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Nonprofiteer
← EXCHANGE CLUB OF CHARLESTON FOUNDATION INC

Form 990 for tax year 2022

Filed by EXCHANGE CLUB OF CHARLESTON FOUNDATION INC.

Totals

Total revenue
$51,888
Total expenses
$11,547
Contributions and grants received
$35,459
Grants paid
$0
Program service revenue
$0
Investment income
$16,429
Other revenue
$0
Total assets, end of year
$937,936
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$937,936
Program services expenses (Part IX)
$0
Management and general expenses
$10,578
Fundraising expenses
$969
Program service expenses (Part III)
$0

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $35,459

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $21,024 · related or exempt $21,024 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $220,347 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $224,942 · other assets $0

  • 7c · Gain or loss

    securities -$4,595 · other assets $0

  • 7d · Net gain or loss

    total -$4,595 · related or exempt -$4,595 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $9,780 · management and general $9,780

  • 23 · Insurance

    total $798 · management and general $798

  • 24a · Other expenses: Miscellaneous Expenses Related to Pins & Plaques

    total $969 · program services $0 · management and general $0 · fundraising $969

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,205 · end of year $4,902

  • 2 · Savings and temporary cash investments

    beginning of year $43,398 · end of year $33,664

  • 3 · Pledges and grants receivable

    beginning of year $1,500 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $770,783 · end of year $899,370

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $824,886 · end of year $937,936

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

To provide funds to legitimate charitable causes for the betterment and improvement of the communities and people located primarily in the counties of Charleston, Dorchester, Colleton, and Berkeley, South Carolina.

Activities or mission (Part I)

To provide funds to legitimate charitable causes for the betterment and improvement of the communities and people located in the counties of Charleston, Dorchester, Colleton, and Berkeley, South Carolina.

  • None

As filed on the 2022 return.

Listed in Part VII

  • William Robinson

    President

    Total calculated
    $0
    Hours/week
    2

  • Brandon Cole

    Vice President/Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Frederick Whittle

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Michael Jernigan

    Immediate Past President

    Total calculated
    $0
    Hours/week
    2

  • Vic Apat

    Director

    Total calculated
    $0
    Hours/week
    2

  • Stender Bergmann

    Director

    Total calculated
    $0
    Hours/week
    2

  • Steve Berlin

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ronald Buske

    Director

    Total calculated
    $0
    Hours/week
    2

  • Donnie Pitts

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jeremy Tate

    Director

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
3 October 2023
IRS schema version
2022v5.0
Source object
202302839349301640

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