Building Industry Charitable Foundation Inc
- Assets
- $970.3k
- Revenue
- $84.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 11/1993
- Data as of
- 12/2022
- EIN
- 57-0966151
Organization Overview
Building Industry Charitable Foundation Inc is located in Columbia, SC. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Industry Charitable 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, Building Industry Charitable Foundation Inc generated $84.6k 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 (16.1%) each year. All expenses for the organization totaled $107.2k during the year ending 12/2022. 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
ENHANCE THE IMAGE OF THE BUILDING INDUSTRY FOR ALL RESIDENTS OF THE COLUMBIA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BUILDING INDUSTRY CHARITABLE FOUNDATION AWARDS STUDENT SCHOLARSHIPS TO CHILDREN OF THOSE FAMILIES IN THE HOUSING INDUSTRY. THE FOUNDATION, IN ITS WORK, HIGHLIGHTS THE COMMITMENT AND GENEROSITY OF THE BUILDING INDUSTRY TO A BETTER QUALITY OF LIFE FOR ALL RESIDENTS OF THE MIDLANDS OF SOUTH CAROLINA. SCHOLARSHIPS INCLUDE THE ERNIE MAGARO SCHOLARSHIP, THE JOHN B. NIERI SCHOLARSHIP, THE JON RYALL SCHOLARSHIP, THE SALES & MARKETING COUNCIL SCHOLARSHIP, THE BUILDING INDUSTRY SCHOLARSHIP, THE PALMETTO PLACE SCHOLARSHIP AND THE FRANKLIN DAVID CLARK 'THE DASH' SCHOLARSHIP.
DONATIONS TO OTHER ORGANIZATIONS, INCLUDING THE SOUTH CAROLINA NATIONAL GUARD FOUNDATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Byrd Trustee | Trustee | 1 | $0 |
Amy Caskey Trustee | Trustee | 1 | $0 |
David Clark President | OfficerTrustee | 5 | $0 |
John Covert Trustee | Trustee | 1 | $0 |
Jimmy Derrick Trustee | Trustee | 1 | $0 |
Jennifer Harding Trustee | 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 | $63,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,760 |
| Total Program Service Revenue | $0 |
| Investment income | $17,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,906 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,687 |
| Grants and other assistance to domestic individuals. | $68,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $5,358 |
| 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 | $16,601 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $35 |
| Total functional expenses | $107,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,510 |
| Savings and temporary cash investments | $133,792 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $719,993 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $970,295 |
| 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 | $970,295 |
| 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 | $970,295 |