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Nonprofiteer
← CHARLESTON LITERARY FESTIVAL INC

Form 990 for tax year 2024

Filed by CHARLESTON LITERARY FESTIVAL INC.

Totals

Total revenue
$1,692,898
Total expenses
$1,266,119
Contributions and grants received
$1,367,939
Grants paid
$27,130
Program service revenue
$296,518
Investment income
$26,034
Other revenue
$2,407
Total assets, end of year
$925,714
Total liabilities, end of year
$47,968
Net assets or fund balances, end of year
$877,746
Program services expenses (Part IX)
$1,046,799
Management and general expenses
$111,521
Fundraising expenses
$107,799
Program service expenses (Part III)
$1,046,799

Program services were 82.7% 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.

  • 1e · Government grants (contributions)

    $28,634

  • 1f · All other contributions, gifts and grants

    $1,339,305

  • 1g · Noncash contributions included above

    $2,582

  • 2a · Program service revenue: Ticketed Literary Fest

    total $185,397 · related or exempt $185,397

  • 2b · Program service revenue: Programs

    total $111,121 · related or exempt $111,121

  • 3 · Investment income

    total $26,034 · excluded $26,034

  • 10a · Gross sales of inventory

    $2,407

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $2,407 · related or exempt $2,407

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $27,130 · program services $27,130

  • 5 · Compensation of officers, directors and key employees

    total $120,000 · program services $102,000 · management and general $6,000 · fundraising $12,000

  • 11a · Fees: management

    total $321,066 · program services $168,354 · management and general $64,103 · fundraising $88,609

  • 11c · Fees: accounting

    total $6,750 · management and general $6,750

  • 11g · Fees: other

    total $39,593 · program services $39,593

  • 12 · Advertising and promotion

    total $118,529 · program services $118,529

  • 13 · Office expenses

    total $31,924 · program services $22,101 · management and general $9,750 · fundraising $73

  • 14 · Information technology

    total $8,955 · program services $2,151 · management and general $6,804

  • 16 · Occupancy

    total $47,561 · program services $42,609 · management and general $4,190 · fundraising $762

  • 17 · Travel

    total $131,918 · program services $131,918

  • 19 · Conferences, conventions and meetings

    total $279,402 · program services $274,454 · management and general $93 · fundraising $4,855

  • 23 · Insurance

    total $1,831 · program services $715 · management and general $1,116

  • 24a · Other expenses: Video, photo, and audio

    total $98,655 · program services $98,655

  • 24b · Other expenses: General production

    total $15,874 · program services $15,874

  • 24c · Other expenses: Training and team build

    total $15,449 · program services $1,531 · management and general $12,418 · fundraising $1,500

  • 24d · Other expenses: Miscellaneous

    total $1,482 · program services $1,185 · management and general $297

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $163,514 · end of year $249,284

  • 2 · Savings and temporary cash investments

    beginning of year $374,892 · end of year $642,439

  • 3 · Pledges and grants receivable

    end of year $32,837

  • 15 · Other assets

    beginning of year $1,154 · end of year $1,154

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,850 · end of year $37,968

  • 19 · Deferred revenue

    beginning of year $33,666 · end of year $10,000

  • 27 · Net assets without donor restrictions

    beginning of year $450,044 · end of year $767,898

  • 28 · Net assets with donor restrictions

    end of year $109,848

Mission and programs · 2024

Mission

Charleston Literary Festival, Inc. produces a curated, annual program of events with a distinctly international flavor in the historic setting of Charleston, South Carolina. It brings together world class authors and speakers on a variety of topics to build conversations around some of today's most important and inspiring books and ideas.

Activities or mission (Part I)

Charleston Literary Festival, Inc. hosts an annual curated program of events (live and virtual) with a distinctive international flavor celebrating Charleston's tradition of literary and artistic appreciation.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,046,799 · Grants $27,130 · Revenue $296,518

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Walter Fiederowicz

    Chair

    Total calculated
    $0
    Hours/week
    15

  • Wenda Harris Millard

    Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Anne Blessing

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • James Marino

    Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Summer Anderson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jasmine Burns

    Director

    Total calculated
    $0
    Hours/week
    2

  • Sam Easley

    Director

    Total calculated
    $0
    Hours/week
    2

  • Paul Galvani

    Director

    Total calculated
    $0
    Hours/week
    2

  • Laura Gates

    Director

    Total calculated
    $0
    Hours/week
    2

  • Belinda Gergel

    Director

    Total calculated
    $0
    Hours/week
    2

  • Deborah Kennedy Kennard

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Kim Long Term Ended

    Director

    Total calculated
    $0
    Hours/week
    2

  • Leigh McNairy

    Director

    Total calculated
    $0
    Hours/week
    2

  • Victor Young

    Director

    Total calculated
    $0
    Hours/week
    2

  • Deborah Gage

    Founder and Director

    Total calculated
    $0
    Hours/week
    4

  • Leilani Brown

    Director

    Total calculated
    $0
    Hours/week
    2

  • Rock Hillenbrand

    Director

    Total calculated
    $0
    Hours/week
    2

  • Monica Langley

    Director

    Total calculated
    $0
    Hours/week
    2

  • Peter McCausland

    Director

    Total calculated
    $0
    Hours/week
    2

  • Martha Rhodes McLendon

    director

    Total calculated
    $0
    Hours/week
    2

  • Sarah Moriarty

    Executive Director

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2025
IRS schema version
2024v5.1
Source object
202501359349306150

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