Skip to content
Nonprofiteer
← DANIEL ISLAND COMMUNITY FUND INC

Form 990 for tax year 2022

Filed by DANIEL ISLAND COMMUNITY FUND INC.

Totals

Total revenue
$1,754,093
Total expenses
$2,060,300
Contributions and grants received
$0
Grants paid
$1,082,051
Program service revenue
$1,755,306
Investment income
-$1,213
Other revenue
$0
Total assets, end of year
$2,654,902
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,654,902
Program services expenses (Part IX)
$1,934,832
Management and general expenses
$125,468
Fundraising expenses
$0
Program service expenses (Part III)
$1,934,832

Program services were 93.9% 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.

  • 2a · Program service revenue: COMMUNITY ENCHANCEMENT

    total $1,755,306 · related or exempt $1,755,306

  • 3 · Investment income

    total $43,838 · excluded $43,838

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

    securities $45,051

  • 7c · Gain or loss

    securities -$45,051

  • 7d · Net gain or loss

    total -$45,051 · excluded -$45,051

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,082,051 · program services $1,082,051

  • 11a · Fees: management

    total $105,600 · management and general $105,600

  • 11b · Fees: legal

    total $123 · management and general $123

  • 11c · Fees: accounting

    total $4,487 · management and general $4,487

  • 11f · Fees: investment management

    total $14,178 · management and general $14,178

  • 11g · Fees: other

    total $380,079 · program services $380,079

  • 12 · Advertising and promotion

    total $12,936 · program services $12,936

  • 13 · Office expenses

    total $5,967 · program services $5,967

  • 14 · Information technology

    total $2,683 · program services $2,683

  • 17 · Travel

    total $769 · program services $769

  • 22 · Depreciation, depletion and amortization

    total $6,546 · program services $6,546

  • 23 · Insurance

    total $1,080 · management and general $1,080

  • 24a · Other expenses: COMMUNITY EVENT EXPENSE

    total $443,192 · program services $443,192

  • 24b · Other expenses: MISCELLANEOUS

    total $609 · program services $609

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $812,038 · end of year $523,781

  • 2 · Savings and temporary cash investments

    beginning of year $972,827 · end of year $159,264

  • 4 · Accounts receivable

    beginning of year $755 · end of year $755

  • 8 · Inventories for sale or use

    beginning of year $5,000 · end of year $5,000

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

    $23,682

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

    $10,594

  • 10c · Land, buildings and equipment, net

    beginning of year $19,634 · end of year $13,088

  • 11 · Investments: publicly traded securities

    beginning of year $1,287,652 · end of year $1,948,014

  • 15 · Other assets

    beginning of year $0 · end of year $5,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,097,906 · end of year $2,654,902

Mission and programs · 2022

Mission

TO PROVIDE FOR THE CIVIC BETTERMENT AND SOCIAL IMPROVEMENT OF DANIEL ISLAND, SC, AND THE GENERAL PUBLIC.

Activities or mission (Part I)

PROVIDE FOR THE CIVIC BETTERMENT AND SOCIAL IMPROVEMENT OF DANIEL ISLAND, SC, AND THE GENERAL PUBLIC.

  • TO SUPPORT COMMUNITY ENHANCEMENT PROGRAMS AND PHILANTHROPIC INITIATIVES ON DANIEL ISLAND AND SURROUNDING CAINHOY PENINSULA COMMUNITIES.EXAMPLES OF PAST FUNDING ACTIVITY INCLUDE:- FINANCIAL ASSISTANCE FOR HOUSING REHABILITATION AND EMERGENCY REPAIRS IN SEVERAL OF THE UNDERSERVED COMMUNITIES SURROUNDING DANIEL ISLAND.- SUPPORT FOR VARIOUS EDUCATION AND YOUTH INITIATIVES AT CAINHOY ELEMENTARY AND MIDDLE SCHOOL, JUNIOR ACHIEVEMENT AND OTHERS.- AN ANNUAL SCHOLARSHIP PROGRAM THAT FUNDS STUDENTS TO ATTEND BISHOP ENGLAND HIGH SCHOOL.- A PARTNERSHIP WITH THE AMERICAN RED CROSS TO PROVIDE COMMUNITY PROGRAMMING LIKE CPR, FIRST AID AND HURRICANE PREPAREDNESS TRAINING.- SUPPORT AND ESTABLISHMENT OF ON-ISLAND CULTURAL PROGRAMS.- MOST RECENTLY, ASSISTANCE IN FUNDING THE GUGGENHEIM PARK AND DANIEL ISLAND WATERFRONT PARK REHABILITATION PROJECTS.

    Expenses $1,934,832 · Grants $1,082,051 · Revenue $1,755,306

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Frank Brumley

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jane Baker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • William McKenzie

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mitchell Bohannon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Dudash

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Stevens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Slifer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emily Dorton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Morrill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pete Harper

    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

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

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DANIEL ISLAND COMPANY

    C · REAL ESTATE DEVELOPER · SC

  • DI DEVELOPMENT COMPANY INC

    C · REAL ESTATE · SC

Provenance

Return type
form_990
Tax year
2022
Filed
4 May 2023
IRS schema version
2022v5.0
Source object
202301289349302535

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.