The South Carolina National Guard Foundation
- Assets
- $1.0m
- Revenue
- $171.9k
- Investments
- $0.0
- Employees
- 24
- Location
- Columbia, SC
- Founding
- 01/1989
- Data as of
- 12/2022
- EIN
- 57-0878323
Organization Overview
The South Carolina National Guard Foundation is located in Columbia, SC. The organization was established in 1989. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, South Carolina National Guard Foundation employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina National Guard Foundation 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, South Carolina National Guard Foundation generated $171.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $329.3k during the year ending 12/2022. While expenses have increased by 14.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SCHOLARSHIPS FOR GUARD MEMBERS AND THEIR FAMILIES, PROVIDE EMERGENCY FINANCIAL ASSISTANCE TO CURRENT SC NATIONAL GUARD MEMBERS AND THEIR DEPENDENTS, PROVIDE ASSISTANCE TO SC MILITARY DEPARTMENT TO SUPPORT MORALE, PROVIDE PROTECTIVE EQUIPMENT, ENHANCE TRAINING AND SUPPORT OPERATIONS, ORGANIZE OR SPONSOR PROGRAMS AND EVENTS TO SUPPORT MILITARY PERSONNEL AND THEIR FAMILIES BY HONORING UNITS AND MEMBERS OF THE SCNG, AND MAKE DONATIONS TO RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SCHOLARSHIPS FOR QUALIFYING MEMBERS OF NATIONAL GUARD FAMILIES OR NATIONAL GUARD PERSONNEL
GOLD STAR FAMILY DAY, OUTREACH CHRISTMAS, OTHER SUPPORT PROJECTS
CELEBRATION OF FREEDOM
OUTREACH CHRISTMAS LUNCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brigadier General Thad Myerse Director | Trustee | 0 | $0 |
Brigadier General Jim Chow Director | Trustee | 0 | $0 |
Mr Jeff Jones Director | Trustee | 0 | $0 |
Mr Butch Bowers Director | Trustee | 0 | $0 |
Mr Peter Fawcett Director | Trustee | 0 | $0 |
Mr Tom Mullikin Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,700 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,533 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,233 |
| Total Program Service Revenue | $0 |
| Investment income | $34,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $63,485 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $171,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $53,500 |
| 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 | $42,595 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,329 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $18,225 |
| Total functional expenses | $329,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,730 |
| Savings and temporary cash investments | $25 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,500 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $867,106 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,025,361 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,025,361 |
| 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 | $1,025,361 |