Palmetto Farms Foundation
- Assets
- $2.4m
- Revenue
- $326.1k
- Investments
- $2.4m
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 57-6178213
Organization Overview
Palmetto Farms Foundation is located in Greenville, SC. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Palmetto Farms 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, Palmetto Farms Foundation generated $326.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $150.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Palmetto Farms Foundation has awarded 51 individual grants totaling $481,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dixon C Cunningham Trustee | 2 | $0 | |
Eudora M Cunningham Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $191,930 |
| Interest on Savings | $25 |
| Dividends & Interest | $93,928 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,113 |
| Capital Gain Net Income | $1,113 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39,084 |
| Total Revenue | $326,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $302 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,969 |
| Contributions, gifts, grants paid | $145,000 |
| Total expenses and disbursements | $149,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,965 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,428,417 |
| 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 | $372,584 |
| Total liabilities | $372,584 |
Grants Awarded
Over the last fiscal year, Palmetto Farms Foundation has awarded $145,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN FOUNDATION PURPOSE: UNRESTRICTED | $2,000 |
SAMARITANS PURSE PURPOSE: UNRESTRICTED | $10,000 |
SC CHRISTIAN FOUNDATION PURPOSE: UNRESTRICTED | $5,000 |
GLORY RIDGE PURPOSE: UNRESTRICTED | $5,000 |
FIRST PRESBYTERIAN ACADEMY PURPOSE: UNRESTRICTED | $5,000 |
THE OUTREACH FOUNDATION PURPOSE: UNRESTRICTED | $5,000 |