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Nonprofiteer
← BALMER FOUNDATION INC

Form 990 for tax year 2022

Filed by BALMER FOUNDATION INC.

Totals

Total revenue
$164,190
Total expenses
$1,302,909
Contributions and grants received
$0
Grants paid
$1,205,000
Program service revenue
$0
Investment income
$646,937
Other revenue
-$482,747
Total assets, end of year
$34,371,148
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$34,371,148
Program services expenses (Part IX)
$1,216,844
Management and general expenses
$86,065
Fundraising expenses
$0
Program service expenses (Part III)
$1,216,844

Program services were 93.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $679,066 · excluded $679,066

  • 7b · Less cost or other basis and sales expenses

    securities $32,129

  • 7c · Gain or loss

    securities -$32,129

  • 7d · Net gain or loss

    total -$32,129 · excluded -$32,129

  • 11a · Other revenue: CHANGE IN VALUE OF SPL

    total -$482,747 · related or exempt -$482,747

  • 11e · Other revenue, total

    -$482,747

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,205,000 · program services $1,205,000

  • 11a · Fees: management

    total $86,065 · management and general $86,065

  • 24a · Other expenses: GRANT EXPENSE

    total $11,844 · program services $11,844

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $38,417,651 · end of year $32,672,708

  • 15 · Other assets

    beginning of year $2,082,699 · end of year $1,698,440

  • 28 · Net assets with donor restrictions

    beginning of year $40,500,350 · end of year $34,371,148

Mission and programs · 2022

Mission

CHARITABLE AND PHILANTHROPIC ENDEAVORS IN SUPPORT OF AND IN CONJUNCTION WITH THE SPARTANBURG COUNTY FOUNDATION.

  • CHARITABLE AND PHILANTHROPIC ENDEAVORS IN SUPPORT OF AND IN CONJUNCTION WITH THE SPARTANBURG COUNTY FOUNDATION.

    Expenses $1,216,844 · Grants $1,205,000

As filed on the 2022 return.

Listed in Part VII

  • Monty Mullen

    CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    1

  • Kenneth E Darr Jr

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Sam Galloway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313189349300606

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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