Washington Light Infantry Of Charleston S C
- Assets
- $6.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Charleston, SC
- Founding
- 03/1964
- Data as of
- 02/2024
- EIN
- 57-0321186
Organization Overview
Washington Light Infantry Of Charleston S C is located in Charleston, SC. The organization was established in 1964. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 02/2024, Washington Light Infantry Of Charleston S C employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Light Infantry Of Charleston S C is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 02/2024, Washington Light Infantry Of Charleston S C generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 33.7% each year . All expenses for the organization totaled $291.8k during the year ending 02/2024. While expenses have increased by 5.6% per year over the past 9 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 2017, Washington Light Infantry Of Charleston S C has awarded 21 individual grants totaling $178,750. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE WASHINGTON LIGHT INFANTRY IS TO PRESERVE THE HISTORY OF THE PATRIOTS OF THE US MILITARY SERVICES AND STATE OF SC
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WLI AWARDS ACADEMIC SCHOLARSHIPS TO THE CITADEL AND THE AMERICAN COLLEGE OF BUILDING ARTS. THE CITADEL'S FINANCIAL AID OFFICE DETERMINES THE RECIPIENTS OF THE SCHOLARSHIPS AWARDED TO THE CITADEL. THE AMERICAN COLLEGE OF BUILDING ARTS DETERMINES THE RECIPIENTS OF THE AWARD MADE TO THAT SCHOOL. THE WLI ALSO MAKES CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS AFTER APPROVAL BY THE BOARD OF OFFICERS UPON RECOMMENDATION BY THE CHARITY COMMITTEE. ADDITIONAL GRANTS MAY BE AWARDED TO WIDOWS OF FORMER WLI MEMBERS, CHILDREN OR GRANDCHILDREN OF WLI MEMBERS ENROLLED IN COLLEGE AFTER APPROVAL BY BOARD OF OFFICERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Col Dale Theiling Commander | OfficerTrustee | 15 | $0 |
Ltcol J W Powell Jr Secretary | OfficerTrustee | 5 | $0 |
Bg Marion C Valentino Treasurer | OfficerTrustee | 10 | $0 |
Col Carl B Beckman Jr Chairman | OfficerTrustee | 10 | $0 |
Ltc Rick B Archambault Board Member | Trustee | 5 | $0 |
Col Myron C Harrington Board Member | OfficerTrustee | 5 | $13,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,000 |
| Total Program Service Revenue | $0 |
| Investment income | $239,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $109,200 |
| Net Gain/Loss on Asset Sales | $2,555,644 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,976,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,385 |
| 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. | $21,015 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,650 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,656 |
| Office expenses | $10,036 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,600 |
| Travel | $4,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $87,997 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,576 |
| Insurance | $49,561 |
| All other expenses | $3,188 |
| Total functional expenses | $291,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,967 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $2,318 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $597,773 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,334,194 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,147,252 |
| 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 | $997 |
| Total liabilities | $997 |
| Net assets without donor restrictions | $6,146,255 |
| 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 | $6,147,252 |
Grants Awarded
Over the last fiscal year, Washington Light Infantry Of Charleston S C has awarded $26,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE CITADEL PURPOSE: ACADEMIC SCHOLARSHIPS | $24,000 |
AMER COLLEGE OF BLDG ARTS PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,000 |