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Nonprofiteer
← LOWCOUNTRY FOOD BANK FOUNDATION

Form 990 for tax year 2024

Filed by LOWCOUNTRY FOOD BANK FOUNDATION.

Totals

Total revenue
$540,466
Total expenses
$75,913
Contributions and grants received
$459,598
Grants paid
$38,006
Program service revenue
$0
Investment income
$80,868
Other revenue
$0
Total assets, end of year
$2,398,794
Total liabilities, end of year
$2,036
Net assets or fund balances, end of year
$2,396,758
Program services expenses (Part IX)
$54,193
Management and general expenses
$21,720
Fundraising expenses
$0
Program service expenses (Part III)
$54,193

Program services were 71.4% 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

    $459,598

  • 1g · Noncash contributions included above

    $207,328

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $44,990 · excluded $44,990

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,420,753

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

    securities $1,384,875

  • 7c · Gain or loss

    securities $35,878 · other assets $0

  • 7d · Net gain or loss

    total $35,878 · excluded $35,878

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $38,006 · program services $38,006

  • 11b · Fees: legal

    total $52 · management and general $52

  • 11c · Fees: accounting

    total $2,400 · program services $1,200 · management and general $1,200

  • 11f · Fees: investment management

    total $15,519 · management and general $15,519

  • 11g · Fees: other

    total $345 · program services $0 · management and general $345 · fundraising $0

  • 12 · Advertising and promotion

    total $2,025 · management and general $2,025

  • 13 · Office expenses

    total $1,337 · program services $669 · management and general $668

  • 14 · Information technology

    total $11,707 · program services $11,707

  • 17 · Travel

    total $947 · program services $474 · management and general $473

  • 19 · Conferences, conventions and meetings

    total $2,877 · program services $1,439 · management and general $1,438

  • 23 · Insurance

    total $698 · program services $698

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $82,579 · end of year $103,075

  • 4 · Accounts receivable

    beginning of year $822

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,699,079 · end of year $2,295,719

  • 17 · Accounts payable and accrued expenses

    beginning of year $504 · end of year $2,036

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,781,976 · end of year $2,396,758

Mission and programs · 2024

Mission

THE MISSION OF THE LOWCOUNTRY FOOD BANK ENDOWMENT FUND IS TO SUPPORT THE LOWCOUNTRY FOOD BANK.

  • During 2024 the Organization distributed $38,006 to support the Lowcountry Food Bank. The Organization works directly with the Food Bank to discuss needs and evaluate available funding.

    Expenses $54,193 · Grants $38,006

As filed on the 2024 return.

Listed in Part VII

  • Dr Robert Kahle

    CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • Erika Harrison

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Walker

    Director/Chair Emeritus

    Total calculated
    $0
    Hours/week
    6

  • Steve Swanson

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Thomas Jeffries

    Director/Former Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Tyler Condon

    Vice Chair/Director

    Total calculated
    $0
    Hours/week
    2

  • Aaron Brewer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Hubacher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Tobin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Henry Tisdale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Crocker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Smth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Milton Irvin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Turquoi Dorsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

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
2024
Filed
4 August 2025
IRS schema version
2024v5.1
Source object
202502169349300425

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