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Nonprofiteer
← WACCAMAW COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by WACCAMAW COMMUNITY FOUNDATION INC.

Totals

Total revenue
$5,536,720
Total expenses
$3,419,229
Contributions and grants received
$4,056,274
Grants paid
$2,430,495
Program service revenue
$407,472
Investment income
$1,072,974
Other revenue
$0
Total assets, end of year
$28,176,653
Total liabilities, end of year
$80,572
Net assets or fund balances, end of year
$28,096,081
Program services expenses (Part IX)
$2,677,945
Management and general expenses
$580,414
Fundraising expenses
$160,870
Program service expenses (Part III)
$2,677,945

Program services were 78.3% 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.

  • 1f · All other contributions, gifts and grants

    $4,056,274

  • 1g · Noncash contributions included above

    $248,792

  • 2a · Program service revenue: MANAGEMENT FEES

    total $407,472 · related or exempt $407,472

  • 3 · Investment income

    total $636,885 · excluded $636,885

  • 7a · Gross sales of assets other than inventory

    securities $22,735,349

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

    securities $22,299,260

  • 7c · Gain or loss

    securities $436,089

  • 7d · Net gain or loss

    total $436,089 · excluded $436,089

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,214,913 · program services $2,214,913

  • 2 · Grants to domestic individuals

    total $215,582 · program services $215,582

  • 7 · Other salaries and wages

    total $243,888 · program services $143,254 · management and general $26,627 · fundraising $74,007

  • 8 · Pension plan contributions

    total $9,520 · program services $5,592 · management and general $1,039 · fundraising $2,889

  • 9 · Other employee benefits

    total $44,656 · program services $26,230 · management and general $4,875 · fundraising $13,551

  • 10 · Payroll taxes

    total $17,592 · program services $10,333 · management and general $1,921 · fundraising $5,338

  • 11f · Fees: investment management

    total $21,834 · management and general $21,834

  • 11g · Fees: other

    total $44,735 · management and general $44,735

  • 12 · Advertising and promotion

    total $1,183 · fundraising $1,183

  • 13 · Office expenses

    total $6,384 · program services $3,750 · management and general $697 · fundraising $1,937

  • 14 · Information technology

    total $874 · program services $514 · management and general $95 · fundraising $265

  • 16 · Occupancy

    total $18,294 · program services $5,740 · management and general $9,589 · fundraising $2,965

  • 17 · Travel

    total $2,443 · program services $1,435 · management and general $267 · fundraising $741

  • 19 · Conferences, conventions and meetings

    total $6,314 · program services $3,709 · management and general $689 · fundraising $1,916

  • 21 · Payments to affiliates

    total $100,058 · management and general $50,029 · fundraising $50,029

  • 22 · Depreciation, depletion and amortization

    total $12,968 · program services $7,617 · management and general $1,416 · fundraising $3,935

  • 23 · Insurance

    total $2,502 · management and general $2,502

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $413,347 · management and general $413,347

  • 24b · Other expenses: SPONSORSHIPS

    total $33,250 · program services $33,250

  • 24c · Other expenses: MEETINGS & EVENTS

    total $5,200 · program services $3,052 · management and general $569 · fundraising $1,579

  • 24d · Other expenses: MISCELLANEOUS

    total $1,938 · program services $1,938

  • 24e · All other expenses

    total $1,754 · program services $1,036 · management and general $183 · fundraising $535

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,034,143 · end of year $1,239,131

  • 2 · Savings and temporary cash investments

    beginning of year $2,356,344 · end of year $2,407,731

  • 3 · Pledges and grants receivable

    beginning of year $53,831 · end of year $82,260

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,318 · end of year $1,598

  • 10a · Land, buildings and equipment: cost or other basis

    $525,206

  • 10b · Land, buildings and equipment: accumulated depreciation

    $89,174

  • 10c · Land, buildings and equipment, net

    beginning of year $447,348 · end of year $436,032

  • 11 · Investments: publicly traded securities

    beginning of year $18,514,670 · end of year $17,233,808

  • 12 · Investments: other securities

    beginning of year $7,727,004 · end of year $6,766,018

  • 15 · Other assets

    beginning of year $4,000 · end of year $10,075

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,207 · end of year $2,293

  • 18 · Grants payable

    beginning of year $49,250 · end of year $41,023

  • 24 · Unsecured notes and loans payable

    beginning of year $7,112 · end of year $5,165

  • 25 · Other liabilities

    beginning of year $46,061 · end of year $32,091

  • 27 · Net assets without donor restrictions

    beginning of year $29,908,122 · end of year $28,096,081

  • 28 · Net assets with donor restrictions

    beginning of year $66,906 · end of year $0

Mission and programs · 2022

Mission

THE FOUNDATION IS COMMITTED TO PROVIDING THE HIGHEST LEVEL OF SERVICES TO DONORS, GRANT RECIPIENTS AND THE COMMUNITY; THUS, FURTHERING ITS MISSION OF IMPROVING THE QUALITY OF LIFE IN HORRY AND GEORGETOWN COUNTIES.

Activities or mission (Part I)

WACCAMAW COMMUNITY FOUNDATION BUILDS SUSTAINABLE PHILANTHROPY BY CONNECTING DONORS WITH CAUSES THEY CARE ABOUT TO STRENGTHEN OUR COMMUNITIES.

  • GRANTMAKING - OUR GRANTMAKING SPANS THE COMMUNITY'S BROADEST AREAS, FROM ARTS AND CULTURE TO COMMUNITY DEVELOPMENT, AND PROVIDES CRITICAL OPERATIONAL AND PROGRAMMATIC SUPPORT FOR THE NETWORK OF NONPROFIT ACTIVITIES IN OUR 2-COUNTY SERVICE AREA AND BEYOND.IN 2022, THE WACCAMAW COMMUNITY FOUNDATION DISPERSED 373 GRANTS AND SCHOLARSHIPS TOTALING $2,430,495. THESE GRANTS WERE DISTRIBUTED AS FOLLOWS: 94 GRANTS TOTALING $457,807 SUPPORTING VARIOUS EDUCATIONAL PURSUITS, 31 GRANTS TOTALING $140,648 SUPPORTING NEIGHBORHOOD & COMMUNITY DEVELOPMENT, 80 GRANTS TOTALING $458,437 SUPPORTING HUMAN NEEDS, 19 GRANTS TOTALING $642,111 SUPPORTING ENVIRONMENTAL EFFORTS, 50 GRANTS TOTALING $126,512 SUPPORTING HEALTH INITIATIVES, AND 73 GRANTS TOTALING $380,751 IN SUPPORT OF RELIGIOUS ORGANIZATIONS, 23 GRANTS TOTALING $201,959 IN SUPPORT OF THE ARTS, 2 GRANTS TOTALING $21,497 FOR OTHER PHILANTHROPIC EFFORTS AND 1 GRANT FOR $773 FOR SOCIAL JUSTICE EFFORTS.

    Expenses $2,677,945 · Grants $2,430,495 · Revenue $407,472

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tracy Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tyler Easterling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Hanna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rick Elliot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terri Decenzo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phillip Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brent D Groome

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jane Litz

    CFO

    Total calculated
    $215,800
    From this org
    $0
    From related orgs
    $189,508
    Other
    $26,292
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,508 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,111 related
    Nontaxable benefits
    $0 + $17,181 related
    Filer's total
    $0 + $215,800 related

  • Michael Mancuso

    EXECUTIVE DIRECTOR

    Total calculated
    $128,119
    From this org
    $0
    From related orgs
    $105,864
    Other
    $22,255
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WCF LAND TRUST LLC

    CONSERVATION EASEMENT · SC · income $0 · assets $0

    Directly controlled by WACCAMAW COMMUNITY FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2023
IRS schema version
2022v5.0
Source object
202341359349301509

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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