Local Boys Do Good
- Assets
- $1.0m
- Revenue
- $500.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Greenville, SC
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 20-5093812
Organization Overview
Local Boys Do Good is located in Greenville, SC. The organization was established in 2006. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Local Boys Do Good employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Boys Do Good 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, Local Boys Do Good generated $500.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $335.5k during the year ending 12/2022. While expenses have increased by 9.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Local Boys Do Good has awarded 12 individual grants totaling $119,226. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF LOCAL BOYS DO GOOD IS TO PROMOTE TOURISM OF THE UPSTATE TO FOOD, WINE AND MUSIC CONOISSEURS; HIGHLIGHT THE CULINARY AND ARTS COMMUNITY OF THE UPSTATE SOUTH CAROLINA; AND GRANT PROCEEDS TO BENEFIT LOCAL NON- PROFIT ORGANIZATIONS RELATED TO FOOD (SUSTENANCE), ART, AND MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDING FOR LOCAL CHARITIES IN THE UPSTATE OF SOUTH CAROLINA RELATED TO SUSTENANCE (FOOD, HUNGER & HEALTH), EDUCATING THROUGH MUSIC (PERFORMING ARTS OR OTHERWISE) AND SUPPORTING CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenna Bates Board Member | Trustee | 0.5 | $0 |
Chris Beard Secretary | OfficerTrustee | 1 | $0 |
Hayley Bledsoe Board Member | Trustee | 0.5 | $0 |
Matt Cotner Board Member | Trustee | 0.5 | $0 |
John Deck Board Member | Trustee | 0.5 | $0 |
Kim Eades Vice Chairma | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $426,605 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $426,605 |
| Total Program Service Revenue | $0 |
| Investment income | $2,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $455 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $500,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,734 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $680 |
| Payroll taxes | $16,810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,157 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,590 |
| Travel | $13,707 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $768 |
| Insurance | $2,909 |
| All other expenses | $0 |
| Total functional expenses | $335,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $953,623 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,753 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,901 |
| Net Land, buildings, and equipment | $31 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,940 |
| Other assets | $0 |
| Total assets | $1,018,248 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,323 |
| Total liabilities | $9,323 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,008,925 |
| Total liabilities and net assets/fund balances | $1,018,248 |
Grants Awarded
Over the last fiscal year, Local Boys Do Good has awarded $47,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MEYER CENTER FOR SPECIAL CHILDREN | | | $7,145 |
GREENVILLE TECH FOUNDATION INC PURPOSE: GENERAL SUPPORT | $20,000 |
MILL VILLAGE FARMS MINISTRIES | | | $12,855 |
A CHILD'S HAVEN | | | $7,500 |