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Nonprofiteer
← LIBERTY FELLOWSHIP OF SOUTH CAROLINA

Form 990 for tax year 2024

Filed by LIBERTY FELLOWSHIP OF SOUTH CAROLINA.

Totals

Total revenue
$682,048
Total expenses
$1,463,346
Contributions and grants received
$568,080
Grants paid
$0
Program service revenue
$49,482
Investment income
$61,516
Other revenue
$2,970
Total assets, end of year
$1,164,715
Total liabilities, end of year
$39,713
Net assets or fund balances, end of year
$1,125,002
Program services expenses (Part IX)
$1,177,818
Management and general expenses
$115,513
Fundraising expenses
$170,015
Program service expenses (Part III)
$1,177,818

Program services were 80.5% 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

    $568,080

  • 1g · Noncash contributions included above

    $431

  • 2a · Program service revenue: REGISTRATION INCOME

    total $49,482 · related or exempt $49,482

  • 3 · Investment income

    total $61,516 · excluded $61,516

  • 11a · Other revenue: OTHER INCOME

    total $2,970 · excluded $2,970

  • 11e · Other revenue, total

    $2,970

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $218,050 · program services $126,877 · management and general $35,618 · fundraising $55,555

  • 7 · Other salaries and wages

    total $201,870 · program services $136,282 · management and general $36,050 · fundraising $29,538

  • 8 · Pension plan contributions

    total $8,623 · program services $5,550 · management and general $1,545 · fundraising $1,528

  • 9 · Other employee benefits

    total $47,637 · program services $34,315 · management and general $7,231 · fundraising $6,091

  • 10 · Payroll taxes

    total $31,571 · program services $19,769 · management and general $5,386 · fundraising $6,416

  • 11c · Fees: accounting

    total $65,786 · program services $40,563 · management and general $5,204 · fundraising $20,019

  • 11g · Fees: other

    total $105,435 · program services $65,016 · management and general $8,334 · fundraising $32,085

  • 12 · Advertising and promotion

    total $5,498 · program services $5,200 · management and general $298

  • 13 · Office expenses

    total $41,771 · program services $23,965 · management and general $6,795 · fundraising $11,011

  • 14 · Information technology

    total $8,900 · program services $5,488 · management and general $704 · fundraising $2,708

  • 16 · Occupancy

    total $14,056 · program services $8,717 · management and general $2,700 · fundraising $2,639

  • 17 · Travel

    total $218,869 · program services $216,340 · management and general $1,795 · fundraising $734

  • 19 · Conferences, conventions and meetings

    total $449,610 · program services $449,238 · management and general $372

  • 23 · Insurance

    total $8,764 · program services $5,592 · management and general $1,481 · fundraising $1,691

  • 24a · Other expenses: VIDEOGRAPHY

    total $33,166 · program services $31,368 · management and general $1,798

  • 24b · Other expenses: WEBSITE DEVELOPMENT

    total $3,420 · program services $3,235 · management and general $185

  • 24c · Other expenses: PHOTOGRAPHY

    total $320 · program services $303 · management and general $17

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100,000 · end of year $1,000

  • 2 · Savings and temporary cash investments

    beginning of year $1,789,401 · end of year $1,067,736

  • 3 · Pledges and grants receivable

    beginning of year $22,199 · end of year $50,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,462 · end of year $45,979

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,762 · end of year $39,713

  • 27 · Net assets without donor restrictions

    beginning of year $1,906,300 · end of year $1,125,002

Mission and programs · 2024

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 ASPEN EXECUTIVE SEMINAR FOR THE CLASS OF 2025 LIBERTY FELLOWS IS THE SECOND SEMINAR OF THE LIBERTY FELLOWSHIP EXPERIENCE AS FELLOWS CONTINUE TO LEARN AND DISCUSS VARIOUS LEADERSHIP PHILOSOPHIES AND PRINCIPLES. FELLOWS WORK IN SMALL GROUPS TO FURTHER DEFINE THEIR VENTURE AND REPORT ON INDIVIDUAL PROGRESS.

    Expenses $165,377

  • THE GLOBALIZATION PROGRAM ENCOMPASSES THE THIRD SEMINAR IN WHICH THE CLASS DIVIDES INTO SMALLER GROUPS TRAVELING ABROAD TO JOIN ASPEN GLOBAL LEADERSHIP NETWORK (AGLN) FELLOWS FROM ALL OVER THE WORLD TO DISCUSS BROADER ISSUES, PERSPECTIVES AND LEADERSHIP CHALLENGES. FELLOWS SHARE PROGRESS ON INDIVIDUAL VENTURES AND RECEIVE FEEDBACK FROM AGLN FELLOWS ON THEIR EFFORTS.

    Expenses $223,432

  • THE MULTI CLASS GATHERING PROGRAM IS AN OPPORTUNITY FOR LIBERTY FELLOWS TO CONVENE AND DISCUSS CURRENT ISSUES IN THE STATE, RECONNECT WITH THEIR LIBERTY FELLOWSHIP CLASS, AND COLLABORATE ACROSS THE NETWORK. IN THE CURRENT FISCAL YEAR, THE ORGANIZATION CELEBRATED ITS 20TH ANNIVERSARY AT A 3 DAY EVENT IN GREENVILLE WHERE IT HOSTED FELLOWS, STAKEHOLDERS, AND FRIENDS OF THE ORGANIZATION FOR KEYNOTE ADDRESSES, PANEL DISCUSSIONS, AND MODERATED SEMINAR SESSIONS IN ADDITION TO OFFERING WELLNESS AND SERVICE OPPORTUNITIES.

    Expenses $501,288 · Revenue $49,482

  • 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 $287,721

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ann Marie Stieritz

    FORMER CEO

    Total calculated
    $139,939
    From this org
    $126,917
    From related orgs
    $0
    Other
    $13,022
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $126,917
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,975
    Nontaxable benefits
    $9,047
    Filer's total
    $139,939

  • Tycely Williams

    CEO

    Total calculated
    $116,348
    From this org
    $100,613
    From related orgs
    $0
    Other
    $15,735
    Hours/week
    40

  • Michael Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Patrick Cawley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth A Fleming

    FORMER CHAIR

    Total calculated
    $0
    Hours/week
    3.5

  • Kerri Forest

    CHAIR

    Total calculated
    $0
    Hours/week
    7

  • Iris Griffin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dehler Hart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason Tompkins

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Octavia Williams-Blake

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • 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
2024
Filed
6 November 2025
IRS schema version
2024v5.0
Source object
202533129349300923

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