Community Foundation Of The Lowcountry Inc
- Assets
- $75.4m
- Revenue
- $27.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Hilton Head Island, SC
- Founding
- 03/1984
- Data as of
- 06/2022
- EIN
- 57-0756987
Organization Overview
Community Foundation Of The Lowcountry Inc is located in Hilton Head Island, SC. The organization was established in 1984. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Community Foundation Of The Lowcountry Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of The Lowcountry 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 06/2022, Community Foundation Of The Lowcountry Inc generated $27.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $12.1m during the year ending 06/2022. While expenses have increased by 9.1% per year over the past 7 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 2015, Community Foundation Of The Lowcountry Inc has awarded 875 individual grants totaling $34,886,440. 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 COMMUNITY FOUNDATION'S MISSION IS STRENGTHENING COMMUNITY BY CONNECTING PEOPLE, RESOURCES, AND NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY FOUNDATION OF THE LOWCOUNTRY MADE MANY GRANTS TO NONPROFIT ORGANIZATIONS; THE MAJORITY OF THESE ORGANIZATIONS SERVE TO ENHANCE THE QUALITY OF LIFE FOR CITIZENS IN THE SOUTH CAROLINA LOWCOUNTRY. COMMUNITY FOUNDATION OF THE LOWCOUNTRY PROVIDES COMMUNITY LEADERSHIP THROUGH PROVIDING INFORMATION, ORGANIZATION DEVELOPMENT, NETWORKING, AND CONVENINGS IN SUPPORT OF THE NONPROFIT SECTOR IN ITS REGION.
COMMUNITY FOUNDATION OF THE LOWCOUNTRY PAID SALARIES TO MAINTAIN THE FUNCTIONS OF THE FOUNDATION AS STATED IN THE MISSION STATEMENT.
COMMUNITY FOUNDATION OF THE LOWCOUNTRY'S FUND ADMINISTRATIVE FEES AND OFFICE EXPENSES ARE USED TO MAINTAIN CURRENT FUNDS AND FURTHER THE PROCESS OF EVALUATING AND AWARDING GRANT MONEY TO DESERVING CHARITIES.
THE FOUNDATION'S ADDITIONAL PROGRAM EXPENSES AID THE FOUNDATION IN ALIGNING THEIR FUNCTIONS WITH THE MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Rosswurm Chair | OfficerTrustee | 2 | $0 |
Sheila Mahony Vice Chair | OfficerTrustee | 2 | $0 |
Paul Moeri Treasurer | OfficerTrustee | 2 | $0 |
Linda Fiore Secretary | OfficerTrustee | 2 | $0 |
Sandy Benson Board Member | Trustee | 2 | $0 |
Geoff Block Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $92,402 |
| Fundraising events | $13,213 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,068,878 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,174,493 |
| Total Program Service Revenue | $1,373,220 |
| Investment income | $2,247,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,266 |
| Net Gain/Loss on Asset Sales | -$1,000 |
| Net Income from Fundraising Events | -$59,353 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,760,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,295,489 |
| Grants and other assistance to domestic individuals. | $643,959 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $364,408 |
| Compensation of current officers, directors, key employees. | $147,838 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $533,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $138,448 |
| Payroll taxes | $67,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,410 |
| Fees for services: Accounting | $30,956 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $148,012 |
| Fees for services: Other | $350,223 |
| Advertising and promotion | $83,381 |
| Office expenses | $184,348 |
| Information technology | $21,129 |
| Royalties | $0 |
| Occupancy | $8,357 |
| Travel | $5,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,586 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,619 |
| Insurance | $31,168 |
| All other expenses | $28,526 |
| Total functional expenses | $12,116,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,837,567 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $140,000 |
| 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 | $37,924 |
| Net Land, buildings, and equipment | $249,055 |
| Investments—publicly traded securities | $72,085,368 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,289 |
| Total assets | $75,355,203 |
| Accounts payable and accrued expenses | $139,541 |
| Grants payable | $132,450 |
| 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 | $4,356,243 |
| Total liabilities | $4,628,234 |
| Net assets without donor restrictions | $70,586,969 |
| Net assets with donor restrictions | $140,000 |
| 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 | $75,355,203 |
Grants Awarded
Over the last fiscal year, Community Foundation Of The Lowcountry Inc has awarded $6,414,260 in support to 134 organizations.
| Grant Recipient | Amount |
|---|---|
A CALL TO ACTION PURPOSE: A CALL TO ACTION | $7,070 |
AGAPE FAMILY LIFE CENTER INC PURPOSE: OPPORTUNITY GRANT 2022: FINANCIAL WELLNESS | $10,000 |
AGAWAM COUNCIL PURPOSE: CAPITAL FUND DRIVE | $50,000 |
ALL SAINTS EPISCOPAL CHURCH PURPOSE: GENERAL OPERATING SUPPORT | $6,000 |
ALL ABOUT CATS PURPOSE: GENERAL SUPPORT | $15,174 |
ALLIANCE DEFENDING FREEDOM PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |