Sottile Foundation
- Assets
- $377.3k
- Revenue
- $31.1k
- Investments
- $305.6k
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 09/1964
- Data as of
- 12/2022
- EIN
- 57-6025623
Organization Overview
Sottile Foundation is located in Charleston, SC. The organization was established in 1964. 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. Sottile 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 12/2022, Sottile Foundation generated $31.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $32.1k during the year ending 12/2022. While expenses have increased by 7.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Macy Accountant | 0 | $0 | |
Mary Ellen Way Trustee | 0 | $0 | |
Georgia Homer Darby Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $59 |
| Dividends & Interest | $17,446 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,572 |
| Capital Gain Net Income | $13,572 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,077 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $246 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $2,086 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $32,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,468 |
| Savings and temporary cash investments | $36,288 |
| 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 | $377,341 |
| 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, Sottile Foundation has awarded $6,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WHITESIDE ELEMENTARY SCHOOL PURPOSE: EDUCATIONAL | $1,500 |
LUCY BECKHAM HIGH SCHOOL PURPOSE: EDUCATIONAL | $1,500 |
ST ANDREWS SCHOOL OF MATH AND SCIENCE PURPOSE: EDUCATIONAL | $1,500 |
MASON PREPARATORY SCHOOL PURPOSE: EDUCATIONAL | $1,500 |