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Glenmore & May Sharp Trust EIN 58-6344359 Form 990 (PDF) Claim this org

Glenmore & May Sharp Trust FY2020 filing

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A private foundation based in Mt Pleasant, SC. It reported about $20K in revenue for 2020. For fiscal year 2020 it reported $20K in revenue, $110K in expenses.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Mt Pleasant, SC
Filings
2 on file (2020–2020)
Revenue
$20KFY2020
Expenses
$110K
Net assets
$0
People
0
Filings
2
Updates
0
More identity details & actions ⌄
EIN  58-6344359 Private foundation / grantmaker Mt Pleasant, SC
Form 990 (PDF)
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Size
<$100K
What they do
A private foundation based in Mt Pleasant, SC. It reported about $20K in revenue for 2020.
Money in and out
$20K revenue, $110K expenses
Bottom line
—
Grants paid & assets · FY2020
Total revenue
$20K
Pt VIII · Ln 12
Total expenses
$110K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$90K
Total assets
178K
deployed as grants and operations
Grants paid
110K
in FY2020
Grants made
18grants
total in period
Payout rate
62%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 18 grants · $201K · 2021–2021
Sumter Education FoundationSC · FY2021$26,034
United Ministries of SumterFY2021$24,000
Croswell Childrens HomeFY2021$20,000
Sumter Gallery of ArtSC · FY2021$20,000
Salvation Army Boys and Girls ClubFY2021$15,000
Morris CollegeSC · FY2021$15,000
Fireside Fund Co Salvation ArmyFY2021$15,000
Brookgreen GardensFY2021$10,000
The Salvation ArmyFY2021$10,000
Trinity United Methodist ChurchFY2021$10,000
Etv EndowmentFY2021$5,000
YWCAFY2021$5,000
Converse CollegeFY2021$5,000
Covenant Place INCVA · FY2021$5,000
YMCA of SumterFY2021$5,000
USC Sumter FoundationFY2021$5,000
Sumter County MuseumFY2021$4,000
Habitat for HumanityFY2021$2,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV4
Average grantPart XV$11K
Median grantPart XV$10K
Largest grantPart XV$26K
Top cause focusNTEEColleges & Universities (6%)

Summary of the Filing

Part I · fiscal year 2020 · Form 990-PF
Revenue
$20K
FY2020
Expenses
$110K
FY2020
Total assets
$178K
FY2020
Total liabilities
$268
FY2020
Total revenue
$20K
Pt VIII · Ln 12
Total expenses
$110K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Total assetsPt II$178K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGlenmore & May Sharp Trust
EINHdr · item D58-6344359
Principal addressHdr · item CMt Pleasant, SC
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported

Statement of Revenue

Part VIII
Investment income100%$20K
Total revenueLn 12$20K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.99 Operating & administrative $0.01
Grants & contributions paid99%$110K
Operating & administrative1%$594
Total functional expensesLn 25$110K

Balance Sheet

Part X · end of year
CashLn 1$5K
Total assetsLn 16$178K
Total liabilitiesLn 26$268
Total net assetsLn 32$0
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $178K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $20K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $20K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $20K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $20K · Expenses $110K
-453%
Liabilities-to-Assets
Total liabilities — · Total assets $178K
—
Net-asset ratio
Net assets $0 · Total assets $178K
0%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $110K
No individual compensation reported on this filing
Personnel share
not reported

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$25K revenue · ⤓ 990 PDF
FY2020$20K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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