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Nonprofiteer
← LIBERTY FELLOWSHIP OF SOUTH CAROLINA

Form 990 for tax year 2023

Filed by LIBERTY FELLOWSHIP OF SOUTH CAROLINA.

Totals

Total revenue
$1,023,231
Total expenses
$1,076,109
Contributions and grants received
$934,011
Grants paid
$0
Program service revenue
$6,375
Investment income
$81,120
Other revenue
$1,725
Total assets, end of year
$1,955,062
Total liabilities, end of year
$48,762
Net assets or fund balances, end of year
$1,906,300
Program services expenses (Part IX)
$772,122
Management and general expenses
$115,153
Fundraising expenses
$188,834
Program service expenses (Part III)
$772,122

Program services were 71.8% 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

    $934,011

  • 1g · Noncash contributions included above

    $1,470

  • 2a · Program service revenue: REGISTRATION INCOME

    total $6,375 · related or exempt $6,375

  • 3 · Investment income

    total $81,120 · excluded $81,120

  • 11a · Other revenue: OTHER INCOME

    total $1,725 · excluded $1,725

  • 11e · Other revenue, total

    $1,725

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $423,673 · program services $269,446 · management and general $58,478 · fundraising $95,749

  • 8 · Pension plan contributions

    total $11,848 · program services $7,436 · management and general $1,755 · fundraising $2,657

  • 9 · Other employee benefits

    total $36,037 · program services $21,721 · management and general $5,976 · fundraising $8,340

  • 10 · Payroll taxes

    total $31,260 · program services $19,881 · management and general $4,301 · fundraising $7,078

  • 11b · Fees: legal

    total $498 · program services $52 · management and general $446

  • 11c · Fees: accounting

    total $43,452 · program services $26,930 · management and general $6,009 · fundraising $10,513

  • 11g · Fees: other

    total $103,738 · program services $50,082 · management and general $6,583 · fundraising $47,073

  • 12 · Advertising and promotion

    total $3,294 · program services $3,294

  • 13 · Office expenses

    total $24,762 · program services $9,359 · management and general $8,890 · fundraising $6,513

  • 14 · Information technology

    total $9,605 · program services $5,953 · management and general $1,328 · fundraising $2,324

  • 16 · Occupancy

    total $11,981 · program services $8,719 · management and general $1,118 · fundraising $2,144

  • 17 · Travel

    total $111,090 · program services $106,935 · management and general $2,945 · fundraising $1,210

  • 19 · Conferences, conventions and meetings

    total $151,824 · program services $132,593 · management and general $16,178 · fundraising $3,053

  • 23 · Insurance

    total $8,751 · program services $5,425 · management and general $1,146 · fundraising $2,180

  • 24a · Other expenses: VIDEOGRAPHY

    total $51,790 · program services $51,790

  • 24b · Other expenses: COMMUNICATIONS

    total $33,000 · program services $33,000

  • 24c · Other expenses: GRAPHIC DESIGN & CONSULT

    total $9,600 · program services $9,600

  • 24d · Other expenses: PHOTOGRAPHY

    total $7,100 · program services $7,100

  • 24e · All other expenses

    total $2,806 · program services $2,806

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100,000 · end of year $100,000

  • 2 · Savings and temporary cash investments

    beginning of year $1,859,178 · end of year $1,789,401

  • 3 · Pledges and grants receivable

    end of year $22,199

  • 9 · Prepaid expenses and deferred charges

    end of year $43,462

  • 17 · Accounts payable and accrued expenses

    end of year $48,762

  • 27 · Net assets without donor restrictions

    beginning of year $1,959,178 · end of year $1,906,300

Mission and programs · 2023

Mission

THE ORGANIZATION IS A NETWORK OF VALUES-BASED LEADERS COMMITTED TO THE BETTERMENT OF LIFE AND OPPORTUNITY FOR ALL CITIZENS OF SOUTH CAROLINA. THROUGH A RIGOROUS, 18-MONTH SEMINAR SERIES, A COHORT OF APPROXIMATELY 20 ESTABLISHED LEADERS BECOME LIBERTY FELLOWS EVERY TWO YEARS.

  • THE CALL TO ACTION SEMINAR FOR THE CLASS OF 2024 LIBERTY FELLOWS IS THE FINAL SEMINAR OF THE LIBERTY FELLOWSHIP EXPERIENCE WHERE FELLOWS REPORT ON IMPLEMENTATION OF THEIR INDIVIDUAL VENTURES AND FUTURE GOALS AND OUTCOMES, REPORT HOW THE FELLOWSHIP EXPERIENCE HAS IMPROVED THEIR LEADERSHIP STYLE AND SHARE THEIR SPECIFIC ACTION PLAN FOR MOVING SC FORWARD IN THEIR COMMUNITIES. FELLOWS MAKE A FORMAL COMMITMENT TO THEIR CLASSMATES, THE LIBERTY FELLOWSHIPS NETWORK OF FELLOWS, AND SOUTH CAROLINA.

    Expenses $148,348

  • THE CONTINUING THE JOURNEY SEMINAR FOR LIBERTY FELLOW ALUMNI IS AN OPPORTUNITY FOR FELLOWS WHO HAVE PREVIOUSLY COMPLETED THE FELLOWSHIP EXPERIENCE AND WISH TO REENGAGE WITH RENEWING THEIR COMMITMENT TO MOVING SC FORWARD. FELLOWS PROVIDE AN UPDATE ON THEIR ORIGINAL VENTURE, REPORT ON EFFORTS AND INITIATIVES IMPLEMENTED AFTER THEIR EARLIER FELLOWSHIP EXPERIENCE AND FORGE NEW CONNECTIONS WITH NEW FELLOWS TO LEVERAGE WORK BY OTHER FELLOWS IN THE LIBERTY FELLOWSHIP NETWORK.

    Expenses $129,195 · Revenue $6,375

  • THE CHALLENGE OF LEADERSHIP SEMINAR FOR A NEWLY NAMED LIBERTY FELLOWSHIP CLASS IS THE FIRST CONVENING FOR FELLOWS WHERE THEY LEARN AND DISCUSS VARIOUS LEADERSHIP PHILOSOPHIES AND BEGIN TO IDENTIFY THE AREA OF NEED THEY WANT TO FOCUS ON FOR THEIR VENTURE.

    Expenses $191,235

  • LIBERTY FELLOWSHIP OFFERS A VARIETY OF ENAGEMENT OPPORTUNITIES FOR FELLOWS WHO HAVE COMPLETED THE CORE FELLOWSHIP EXPERIENCE TO CONNECT AND ENGAGE WITHIN THE NETWORK IN REGIONAL AND LOCAL PROGRAMS THROUGHOUT THE YEAR. THESE OPPORTUNITIES INCLUDE SUPPORT FOR MULTI-CLASS GATHERINGS, REGIONAL GATHERINGS, AND ASPEN INSTITUTE EVENTS. ADDITIONAL EXPENSES FOR COMMUNICATIONS WITH THE NETWORK TO HIGHLIGHT FELLOW IMMPACT, ENGAGEMENT AND CAPTURE SEMINARS FOR CONTINUED WEBSITE DEVELOPMENT AND BRANDING.

    Expenses $303,344

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

Listed in Part VII

  • Ann Marie Stieritz

    CEO

    Total calculated
    $196,940
    From this org
    $196,940
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,940
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $196,940

  • Michael Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patrick Cawley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth A Fleming

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Kerri Forest

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Iris Griffin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Jason Tompkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Octavia Williams-Blake

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Geoff Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

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

  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.0
Source object
202403209349301735

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