Floyd Family Foundation
- Assets
- $9.1m
- Revenue
- $553.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Florence, SC
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-3475223
Organization Overview
Floyd Family Foundation is located in Florence, SC. The organization was established in 2018. 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. Floyd Family 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, Floyd Family Foundation generated $553.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (38.3%) each year.
Since 2018, Floyd Family Foundation has awarded 43 individual grants totaling $1,085,565. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel M Floyd Sr Director | 10 | $0 | |
Daniel M Floyd Jr Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,224 |
| Dividends & Interest | $175,008 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $364,453 |
| Capital Gain Net Income | $364,453 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,935 |
| Total Revenue | $553,620 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,726 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,110 |
| Total operating and administrative expenses | $260,170 |
| Contributions, gifts, grants paid | $611,400 |
| Total expenses and disbursements | $871,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $9,145,620 |
| Total assets | $9,145,620 |
| 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, Floyd Family Foundation has awarded $503,565 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL MISSIONARY CLEARINGHOUSE PURPOSE: MISSIONARY | $10,000 |
CLARENDON CHRISTIAN LEARNING CENTER PURPOSE: MISSIONARY | $1,800 |
CHRIS DREW MINISTRIES PURPOSE: MISSIONARY | $45,000 |
MT PISGAH UNITED METHODIST PURPOSE: MISSIONARY | $21,865 |
GRACE BAPTIST CHURCH PURPOSE: MISSIONARY | $3,000 |
NEW PROSPECT FWB CHURCH PURPOSE: MISSIONARY | $15,000 |