Waccamaw Community Foundation Inc
- Assets
- $28.2m
- Revenue
- $5.5m
- Investments
- $6.8m
- Employees
- 0
- Location
- Murrells Inlet, SC
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 56-2121992
Organization Overview
Waccamaw Community Foundation Inc is located in Murrells Inlet, SC. The organization was established in 2015. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waccamaw Community Foundation 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 12/2022, Waccamaw Community Foundation Inc generated $5.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Waccamaw Community Foundation Inc has awarded 479 individual grants totaling $24,414,699. 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
WACCAMAW COMMUNITY FOUNDATION BUILDS SUSTAINABLE PHILANTHROPY BY CONNECTING DONORS WITH CAUSES THEY CARE ABOUT TO STRENGTHEN OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING - OUR GRANTMAKING SPANS THE COMMUNITY'S BROADEST AREAS, FROM ARTS AND CULTURE TO COMMUNITY DEVELOPMENT, AND PROVIDES CRITICAL OPERATIONAL AND PROGRAMMATIC SUPPORT FOR THE NETWORK OF NONPROFIT ACTIVITIES IN OUR 2-COUNTY SERVICE AREA AND BEYOND.IN 2022, THE WACCAMAW COMMUNITY FOUNDATION DISPERSED 373 GRANTS AND SCHOLARSHIPS TOTALING $2,430,495. THESE GRANTS WERE DISTRIBUTED AS FOLLOWS: 94 GRANTS TOTALING $457,807 SUPPORTING VARIOUS EDUCATIONAL PURSUITS, 31 GRANTS TOTALING $140,648 SUPPORTING NEIGHBORHOOD & COMMUNITY DEVELOPMENT, 80 GRANTS TOTALING $458,437 SUPPORTING HUMAN NEEDS, 19 GRANTS TOTALING $642,111 SUPPORTING ENVIRONMENTAL EFFORTS, 50 GRANTS TOTALING $126,512 SUPPORTING HEALTH INITIATIVES, AND 73 GRANTS TOTALING $380,751 IN SUPPORT OF RELIGIOUS ORGANIZATIONS, 23 GRANTS TOTALING $201,959 IN SUPPORT OF THE ARTS, 2 GRANTS TOTALING $21,497 FOR OTHER PHILANTHROPIC EFFORTS AND 1 GRANT FOR $773 FOR SOCIAL JUSTICE EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Bailey Director | Trustee | 1 | $0 |
Tyler Easterling Director | Trustee | 1 | $0 |
Chris Hanna Director | Trustee | 1 | $0 |
Rick Elliot Director | Trustee | 1 | $0 |
Terri Decenzo Director | Trustee | 1 | $0 |
Phillip Anderson Director | Trustee | 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 | $4,056,274 |
| Noncash contributions included in lines 1a–1f | $248,792 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,056,274 |
| Total Program Service Revenue | $407,472 |
| Investment income | $636,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $436,089 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,536,720 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,214,913 |
| Grants and other assistance to domestic individuals. | $215,582 |
| 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 | $243,888 |
| Pension plan accruals and contributions | $9,520 |
| Other employee benefits | $44,656 |
| Payroll taxes | $17,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,834 |
| Fees for services: Other | $44,735 |
| Advertising and promotion | $1,183 |
| Office expenses | $6,384 |
| Information technology | $874 |
| Royalties | $0 |
| Occupancy | $18,294 |
| Travel | $2,443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,314 |
| Interest | $0 |
| Payments to affiliates | $100,058 |
| Depreciation, depletion, and amortization | $12,968 |
| Insurance | $2,502 |
| All other expenses | $1,754 |
| Total functional expenses | $3,419,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,239,131 |
| Savings and temporary cash investments | $2,407,731 |
| Pledges and grants receivable | $82,260 |
| Accounts receivable, net | $0 |
| 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 | $1,598 |
| Net Land, buildings, and equipment | $436,032 |
| Investments—publicly traded securities | $17,233,808 |
| Investments—other securities | $6,766,018 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,075 |
| Total assets | $28,176,653 |
| Accounts payable and accrued expenses | $2,293 |
| Grants payable | $41,023 |
| 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 | $5,165 |
| Other liabilities | $32,091 |
| Total liabilities | $80,572 |
| Net assets without donor restrictions | $28,096,081 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $28,176,653 |
Grants Awarded
Over the last fiscal year, Waccamaw Community Foundation Inc has awarded $1,905,714 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
AMAZING GRACE - CLEMENTA PINCKNEY MEMORIAL FOUNDATION PURPOSE: NEIGHBORHOOD & COMMUNITY DEV. | $10,000 |
AMERICAN NATIONAL RED CROSS - EASTERN SOUTH CAROLINA CHAPTER PURPOSE: HEALTH | $25,000 |
BELIN MEMORIAL UNITED METHODIST CHURCH PURPOSE: RELIGION | $30,750 |
BEST FRIENDS ANIMAL SOCIETY PURPOSE: ENVIRONMENT | $100,000 |
BOYS AND GIRLS CLUB OF THE GRAND STRAND INC PURPOSE: EDUCATION | $7,500 |
BETHEL PARK UNITED METHODIST CHURCH PURPOSE: RELIGION | $7,500 |