Planters Telephone Foundation Inc
- Assets
- $7.2m
- Revenue
- $247.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Newington, GA
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 58-1983082
Organization Overview
Planters Telephone Foundation Inc is located in Newington, GA. The organization was established in 1994. According to its NTEE Classification (M40) the organization is classified as: Safety Education, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2022, Planters Telephone Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Planters Telephone Foundation Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Planters Telephone Foundation Inc generated $247.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $302.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Planters Telephone Foundation Inc has awarded 20 individual grants totaling $1,331,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE IMPROVED PUBLIC SAFETY, EDUCATION AND RECREATION THROUGH GRANTS TO TOWNS, FIRE DEPARTMENTS, RECREATION DEPARTMENTS, UNIVERSITIES AND OTHER PUBLIC WELFARE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Lacienski Director | OfficerTrustee | 1 | $2,400 |
Jeff Lariscy President | Trustee | 1 | $2,400 |
Ramona Kessler Director | Trustee | 1 | $2,400 |
Franklin Goldwire Director/cfo | OfficerTrustee | 1 | $2,400 |
Edwin N Lovett Director/secretary | OfficerTrustee | 1 | $2,400 |
Stephen Milner Officer | OfficerTrustee | 1 | $3,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $134,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $112,471 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $247,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $214,200 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $16,800 |
| Compensation of current officers, directors, key employees. | $16,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,557 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $302,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $749 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,192,199 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,192,948 |
| Accounts payable and accrued expenses | $435 |
| Grants payable | $72,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $72,435 |
| Net assets without donor restrictions | $7,120,513 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,192,948 |
Grants Awarded
Over the last fiscal year, Planters Telephone Foundation Inc has awarded $207,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PLANTERS TELECOMMUNICATIONS FOUNDATION INC PURPOSE: PROMOTE HEALTH, EDUCATION AND WELFARE | $135,000 |
THE GEORGIA SOUTHERN PURPOSE: PROMOTE EDUCATION | $72,000 |