Catalyst Foundation
- Assets
- $7.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- North Charleston, SC
- Founding
- Data as of
- 06/2022
- EIN
- 85-3869699
Organization Overview
Catalyst Foundation is located in North Charleston, SC. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catalyst Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE CATALYST FOUNDATION EXISTS TO SUPPORT AND PROMOTE ECONOMIC DEVELOPMENT IN THE THREE-COUNTY CHARLESTON, SC REGION. AS A NEWLY FORMED ENTITY (ESTABLISHED IN THE FALL OF 2021), THE FOUNDATIONS INITIAL ACTIVITIES WERE FOCUSED ON ESTABLISHING A BASE OF FUNDING TO SUPPORT ITS FUTURE OPERATIONS AND ECONOMIC DEVELOPMENT PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Gallagher Chair / Pres | 0.04 | $0 | |
Peter Fennelly Vice Chair / | 0.04 | $0 | |
Mary Garcia Treasurer | 0.04 | $0 | |
Jaime Caldwell Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $15,000 |
| Occupancy, rent, utilities, and maintenance | $3,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $18,000 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,000 |
| Other assets | $0 |
| Total assets | $7,000 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,000 |
Peer Organizations
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|---|---|---|
Charlotte Center City Partners Charlotte, NC | $3,090,178 | $6,164,890 |
Catawba Regional Council Of Governments Rock Hill, SC | $18,118,741 | $10,188,786 |
Metanoia North Charleston, SC | $10,676,090 | $4,102,984 |
Forward Cities Inc Durham, NC | $1,196,373 | $2,460,187 |
Industrial Commons Morganton, NC | $6,060,975 | $4,558,553 |
Partners In Ministry Laurinburg, NC | $1,633,972 | $2,541,350 |
Small Business Assistance Corp Savannah, GA | $17,970,431 | $1,539,306 |
University City Partners Inc Charlotte, NC | $2,214,433 | $1,919,928 |
South Carolina Association For Community Economic Development Charleston, SC | $1,162,743 | $1,317,378 |
Pitt County Committee Of 100 Inc Greenville, NC | $5,005,842 | $1,536,150 |
Climb Fund Charleston, SC | $28,483,157 | $3,819,413 |
New Communities Inc Albany, GA | $5,753,333 | $428,039 |