OF THE PIEDMONT PURPOSE: GENERAL PURPOSE | $18,508 |
IPTAY (CLEMSON UNIV) PURPOSE: GENERAL PURPOSE | $14,700 |
MOBILE MEAL SERVICE OF SPARTANBURG CO PURPOSE: GENERAL PURPOSE | $13,000 |
EDUCATIONAL SCHOLARSHIP PURPOSE: EDUCATION | $11,300 |
Spartanburg, SC PURPOSE: GENERAL PURPOSE | $10,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |