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← WACCAMAW COMMUNITY FOUNDATION INC

Form 990 for tax year 2024

Filed by WACCAMAW COMMUNITY FOUNDATION INC.

What the amendment changed

Compared with the return it replaced , filed 8 August 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$5,586,722 changed to $5,009,782
Total expenses
$3,544,518 changed to $2,967,578
Program service revenue
$576,940 changed to $0
Management and general expenses
$1,061,393 changed to $413,632
Fundraising expenses
$17,280 changed to $88,101

Totals

Total revenue
$5,009,782
Total expenses
$2,967,578
Contributions and grants received
$3,800,063
Grants paid
$2,319,523
Program service revenue
$0
Investment income
$1,208,875
Other revenue
$844
Total assets, end of year
$38,409,782
Total liabilities, end of year
$2,189,200
Net assets or fund balances, end of year
$36,220,582
Program services expenses (Part IX)
$2,465,845
Management and general expenses
$413,632
Fundraising expenses
$88,101
Program service expenses (Part III)
$2,465,845

Program services were 83.1% 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

    $3,800,063

  • 1g · Noncash contributions included above

    $184,865

  • 3 · Investment income

    total $1,194,640 · excluded $1,194,640

  • 7a · Gross sales of assets other than inventory

    securities $3,006,774

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

    securities $2,992,539

  • 7c · Gain or loss

    securities $14,235

  • 7d · Net gain or loss

    total $14,235 · excluded $14,235

  • 11a · Other revenue: OTHER INCOME

    total $844 · related or exempt $844

  • 11e · Other revenue, total

    $844

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,192,137 · program services $2,192,137

  • 2 · Grants to domestic individuals

    total $127,386 · program services $127,386

  • 5 · Compensation of officers, directors and key employees

    total $141,643 · management and general $70,822 · fundraising $70,821

  • 7 · Other salaries and wages

    total $120,716 · program services $70,178 · management and general $50,538

  • 8 · Pension plan contributions

    total $8,948 · program services $2,393 · management and general $6,555

  • 9 · Other employee benefits

    total $20,037 · program services $5,360 · management and general $14,677

  • 10 · Payroll taxes

    total $18,688 · program services $4,999 · management and general $13,689

  • 11a · Fees: management

    total $54,905 · program services $747 · management and general $49,855 · fundraising $4,303

  • 12 · Advertising and promotion

    total $396 · management and general $396

  • 13 · Office expenses

    total $1,561 · management and general $1,490 · fundraising $71

  • 14 · Information technology

    total $33,376 · management and general $33,376

  • 16 · Occupancy

    total $29,873 · management and general $29,873

  • 17 · Travel

    total $10,525 · management and general $10,525

  • 19 · Conferences, conventions and meetings

    total $3,142 · management and general $3,142

  • 20 · Interest

    total $393 · management and general $393

  • 22 · Depreciation, depletion and amortization

    total $12,851 · management and general $12,851

  • 23 · Insurance

    total $14,500 · management and general $14,500

  • 24a · Other expenses: DEVELOPMENT AND RELOCAT

    total $100,376 · management and general $88,337 · fundraising $12,039

  • 24b · Other expenses: OTHER PROGRAM EXPENSES

    total $42,610 · program services $42,610

  • 24c · Other expenses: SPONSORSHIPS

    total $18,918 · program services $18,918

  • 24d · Other expenses: DUES AND RECOGNITION

    total $8,524 · management and general $8,491 · fundraising $33

  • 24e · All other expenses

    total $6,073 · program services $1,117 · management and general $4,122 · fundraising $834

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,338 · end of year $1,160,341

  • 2 · Savings and temporary cash investments

    beginning of year $6,280,617 · end of year $5,446,829

  • 3 · Pledges and grants receivable

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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,760 · end of year $23,709

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

    $516,812

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

    $106,472

  • 10c · Land, buildings and equipment, net

    beginning of year $423,074 · end of year $410,340

  • 11 · Investments: publicly traded securities

    beginning of year $26,243,176 · end of year $31,177,645

  • 12 · Investments: other securities

    beginning of year $98,109 · end of year $99,329

  • 15 · Other assets

    beginning of year $0 · end of year $9,329

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,226 · end of year $55,949

  • 18 · Grants payable

    beginning of year $40,000 · end of year $36,040

  • 24 · Unsecured notes and loans payable

    beginning of year $3,189

  • 25 · Other liabilities

    beginning of year $32,286 · end of year $2,097,211

  • 27 · Net assets without donor restrictions

    beginning of year $33,157,633 · end of year $36,163,360

  • 28 · Net assets with donor restrictions

    end of year $57,222

Mission and programs · 2024

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 2024, THE WACCAMAW COMMUNITY FOUNDATION DISPERSED 232 GRANTS AND SCHOLARSHIPS TOTALING $2,319,523. THESE GRANTS WERE DISTRIBUTED AS FOLLOWS: 59 GRANTS TOTALING $556,269 SUPPORTING VARIOUS EDUCATIONAL PURSUITS, 19 GRANTS TOTALING $219,159 SUPPORTING NEIGHBORHOOD AND COMMUNITY DEVELOPMENT, 61 GRANTS TOTALING $712,541 SUPPORTING HUMAN NEEDS, 5 GRANTS TOTALING $73,925 SUPPORTING ENVIRONMENTAL EFFORTS, 27 GRANTS TOTALING $112,902 SUPPORTING HEALTH INITIATIVES, AND 43 GRANTS TOTALING $468,159 IN SUPPORT OF RELIGIOUS ORGANIZATIONS, 11 GRANTS TOTALING $78,949 IN SUPPORT OF THE ARTS, 6 GRANTS TOTALING $17,167 SUPPORTING ANIMAL NEEDS, AND 1 GRANT TOTALING $3,000 FOR OTHER PHILANTHROPIC EFFORTS.

    Expenses $2,465,845 · Grants $2,319,523 · Revenue $844

As filed on the 2024 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 VICE CHAIR & CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • EMMA RUTH BRITTIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHERYL CAIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WALLACE EVANS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHILLIP ANDERSON

    VICE CHAIR - GRANTING AND SCHOLARSHIPS

    Total calculated
    $0
    Hours/week
    1

  • ERIK FROMM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICK ELLIOT

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ALLAN JEFFCOAT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY COOPER

    VICE CHAIR - DEVELOPMENT COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • DR DESHAWN ROUSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MANCUSO

    EXECUTIVE DIRECTOR

    Total calculated
    $141,643
    From this org
    $118,094
    From related orgs
    $0
    Other
    $23,549
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $94,867
    Bonus
    $0
    Other
    $23,227
    Deferred
    $5,157
    Nontaxable benefits
    $18,392
    Filer's total
    $141,643

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

None.

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

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
2024
Filed
22 October 2025
IRS schema version
2024v5.2
Source object
202543009349301404

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