Foothills Community Foundation
- Assets
- $31.5m
- Revenue
- $1.5m
- Investments
- $27.0m
- Employees
- 2
- Location
- Anderson, SC
- Founding
- 09/1999
- Data as of
- 06/2022
- EIN
- 58-2453349
Organization Overview
Foothills Community Foundation is located in Anderson, SC. The organization was established in 1999. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Foothills Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foothills Community 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 06/2022, Foothills Community Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO NURTURE CHARITABLE WEALTH IN THE COMMUNITY FOR THE PERPETUAL BENEFIT OF THE PEOPLE IN THE SURROUNDING AREA. THE FOUNDATION CHANNELS GIFTS FROM PRIVATE AND CORPORATE DONORS TO A VARIETY OF CHARITABLE AND NONPROFIT ORGANIZATIONS IN THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO OTHER VARIOUS CHARITABLE AND NONPROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Dean Woods President | Officer | 40 | $118,394 |
James Boseman Member | Trustee | 1 | $0 |
Dennis Burt Vice Chairma | Trustee | 1 | $0 |
Gabrielle Cannick Member | Trustee | 1 | $0 |
Anthony Guiseppi-Elle Member | Trustee | 1 | $0 |
Ann Herbert Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,443,597 |
| Investment income | -$2,593,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,549,778 |
| Statement of Expenses | |
|---|---|
| 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. | $118,394 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,865 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,412 |
| Payroll taxes | $15,322 |
| Fees for services: Management | $245,501 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,904 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,161 |
| Office expenses | $11,175 |
| Information technology | $12,595 |
| Royalties | $0 |
| Occupancy | $100,227 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60 |
| Interest | $1,671 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,191 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,869,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,392,885 |
| 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 | $12,586 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $26,965,851 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,002,142 |
| Total assets | $31,506,778 |
| Accounts payable and accrued expenses | $35,073 |
| Grants payable | $0 |
| 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 | $27,244 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,718,244 |
| Total liabilities | $1,780,561 |
| Net assets without donor restrictions | $4,031,500 |
| Net assets with donor restrictions | $25,694,717 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $29,726,217 |
Grants Awarded
Over the last fiscal year, Foothills Community Foundation has awarded $488,725 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ANDERSON ART CENTER PURPOSE: CULTURAL DEVELOPMENT | $35,215 |
DOCLINK PURPOSE: HEALTHCARE | $38,962 |
CALVARY HOME FOR CHILDERN PURPOSE: CHILDREN'S SERVICES | $12,500 |
FIRST PRESBYTERIAN CHURCH PURPOSE: RELIGIOUS | $18,600 |
ST LUKE'S FREE MEDICAL CLINIC PURPOSE: HEALTHCARE | $8,526 |
GREATER ANDERSON MUSICAL ARTS CONSORTIUM PURPOSE: CULTURAL DEVELOPMENT | $45,970 |