Cp Legacy Foundation Of Sumter Sc Inc
- Assets
- $15.5m
- Revenue
- $2.8m
- Investments
- $9.6m
- Employees
- 0
- Location
- Sumter, SC
- Founding
- Data as of
- 12/2023
- EIN
- 88-2800031
Organization Overview
Cp Legacy Foundation Of Sumter Sc Inc is located in Sumter, SC. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cp Legacy Foundation Of Sumter SC Inc 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, Cp Legacy Foundation Of Sumter SC Inc generated $2.8m 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 (54.5%) each year. All expenses for the organization totaled $488.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank O Edwards Chairman | 1 | $0 | |
Sue Mcduffie Vice-Chair | 1 | $0 | |
Bill Stokes Secretary | 1 | $0 | |
Leon Mcdonald Treasurer | 1 | $0 | |
Barry Reynolds Director | 1 | $0 | |
Vicki Goodwin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,249,951 |
| Interest on Savings | $19,459 |
| Dividends & Interest | $527,125 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$37,961 |
| Capital Gain Net Income | $48,749 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,758,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $143 |
| Taxes | $10,778 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,542 |
| Total operating and administrative expenses | $148,787 |
| Contributions, gifts, grants paid | $340,000 |
| Total expenses and disbursements | $488,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,851,742 |
| 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 | $4,095,970 |
| Total assets | $15,541,880 |
| 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, Cp Legacy Foundation Of Sumter Sc Inc has awarded $340,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED MINISTRIES PURPOSE: SPECIAL PROJECTS | $165,000 |
SOLOMON'S HOUSE PURPOSE: SPECIAL PROJECT | $75,000 |
HABITAT FOR HUMANITY PURPOSE: SPECIAL PROJECTS | $75,000 |
CENTRAL CAROLINA TECHNICAL COLLEGE PURPOSE: SPECIAL PROJECTS | $12,500 |
UNIVERSITY OF SOUTH CAROLINA PURPOSE: OPERATIONS | $12,500 |