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Nonprofiteer
← JOHNS ISLAND FOUNDATION INC

Form 990 for tax year 2024

Filed by JOHNS ISLAND FOUNDATION INC.

Totals

Total revenue
$2,546,052
Total expenses
$2,312,546
Contributions and grants received
$2,421,663
Grants paid
$2,151,358
Program service revenue
$0
Investment income
$112,593
Other revenue
$11,796
Total assets, end of year
$2,706,217
Total liabilities, end of year
$5,877
Net assets or fund balances, end of year
$2,700,340
Program services expenses (Part IX)
$2,177,844
Management and general expenses
$79,019
Fundraising expenses
$55,683
Program service expenses (Part III)
$2,177,844

Program services were 94.2% 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

    $2,421,663

  • 1g · Noncash contributions included above

    $65,599

  • 3 · Investment income

    total $83,372 · excluded $83,372

  • 7a · Gross sales of assets other than inventory

    securities $3,024,412

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

    securities $2,995,191

  • 7c · Gain or loss

    securities $29,221

  • 7d · Net gain or loss

    total $29,221 · excluded $29,221

  • 8a · Fundraising events: gross income

    $87,500

  • 8b · Fundraising events: direct expenses

    $78,744

  • 8c · Net income from fundraising events

    total $8,756 · excluded $8,756

  • 11a · Other revenue: REFUND OF PRIOR YEAR GRANT PAID

    total $3,040 · related or exempt $3,040

  • 11e · Other revenue, total

    $3,040

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,151,358 · program services $2,151,358

  • 7 · Other salaries and wages

    total $68,394 · program services $22,798 · management and general $22,798 · fundraising $22,798

  • 10 · Payroll taxes

    total $5,238 · program services $1,746 · management and general $1,746 · fundraising $1,746

  • 11b · Fees: legal

    total $2,143 · management and general $2,143

  • 11c · Fees: accounting

    total $15,000 · management and general $15,000

  • 11g · Fees: other

    total $5,826 · program services $1,942 · management and general $1,942 · fundraising $1,942

  • 12 · Advertising and promotion

    total $5,578 · fundraising $5,578

  • 13 · Office expenses

    total $36,875 · management and general $17,017 · fundraising $19,858

  • 16 · Occupancy

    total $12,538 · management and general $8,777 · fundraising $3,761

  • 22 · Depreciation, depletion and amortization

    total $582 · management and general $582

  • 23 · Insurance

    total $7,375 · management and general $7,375

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $1,639 · management and general $1,639

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $705,739 · end of year $390,283

  • 4 · Accounts receivable

    beginning of year $20,700 · end of year $57,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,996 · end of year $3,024

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

    $8,485

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

    $8,247

  • 10c · Land, buildings and equipment, net

    beginning of year $820 · end of year $238

  • 13 · Investments: program-related

    beginning of year $1,786,267 · end of year $2,254,332

  • 15 · Other assets

    beginning of year $840 · end of year $840

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,487 · end of year $5,877

  • 18 · Grants payable

    beginning of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,451,728 · end of year $2,694,214

  • 28 · Net assets with donor restrictions

    beginning of year $7,147 · end of year $6,126

Mission and programs · 2024

Mission

THE FOUNDATION PROVIDES GRANT FUNDING FOR CAPITAL NEEDS TO NONPROFIT AGENCIES THAT SERVE RESIDENTS IN INDIAN RIVER COUNTY. AGENCIES ELIGIBLE FOR FUNDING ARE THOSE THAT SERVE PEOPLE IN NEED AND WHOSE PROGRAMS ARE DIRECTED TOWARD MEETING NEEDS OR ASSISTING WITH ISSUES RELATED TO FOOD, SHELTER, DISABILITIES, HEALTH, AGE, ABUSE OR CHILDREN'S EDUCATION.

  • DURING THE FISCAL YEAR, THE ORGANIZATION PROVIDED CAPITAL FUNDS TO 25 SEPARATE CHARITABLE AGENCIES. THESE FUNDS WERE PROVIDED SINCE MANY CHARITABLE FUNDING ORGANIZATIONS ARE PROVIDING OPERATING FUNDS BUT FEW CAN PROVIDE CAPITAL FUNDS.

    Expenses $2,177,844 · Grants $2,151,358

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

Listed in Part VII

  • Donald Steiner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kathy Balderston

    VP GRANT REVIEW

    Total calculated
    $0
    Hours/week
    1

  • Theresa Kilman

    VP GRANT REVIEW

    Total calculated
    $0
    Hours/week
    1

  • Thomas Vandeventer

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jack Murphy

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Binkley Shorts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Marcia Floyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Willis Goldsmith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chuck Lyon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Courtney Pastrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lisa Bullock

    VP ADVANCEMENT

    Total calculated
    $0
    Hours/week
    1

  • Gordon Harnett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2024
Filed
27 January 2026
IRS schema version
2024v5.5
Source object
202610629349300936

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

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