Charleston Scientific & Cultural Educational Fund
- Assets
- $416.9k
- Revenue
- $34.3k
- Investments
- $406.8k
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 04/1955
- Data as of
- 12/2023
- EIN
- 57-6019987
Organization Overview
Charleston Scientific & Cultural Educational Fund is located in Charleston, SC. The organization was established in 1955. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. Charleston Scientific & Cultural Educational Fund 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 12/2023, Charleston Scientific & Cultural Educational Fund generated $34.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $19.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Charleston Scientific & Cultural Educational Fund has awarded 34 individual grants totaling $113,035. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh C Lane Jr Director | 0 | $0 | |
Jeremy L Cook Secretary | 0 | $0 | |
Barbara S Williams Director | 0 | $0 | |
Joseph P Riley Jr Director | 0 | $0 | |
Joseph Gerald Reves MD Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,376 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,908 |
| Capital Gain Net Income | $22,908 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,284 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,304 |
| Total operating and administrative expenses | $3,504 |
| Contributions, gifts, grants paid | $15,665 |
| Total expenses and disbursements | $19,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$4 |
| Savings and temporary cash investments | $10,096 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $416,862 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Charleston Scientific & Cultural Educational Fund has awarded $15,665 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ERICKA PROKOP PURPOSE: TUITION & EDUCATION ASSISTANCE | $402 |
ZARI O'CONNOR PURPOSE: TUITION & EDUCATION ASSISTANCE | $3,000 |
ANNA GOSS PURPOSE: TUITION & EDUCATION ASSISTANCE | $3,000 |
MARY PRICKETT PURPOSE: TUITION & EDUCATIONAL ASSISTANCE | $3,000 |
JESSI SHIREY PURPOSE: TUITION AND EDUCATION ASSISTANCE | $3,000 |
REBECCA FANNING PURPOSE: EDUCATIONAL ASSISTANCE | $263 |