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← FRANCES P BUNNELLE FOUNDATION

Form 990 for tax year 2023

Filed by FRANCES P BUNNELLE FOUNDATION.

Totals

Total revenue
$1,037,003
Total expenses
$3,440,118
Contributions and grants received
$143,815
Grants paid
$1,901,687
Program service revenue
$0
Investment income
$892,987
Other revenue
$201
Total assets, end of year
$43,887,161
Total liabilities, end of year
$271,622
Net assets or fund balances, end of year
$43,615,539
Program services expenses (Part IX)
$3,031,435
Management and general expenses
$408,683
Fundraising expenses
$0
Program service expenses (Part III)
$3,031,435

Program services were 88.1% 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.

  • 1f · All other contributions, gifts and grants

    $143,815

  • 3 · Investment income

    total $1,322,341 · excluded $1,322,341

  • 7a · Gross sales of assets other than inventory

    securities $6,690,567

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

    securities $7,119,921

  • 7c · Gain or loss

    securities -$429,354

  • 7d · Net gain or loss

    total -$429,354 · excluded -$429,354

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $201 · excluded $201

  • 11e · Other revenue, total

    $201

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,901,687 · program services $1,901,687

  • 7 · Other salaries and wages

    total $440,066 · program services $322,426 · management and general $117,640

  • 8 · Pension plan contributions

    total $19,516 · program services $14,299 · management and general $5,217

  • 9 · Other employee benefits

    total $50,958 · program services $37,336 · management and general $13,622

  • 10 · Payroll taxes

    total $30,664 · program services $22,467 · management and general $8,197

  • 11f · Fees: investment management

    total $35,633 · management and general $35,633

  • 11g · Fees: other

    total $183,766 · program services $180,298 · management and general $3,468

  • 12 · Advertising and promotion

    total $12,413 · program services $12,413

  • 13 · Office expenses

    total $25,202 · program services $18,465 · management and general $6,737

  • 14 · Information technology

    total $24,481 · management and general $24,481

  • 16 · Occupancy

    total $56,892 · program services $20,075 · management and general $36,817

  • 17 · Travel

    total $30,045 · program services $23,461 · management and general $6,584

  • 19 · Conferences, conventions and meetings

    total $354,167 · program services $332,179 · management and general $21,988

  • 21 · Payments to affiliates

    total $109,035 · management and general $109,035

  • 22 · Depreciation, depletion and amortization

    total $49,016 · program services $35,913 · management and general $13,103

  • 23 · Insurance

    total $9,169 · program services $6,718 · management and general $2,451

  • 24a · Other expenses: OTHER PROGRAM EXPENSE

    total $70,625 · program services $70,625

  • 24b · Other expenses: SPONSORSHIPS

    total $18,044 · program services $18,044

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $13,874 · program services $10,164 · management and general $3,710

  • 24d · Other expenses: GIFTS

    total $3,700 · program services $3,700

  • 24e · All other expenses

    total $1,165 · program services $1,165

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $951,154 · end of year $946,401

  • 2 · Savings and temporary cash investments

    beginning of year $3,937,518 · end of year $3,657,376

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,763 · end of year $21,359

  • 10a · Land, buildings and equipment: cost or other basis

    $1,447,773

  • 10b · Land, buildings and equipment: accumulated depreciation

    $326,402

  • 10c · Land, buildings and equipment, net

    beginning of year $1,053,929 · end of year $1,121,371

  • 11 · Investments: publicly traded securities

    beginning of year $28,125,251 · end of year $31,704,140

  • 12 · Investments: other securities

    beginning of year $7,305,712 · end of year $6,436,514

  • 13 · Investments: program-related

    beginning of year $100,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,045 · end of year $45,657

  • 18 · Grants payable

    beginning of year $185,905 · end of year $149,000

  • 19 · Deferred revenue

    beginning of year $44,600 · end of year $76,400

  • 24 · Unsecured notes and loans payable

    beginning of year $3,918 · end of year $565

  • 27 · Net assets without donor restrictions

    beginning of year $41,210,859 · end of year $43,615,539

Mission and programs · 2023

Mission

THE VISION OF THE FRANCES P. BUNNELLE FOUNDATION IS A DIVERSE COMMUNITY WITH ABUNDANT OPPORTUNITY FOR WORK, RECREATION AND SUSTAINABLE LIVING. THE FOUNDATION BUILDS COMMUNITY BY LISTENING TO, LEARNING FROM, AND SERVING LOCAL NONPROFIT ORGANIZATIONS.

Activities or mission (Part I)

TO IMPROVE THE QUALITY OF LIFE FOR GEORGETOWN COUNTY CITIZENS WITH A FOCUS ON ADDRESSING THE CAUSE OF POVERTY, BASIC HUMAN NEEDS, ECONOMIC GROWTH, ENVIRONMENTAL CONSERVATION, AND ENCOURAGING POSITIVE YOUTH DEVELOPMENT.

  • THE FRANCES P. BUNNELLE FOUNDATION SERVES THE GEORGETOWN COUNTY REGION THROUGH A ROBUST GRANTMAKING PROGRAM AND LEADS OTHER IMPORTANT COMMUNITY-WIDE INITIATIVES. THE BUNNELLE CENTER: IN 2023, THE FOUNDATION CONTINUED TO MAKE MEETING SPACE AVAILABLE AT NO CHARGE TO NONPROFITS SERVING GEORGETOWN COUNTY. THE BUILDING INCLUDES TWO MEETING ROOMS, ONE WITH STATE-OF-THE-ART TECHNOLOGY THAT CAN ACCOMMODATE 50+ PEOPLE, AND ANOTHER SMALL MEETING ROOM THAT CAN ACCOMMODATE 12. PALMETTO GIVING DAY: THE FOUNDATION WAS PROUD TO SUPPORT PALMETTO GIVING DAY IN 2023 WITH MATCHING FUNDS AND ADMINISTRATIVE SUPPORT. OVER $3.8 MILLION WAS RAISED OVER A 36-HOUR PERIOD THROUGH ONLINE GIVING TO SUPPORT 83 ORGANIZATIONS THAT SERVE GEORGETOWN COUNTY. PATHWAYS TO POSSIBILITIES: IN 2023 THE FOUNDATION HOSTED THE 5TH ANNUAL PATHWAYS TO POSSIBILITIES CAREER EXPO WHICH REACHED OVER 5,000 8TH GRADERS FROM 9 COUNTIES. THIS MARKED THE RETURN OF THE IN-PERSON EVENT, AS THE PREVIOUS TWO YEARS WERE HELD ONLINE DUE TO THE PANDEMIC. THE EVENT CONNECTS STUDENTS WITH CAREER EDUCATION AND FUTURE OPPORTUNITIES WITH OVER 80 REGIONAL EMPLOYERS IN AN INTERACTIVE WORKFORCE DEVELOPMENT EXPERIENCE.

    Expenses $1,129,748

  • GRANTMAKING: IN 2023 THE FOUNDATION AWARDED OVER $1.9M IN GRANTS TO 107 DIFFERENT ORGANIZATIONS THAT SUPPORT GEORGETOWN COUNTY IN THE AREAS THAT MEET THE BUNNELLE MISSION. THESE GRANTS WERE DISTRIBUTED AS FOLLOWS: 118 GRANTS TOTALING $720,414 SUPPORTING YOUTH DEVELOPMENT PROGRAMS, 114 GRANTS TOTALING $768,016 SUPPORTING HUMAN NEEDS PROGRAMS, 33 GRANTS TOTALING $266,114 SUPPORTING ENVIRONMENTAL PROGRAMS, 18 GRANTS TOTALING $113,775 SUPPORTING ROOT CAUSES OF POVERTY EFFORTS, 10 GRANTS TOTALING $42,500 SUPPORTING ECONOMIC VITALITY INITIATIVES.

    Expenses $1,901,687 · Grants $1,901,687

  • CRADLE TO CAREER: THE CRADLE TO CAREER (C2C) INITIATIVE HIGHLIGHTS THE BUNNELLE FOUNDATION'S WORK TO ENSURE THAT ALL YOUNG PEOPLE IN GEORGETOWN COUNTY WILL HAVE THE CHARACTER, COMPETENCIES, CREATIVITY AND MOTIVATION REQUIRED FOR TRADITIONAL AND NEW ECONOMY JOBS. THE INITIATIVE WAS CREATED TO ADDRESS THE TREND OF YOUNG PEOPLE LEAVING GEORGETOWN COUNTY AFTER HIGH SCHOOL DUE TO A LACK OF OPPORTUNITY IN THE AREA, PROMOTING POSITIVE YOUTH DEVELOPMENT AND ECONOMIC VITALITY THROUGH PARTNERSHIPS THAT WILL HELP CREATE OPPORTUNITY IN GEORGETOWN COUNTY. PROJECTS INCLUDE INTERNSHIPS FOR COLLEGE STUDENTS WITH LOCAL BUSINESSES AND A YOUTH BOARD FOR HIGH SCHOOL STUDENTS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ray C Funnye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Michelle Mapp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Sarah P Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • C Michael Branham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Charles R Swenson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Jane Litz

    CFO

    Total calculated
    $224,015
    From this org
    $0
    From related orgs
    $195,039
    Other
    $28,976
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,039 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,921 related
    Nontaxable benefits
    $0 + $19,055 related
    Filer's total
    $0 + $224,015 related

  • Geales Sands

    EXECUTIVE DIRECTOR

    Total calculated
    $194,992
    From this org
    $0
    From related orgs
    $184,533
    Other
    $10,459
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $0 + $184,533 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,204 related
    Nontaxable benefits
    $0 + $1,255 related
    Filer's total
    $0 + $194,992 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FPB REALTY LLC

    INACTIVE · SC · income $0 · assets $0

    Directly controlled by FRANCES P BUNNELLE FOUNDATION

  • FPBF LLC

    HOLD REAL ESTATE OF FRANCES P. BUNNELLE FOUNDATION · SC · income $0 · assets $1,121,371

    Directly controlled by FRANCES P BUNNELLE FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2024
IRS schema version
2023v5.0
Source object
202431309349301633

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

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