Chester Foundation
- Assets
- $12.3m
- Revenue
- $438.7k
- Investments
- $10.0m
- Employees
- 0
- Location
- Chester, SC
- Founding
- 04/1973
- Data as of
- 12/2021
- EIN
- 57-6056810
Organization Overview
Chester Foundation is located in Chester, SC. The organization was established in 1973. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Chester 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 12/2021, Chester Foundation generated $438.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $743.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Chester Foundation has awarded 177 individual grants totaling $5,188,500. 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 |
|---|---|---|---|
Robert W Moser Trustee | 0 | $3,700 | |
Dwight W Pearson Trustee | 0 | $3,700 | |
J Brian Singleton Trustee | 0 | $3,700 | |
Ladson F Stringfellow Trustee | 0 | $3,700 | |
Joseph M Mcelwee Jr Trustee | 0 | $3,700 | |
Janice T Dahnke Trustee | 0 | $2,023 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $57,510 |
| Dividends & Interest | $303,594 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,507 |
| Capital Gain Net Income | $63,859 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,076 |
| Total Revenue | $438,687 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,523 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,651 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,771 |
| Total operating and administrative expenses | $97,945 |
| Contributions, gifts, grants paid | $646,000 |
| Total expenses and disbursements | $743,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,275,425 |
| 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 | $82 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,255,394 |
| 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, Chester Foundation has awarded $646,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
USC SCHOLARSHIP PURPOSE: PUBLIC EDUCATION | $300,000 |
CLEMSON UNIV FOUNDATION PURPOSE: PUBLIC EDUCATION | $120,000 |
CHESTER CO PUBLIC ED FDTN PURPOSE: PUBLIC EDUCATION | $35,000 |
CHESTER AREA UNITED WAY PURPOSE: PUBLIC CHARITY | $25,000 |
Chester, SC PURPOSE: PUBLIC CHARITY | $22,000 |
CHRIST CENTRAL CENTER OF HOPE PURPOSE: PUBLIC CHARITY | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Federation Of Greater Atlanta Inc Atlanta, GA | $335,156,066 | $46,977,032 |
United Way Of Greater Charlotte Charlotte, NC | $28,665,296 | $24,251,139 |
United Way Of The Piedmont Inc Spartanburg, SC | $4,093,923 | $15,798,807 |
Bluecross Blueshield Of South Carolina Foundation Columbia, SC | $340,633,924 | $51,086,800 |
United Way Of Forsyth County Inc Winstonsalem, NC | $7,740,159 | $13,512,937 |
United Way Of The Midlands Columbia, SC | $21,822,205 | $12,356,591 |
United Way Of The Greater Triangle Inc Durham, NC | $8,988,793 | $10,685,118 |
United Way Of Greenville County Incorporated Greenville, SC | $26,398,141 | $12,601,521 |
Heritage Classic Foundation Hilton Head Island, SC | $10,740,368 | $11,355,325 |
United Way Of The Coastal Empire Inc Savannah, GA | $26,438,024 | $9,161,083 |
United Way Of Greater Greensboro Inc Greensboro, NC | $24,991,408 | $6,519,162 |
United Way Of The Central Savannah River Area Inc Augusta, GA | $2,548,465 | $8,329,042 |