Norman J And Gerry Sue Arnold Foundation
- Assets
- $6.0m
- Revenue
- $403.7k
- Investments
- $5.9m
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 09/1966
- Data as of
- 12/2022
- EIN
- 57-6029371
Organization Overview
Norman J And Gerry Sue Arnold Foundation is located in Columbia, SC. The organization was established in 1966. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Norman J And Gerry Sue Arnold 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, Norman J And Gerry Sue Arnold Foundation generated $403.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.3% each year . All expenses for the organization totaled $510.8k during the year ending 12/2022. While expenses have increased by 11.6% per year over the past 7 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.
Since 2015, Norman J And Gerry Sue Arnold Foundation has awarded 97 individual grants totaling $1,889,269. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse M Swearingen III Chariman/treasurer | 2 | $10,000 | |
Martin Perlmutter Vice Chairman | 2 | $10,000 | |
Mike Arnold Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $166,809 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $182,369 |
| Capital Gain Net Income | $182,369 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $54,568 |
| Total Revenue | $403,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,672 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $89,292 |
| Total operating and administrative expenses | $130,779 |
| Contributions, gifts, grants paid | $380,000 |
| Total expenses and disbursements | $510,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $120,784 |
| 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 | $3,225 |
| Total assets | $6,025,907 |
| 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, Norman J And Gerry Sue Arnold Foundation has awarded $380,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMIC MAGNET HIGH SCHOOL PURPOSE: SUPPORT AND FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION. | $10,000 |
BOYS & GIRLS CLUBS OF THE MIDLANDS PURPOSE: SUPPORT AND FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION. | $10,000 |
CAMP COLE PURPOSE: SUPPORT AND FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION. | $10,000 |
CHABAD LUBAVITCH OF SC PURPOSE: SUPPORT AND FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION. | $10,000 |
CHABAD OF THE LOWCOUNTRY PURPOSE: SUPPORT AND FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION. | $25,000 |
CHARLESTON ANIMAL SOCIETY PURPOSE: SUPPORT AND FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION. | $5,000 |