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Nonprofiteer
← GREENWOOD HERITAGE FOUNDATION INC

Form 990 for tax year 2023

Filed by GREENWOOD HERITAGE FOUNDATION INC.

Totals

Total revenue
$391,324
Total expenses
$138,611
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$391,324
Other revenue
$0
Total assets, end of year
$5,486,792
Total liabilities, end of year
$2,634,418
Net assets or fund balances, end of year
$2,852,374
Program services expenses (Part IX)
$138,611
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$138,611

Program services were 100.0% 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.

  • 3 · Investment income

    total $120,191 · excluded $120,191

  • 7a · Gross sales of assets other than inventory

    securities $2,729,993

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

    securities $2,458,860

  • 7c · Gain or loss

    securities $271,133

  • 7d · Net gain or loss

    total $271,133 · excluded $271,133

Functional expenses

Part IX, the statement of functional expenses.

  • 21 · Payments to affiliates

    total $138,611 · program services $138,611

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $212,918 · end of year $274,116

  • 11 · Investments: publicly traded securities

    beginning of year $4,204,154 · end of year $4,806,899

  • 12 · Investments: other securities

    beginning of year $404,287 · end of year $405,777

  • 25 · Other liabilities

    beginning of year $1,809,520 · end of year $2,634,418

  • 27 · Net assets without donor restrictions

    beginning of year $2,590,436 · end of year $2,439,745

  • 28 · Net assets with donor restrictions

    beginning of year $421,403 · end of year $412,629

Mission and programs · 2023

Mission

TO RECEIVE, HOLD, MANAGE, INVEST OR ARRANGE FOR INVESTING, AND TO ACQUIRE BY GIFT, DEVISE, BEQUEST, PURCHASE, OR OTHERWISE AND USE PROPERTY OF ANY KIND AND FUNDS EXCLUSIVELY FOR THE BENEFIT OF WESLEY COMMONS, A SECTION 501(C)(3) ORGANIZATION, ITS PROGRAMS, MISSIONS, REAL PROPERTY, IMPROVEMENTS, BUILDINGS, FIXTURES, AND THE MAINTENANCE, PRESERVATION, AND IMPROVEMENT OF THE SAME.

Activities or mission (Part I)

TO SUPPORT THE CHARITABLE MISSION OF WESLEY COMMONS, A CONTINUING CARE RETIREMENT COMMUNITY, LOCATED IN GREENWOOD, SC.

  • EXPENSES INCURRED FOR THE BENEFIT OF WESLEY COMMONS, THE CHARITABLE ORGANIZATION SUPPORTED BY THE FOUNDATION.

    Expenses $138,611

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ms Bonnie M Ramage

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Ms Laurie Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Rev R Wayne Horne

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Jeffrey Childress

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

  • Mr David B Buckshorn

    PRESIDENT/CEO

    Total calculated
    $545,913
    From this org
    $0
    From related orgs
    $494,561
    Other
    $51,352
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $384,905 related
    Bonus
    $0 + $98,304 related
    Other
    $0 + $11,352 related
    Deferred
    $0 + $22,500 related
    Nontaxable benefits
    $0 + $28,852 related
    Filer's total
    $0 + $545,913 related

  • Ms Susan Cribbs

    CFO

    Total calculated
    $386,628
    From this org
    $0
    From related orgs
    $326,622
    Other
    $60,006
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,622 related
    Bonus
    $0 + $60,000 related
    Other
    $0
    Deferred
    $0 + $22,500 related
    Nontaxable benefits
    $0 + $37,506 related
    Filer's total
    $0 + $386,628 related

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

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
2023
Filed
2 May 2025
IRS schema version
2023v6.0
Source object
202501289349302690

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