Sea Pines Forest Preserve Foundation
- Assets
- $879.4k
- Revenue
- $220.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Hilton Head Island, SC
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 57-0985915
Organization Overview
Sea Pines Forest Preserve Foundation is located in Hilton Head Island, SC. The organization was established in 1994. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sea Pines Forest Preserve 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, Sea Pines Forest Preserve Foundation generated $220.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $212.1k during the year ending 12/2022. While expenses have increased by 9.1% 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
APPROXIMATELY 40,000 PERSONS VISIT THE SEA PINES FOREST PRESERVE ON AN ANNUAL BASIS. THESE VISITORS TAKE SELF-GUIDED TOURS OF THE PRESERVE. APPROXIMATELY 40 DIFFERENT GROUPS AND ORGANIZATIONS HOLD EDUCATIONAL AND ENVIRONMENTAL FUNCTIONS IN THE PRESERVE USING THE FACILITIES PROVIDED BY THE FOUNDATION. THE FOUNDATION PROVIDES MAINTENANCE AND HABITAT IMPROVEMENTS TO THE SEA PINES PRESERVE WHICH ARE FUNDED BY DONATIONS RECEIVED FROM VISITORS AND RESIDENTS OF SEA PINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES MAINTENANCE AND UPGRADES TO THE SEA PINES FOREST PRESERVE FUNDED BY DONATIONS RECEIVED FROM VISITORS AND RESIDENTS OF SEA PINES. THE FOUNDATION IS OVER 600 ACRES IN SIZE AND IS THE LARGEST TRACT OF UNDEVELOPED LAND REMAINING ON HILTON HEAD ISLAND. THE FOUNDATION ALSO OPERATES A WILDLIFE REFUGE FOR THE PURPOSE OF PERMANENTLY PROVIDING A NATURAL HABITAT FOR INDIGENOUS PLANTS AND ANIMALS AND TO PROVIDE EDUCATIONAL PROGRAMS TO ACQUAINT GUESTS WITH THE NATURAL BEAUTY OF THE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Sigmon At-Large | Trustee | 1 | $0 |
Larry Movshin Chairman | OfficerTrustee | 1 | $0 |
James Kaskie Vice Chairman | OfficerTrustee | 1 | $0 |
Cary Corbitt Secretary | OfficerTrustee | 1 | $0 |
David Borghesi Treasurer | OfficerTrustee | 2 | $0 |
Charles Bennett President-Csa | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $120 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $138,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,761 |
| Total Program Service Revenue | $23,329 |
| Investment income | $8,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $46,158 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,469 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $220,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,606 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,219 |
| Payroll taxes | $2,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $375 |
| 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 | $2,220 |
| Advertising and promotion | $0 |
| Office expenses | $8,488 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,082 |
| 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 | $19,215 |
| Insurance | $708 |
| All other expenses | $4,052 |
| Total functional expenses | $212,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,972 |
| Savings and temporary cash investments | $400,111 |
| 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 | $226,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,575 |
| Total assets | $879,447 |
| Accounts payable and accrued expenses | $27,275 |
| 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 | $27,275 |
| Net assets without donor restrictions | $0 |
| 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 | $852,172 |
| Total liabilities and net assets/fund balances | $879,447 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fernbank Inc Atlanta, GA | $44,468,490 | $13,747,944 |
North Carolina Museum Of Life & Science Durham, NC | $22,539,686 | $15,316,951 |
Natural Science Center Of Greensboro Inc Greensboro, NC | $28,796,405 | $11,429,631 |
Schiele Museum Of Natural History And Planetarium Inc Gastonia, NC | $3,888,413 | $1,742,011 |
Asheville Museum Of Science Asheville, NC | $2,387,264 | $935,783 |
Aurora Fossil Museum Foundation Inc Aurora, NC | $745,417 | $736,131 |
Sea Pines Forest Preserve Foundation Hilton Head Island, SC | $879,447 | $220,555 |
Savannah Science Museum Inc Savannah, GA | $545,494 | $346,538 |
North Carolina Rice Festival Inc Leland, NC | $44,426 | $0 |
Black Creek Wildlife Center Hartsville, SC | $40,454 | $0 |