Benefield Foundation
- Assets
- $555.8k
- Revenue
- $12.0k
- Investments
- $478.2k
- Employees
- 0
- Location
- Saint Simons Island, GA
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 58-2292440
Organization Overview
Benefield Foundation is located in Saint Simons Island, GA. The organization was established in 1997. 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. Benefield 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 12/2023, Benefield Foundation generated $12.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $18.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Benefield Foundation has awarded 122 individual grants totaling $203,827. 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 |
|---|---|---|---|
J Dewey Benefield Jr Director | 0 | $1,000 | |
James D Benefield III Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $21,036 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,030 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66 |
| Total operating and administrative expenses | $3,156 |
| Contributions, gifts, grants paid | $15,251 |
| Total expenses and disbursements | $18,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $77,593 |
| 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 | $555,796 |
| 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 | $262 |
| Total liabilities | $262 |
Grants Awarded
Over the last fiscal year, Benefield Foundation has awarded $15,251 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA PURPOSE: GENERAL SUPPORT | $100 |
GOLDEN ISLES YOUTH ORCHESTRA PURPOSE: GENERAL SUPPORT | $100 |
UNIVERSTIY OF GEORGIA LAW SCHOOL PURPOSE: GENERAL SUPPORT | $5,200 |
COASTAL GA HISTORICAL SOCIETY PURPOSE: GENERAL SUPPORT | $100 |
HOSPICE OF THE GOLDEN ISLES PURPOSE: GENERAL SUPPORT | $100 |
FREDERICA ACADEMY PURPOSE: GENERAL SUPPORT | $3,451 |