Island Farm Foundation
- Assets
- $3.0m
- Revenue
- $663.9k
- Investments
- $2.9m
- Employees
- 0
- Location
- Charleston, SC
- Founding
- Data as of
- 12/2022
- EIN
- 87-2023289
Organization Overview
Island Farm Foundation is located in Charleston, SC. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Island Farm 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, Island Farm Foundation generated $663.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (42.4%) each year. All expenses for the organization totaled $264.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Island Farm Foundation has awarded 21 individual grants totaling $335,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anastasia R Bryan Vice President | 1 | $0 | |
Babak Bryan President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,940 |
| Dividends & Interest | $73,747 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $587,842 |
| Capital Gain Net Income | $587,842 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $389 |
| Total Revenue | $663,918 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,469 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $54,731 |
| Contributions, gifts, grants paid | $210,000 |
| Total expenses and disbursements | $264,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,550 |
| 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 | $0 |
| Total assets | $2,981,032 |
| 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, Island Farm Foundation has awarded $210,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Mount Pleasant, SC PURPOSE: SUPPORT FOR IMPROVERISHED COMMUNITIES OF CHARLESTON | $125,000 |
Charleston, SC PURPOSE: SUPPORT FOR FEEDING NEEDY FAMILIES THROUGHOUT SOUTH CAROLINA | $20,000 |
WORLD CENTRAL KITCHEN PURPOSE: FUNDING FOR PROVIDING MEALDS IN RESPONSE TO HUMANITARIAN, CLIMATE, AND COMMUNITY CRISES | $10,000 |
EAST COOPER HABITAT FOR HUMANITY PURPOSE: TO COMBAT HOUSING POVERTY IN THE CHARLESTON COMMUNITY | $10,000 |
Estes Park, CO PURPOSE: SUPPORT FOR CHRISTIAN PROGRAMS FOR FAMILIES AND YOUTH | $10,000 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: SUPPORT FOR HUMANITARIAN AID AND DEVELOPMENT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lettie Pate Whitehead Foundation Inc Atlanta, GA | $545,577,272 | $201,098,940 |
South Carolina Automobile Dealers Trust Columbia, SC | $615,773 | $12,853,378 |
John Rex Endowment Raleigh, NC | $72,005,406 | $10,264,844 |
Blake Family Foundation Inc Atlanta, GA | $54,641,915 | $13,537,530 |
St Marys United Methodist Church Foundation Inc Saint Marys, GA | $38,808,441 | $1,300,375 |
Nagrodsky Family Foundation Charleston, SC | $7,938,380 | $247,514 |
R Harold And Patsy Harrison Foundation Inc Brookhaven, GA | $31,730,871 | $2,128,634 |
National Association Of Chapter 13 Trustees Columbia, SC | $849,459 | $1,212,204 |
W O And Ann Powers Foundation Inc Florence, SC | $6,582,081 | $44,065 |
Kauffman Foundation Inc Atlanta, GA | $20,247,630 | $14,268,828 |
Charles A Cannon Charitable Trust No 3 Winstonsalem, NC | $11,245,815 | $429,551 |
Breman Foundation Inc Atlanta, GA | $15,316,218 | $1,852,961 |