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Nonprofiteer
← WACCAMAW COMMUNITY FOUNDATION INC

Form 990 for tax year 2025

Filed by WACCAMAW COMMUNITY FOUNDATION INC.

Totals

Total revenue
$6,315,599
Total expenses
$3,205,282
Contributions and grants received
$4,302,621
Grants paid
$2,570,119
Program service revenue
$0
Investment income
$2,006,939
Other revenue
$6,039
Total assets, end of year
$44,496,374
Total liabilities, end of year
$2,349,779
Net assets or fund balances, end of year
$42,146,595
Program services expenses (Part IX)
$2,746,635
Management and general expenses
$390,982
Fundraising expenses
$67,665
Program service expenses (Part III)
$2,746,635

Program services were 85.7% 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

    $4,302,621

  • 1g · Noncash contributions included above

    $51,410

  • 3 · Investment income

    total $931,812 · excluded $931,812

  • 7a · Gross sales of assets other than inventory

    securities $5,037,274

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

    securities $3,962,147

  • 7c · Gain or loss

    securities $1,075,127

  • 7d · Net gain or loss

    total $1,075,127 · excluded $1,075,127

  • 11a · Other revenue: OTHER INCOME

    total $6,039 · related or exempt $6,039

  • 11e · Other revenue, total

    $6,039

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,414,831 · program services $2,414,831

  • 2 · Grants to domestic individuals

    total $155,288 · program services $155,288

  • 5 · Compensation of officers, directors and key employees

    total $122,714 · management and general $61,357 · fundraising $61,357

  • 7 · Other salaries and wages

    total $161,490 · program services $74,659 · management and general $86,831

  • 8 · Pension plan contributions

    total $13,120 · program services $6,483 · management and general $6,637

  • 9 · Other employee benefits

    total $18,654 · management and general $18,654

  • 10 · Payroll taxes

    total $19,724 · program services $9,829 · management and general $9,895

  • 11a · Fees: management

    total $82,326 · program services $2,979 · management and general $74,125 · fundraising $5,222

  • 12 · Advertising and promotion

    total $15,125 · management and general $15,125

  • 13 · Office expenses

    total $1,747 · management and general $1,668 · fundraising $79

  • 14 · Information technology

    total $37,120 · management and general $37,120

  • 16 · Occupancy

    total $25,053 · management and general $25,053

  • 17 · Travel

    total $9,312 · management and general $9,312

  • 19 · Conferences, conventions and meetings

    total $2,499 · management and general $2,499

  • 20 · Interest

    total $646 · management and general $646

  • 22 · Depreciation, depletion and amortization

    total $11,004 · management and general $11,004

  • 23 · Insurance

    total $17,637 · management and general $17,637

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $63,003 · program services $63,003

  • 24b · Other expenses: SPONSORSHIPS

    total $18,184 · program services $18,184

  • 24c · Other expenses: DEVELOPMENT AND RELOCAT

    total $5,417 · management and general $4,767 · fundraising $650

  • 24d · Other expenses: MISCELLANEOUS

    total $4,756 · program services $1,379 · management and general $3,377

  • 24e · All other expenses

    total $5,632 · management and general $5,275 · fundraising $357

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,160,341 · end of year $966,375

  • 2 · Savings and temporary cash investments

    beginning of year $5,446,829 · end of year $2,039,242

  • 3 · Pledges and grants receivable

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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,709 · end of year $9,007

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

    $516,812

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

    $115,403

  • 10c · Land, buildings and equipment, net

    beginning of year $410,340 · end of year $401,409

  • 11 · Investments: publicly traded securities

    beginning of year $31,177,645 · end of year $40,890,766

  • 12 · Investments: other securities

    beginning of year $99,329 · end of year $100,059

  • 15 · Other assets

    beginning of year $9,329 · end of year $7,256

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,949 · end of year $49,566

  • 18 · Grants payable

    beginning of year $36,040 · end of year $14,574

  • 25 · Other liabilities

    beginning of year $2,097,211 · end of year $2,285,639

  • 27 · Net assets without donor restrictions

    beginning of year $36,163,360 · end of year $42,086,053

  • 28 · Net assets with donor restrictions

    beginning of year $57,222 · end of year $60,542

Mission and programs · 2025

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 2025, THE WACCAMAW COMMUNITY FOUNDATION DISPERSED 232 GRANTS AND SCHOLARSHIPS TOTALING $2,414,831. THESE GRANTS WERE DISTRIBUTED AS FOLLOWS: 75 GRANTS TOTALING $373,157 SUPPORTING VARIOUS EDUCATIONAL PURSUITS, 29 GRANTS TOTALING $361,939 SUPPORTING NEIGHBORHOOD AND COMMUNITY DEVELOPMENT, 61 GRANTS TOTALING $560,210 SUPPORTING HUMAN NEEDS, 10 GRANTS TOTALING $83,300 SUPPORTING ENVIRONMENTAL EFFORTS, 21 GRANTS TOTALING $96,039 SUPPORTING HEALTH INITIATIVES, AND 32 GRANTS TOTALING $410,158 IN SUPPORT OF RELIGIOUS ORGANIZATIONS, 9 GRANTS TOTALING $495,325 IN SUPPORT OF THE ARTS, AND 10 GRANTS TOTALING $32,303 SUPPORTING ANIMAL NEEDS.

    Expenses $2,746,635 · Grants $2,570,119 · Revenue $6,039

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DENNIS WADE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT HUCKS II

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • GARY COOPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHERYL CAIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • COURTNEY LOVE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIK FROMM

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RICK ELLIOT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALLAN JEFFCOAT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CLAY BRITTIAN

    VICE CHAIR - DEVELOPMENT C

    Total calculated
    $0
    Hours/week
    1

  • DR DESHAWN ROUSH

    VICE CHAIR - GRANTS COMMITTE

    Total calculated
    $0
    Hours/week
    1

  • KASEY HERRINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MANCUSO

    EXECUTIVE DIRECTOR

    Total calculated
    $148,005
    From this org
    $122,714
    From related orgs
    $0
    Other
    $25,291
    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.

Grants on this return

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

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
2025
IRS schema version
2025v4.2
Source object
202602369349301030

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