Saluda Shoals Foundation
- Assets
- $324.5k
- Revenue
- $262.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 11/1995
- Data as of
- 06/2020
- EIN
- 57-1027247
Organization Overview
Saluda Shoals Foundation is located in Columbia, SC. The organization was established in 1995. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saluda Shoals 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 06/2020, Saluda Shoals Foundation generated $262.2k 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 (7.0%) each year. All expenses for the organization totaled $158.6k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SALUDA SHOALS FOUNDATION IS A NONPROFIT 501(C)(3) ORGANIZATION WHICH SERVES AS AN ADVOCATE FOR THE PRESERVATION AND SUSTAINABILITY OF SALUDA SHOALS PARK THROUGH FINANCIAL SUPPORT, FOSTERING PARTNERSHIPS, SUPPORTING PROGRAMS AND CREATING COMMUNITY AWARENESS OF THE PARK'S EXCEPTIONAL OUTDOOR RECREATIONAL ACTIVITES, ENVIRONMENTAL EDUCATION AND CULTURAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SALUDA SHOALS FOUNDATION IS A NONPROFIT 501(C)(3) ORGANIZATION WHICH SERVES AS AN ADVOCATE FOR THE PRESERVATION AND SUSTAINABILITY OF SALUDA SHOALS PARK THROUGH FINANCIAL SUPPORT, FOSTERING PARTNERSHIPS, SUPPORTING PROGRAMS AND CREATING COMMUNITY AWARENESS OF THE PARK'S EXCEPTIONAL OUTDOOR RECREATIONAL ACTIVITES, ENVIRONMENTAL EDUCATION AND CULTURAL OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dolly Patton Executive Di | OfficerTrustee | 40 | $0 |
Michael Cromer Chair | OfficerTrustee | 1 | $0 |
Larry Jones Development | OfficerTrustee | 1 | $0 |
Sharon Mann Secretary Tr | OfficerTrustee | 1 | $0 |
Janice Ayers Vice Chair | OfficerTrustee | 1 | $0 |
Brad Everhart Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,030 |
| Investment income | $4,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,211 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,418 |
| Office expenses | $1,574 |
| 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 | $0 |
| Total functional expenses | $158,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,577 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $62,250 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,712 |
| Total assets | $324,539 |
| Accounts payable and accrued expenses | $62,250 |
| Grants payable | $0 |
| Deferred revenue | $5,750 |
| 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 | $68,000 |
| 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 |
| Total liabilities and net assets/fund balances | $256,539 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Saluda Shoals Foundation has recieved totaling $15,050.
| Awarding Organization | Amount |
|---|---|
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: SALUDA SHOALS VIRTUAL EDUCATION PROGRAM & HOLIDAY LIGHTS ON THE RIVER EVENTS | $10,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: LEO'S LANDING | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leroy Springs & Company Inc Fort Mill, SC | $107,281,566 | $26,136,313 |
Triangle Aquatic Center Cary, NC | $23,604,525 | $5,716,572 |
Hilton Head Island Recreation Association Hilton Head Island, SC | $3,802,830 | $3,781,142 |
Newtown Recreation Inc Alpharetta, GA | $134,249 | $1,016,888 |
Georgia Recreation And Park Association Inc Conyers, GA | $880,188 | $570,815 |
Zap Fitness Foundation Inc Blowing Rock, NC | $293,616 | $620,948 |
Standing Boy Inc Columbus, GA | $152,043 | $525,287 |
South Carolina Recreation & Park Assn Lexington, SC | $477,206 | $427,370 |
Catalyst Sports Inc Atlanta, GA | $145,521 | $371,257 |
Southern Shores Civic Association Inc Southern Shores, NC | $879,382 | $290,968 |
Friends Of The Thread Trail Lagrange Ga Inc Lagrange, GA | $787,964 | $275,055 |
North Carolina Community Sailing Huntersville, NC | $292,445 | $245,757 |