Skip to content
Nonprofiteer
← WACCAMAW COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by WACCAMAW COMMUNITY FOUNDATION INC.

Totals

Total revenue
$6,543,921
Total expenses
$4,151,050
Contributions and grants received
$5,376,666
Grants paid
$3,032,020
Program service revenue
$478,839
Investment income
$688,315
Other revenue
$101
Total assets, end of year
$33,255,334
Total liabilities, end of year
$97,701
Net assets or fund balances, end of year
$33,157,633
Program services expenses (Part IX)
$3,297,994
Management and general expenses
$637,398
Fundraising expenses
$215,658
Program service expenses (Part III)
$3,297,994

Program services were 79.4% 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

    $5,376,666

  • 1g · Noncash contributions included above

    $75,804

  • 2a · Program service revenue: MANAGEMENT FEES

    total $478,839 · related or exempt $478,839

  • 3 · Investment income

    total $925,596 · excluded $925,596

  • 7a · Gross sales of assets other than inventory

    securities $4,164,291

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

    securities $4,401,572

  • 7c · Gain or loss

    securities -$237,281

  • 7d · Net gain or loss

    total -$237,281 · excluded -$237,281

  • 11a · Other revenue: OTHER INCOME

    total $101 · excluded $101

  • 11e · Other revenue, total

    $101

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,963,240 · program services $2,963,240

  • 2 · Grants to domestic individuals

    total $68,780 · program services $68,780

  • 7 · Other salaries and wages

    total $292,966 · program services $168,354 · management and general $29,370 · fundraising $95,242

  • 8 · Pension plan contributions

    total $10,527 · program services $6,050 · management and general $1,055 · fundraising $3,422

  • 9 · Other employee benefits

    total $47,916 · program services $27,535 · management and general $4,804 · fundraising $15,577

  • 10 · Payroll taxes

    total $20,964 · program services $12,047 · management and general $2,102 · fundraising $6,815

  • 11f · Fees: investment management

    total $20,497 · management and general $20,497

  • 11g · Fees: other

    total $14,153 · management and general $14,153

  • 12 · Advertising and promotion

    total $21,831 · fundraising $21,831

  • 13 · Office expenses

    total $545 · program services $313 · management and general $55 · fundraising $177

  • 14 · Information technology

    total $21,519 · program services $12,366 · management and general $2,157 · fundraising $6,996

  • 16 · Occupancy

    total $15,142 · program services $5,013 · management and general $7,293 · fundraising $2,836

  • 17 · Travel

    total $1,866 · program services $1,072 · management and general $187 · fundraising $607

  • 19 · Conferences, conventions and meetings

    total $4,688 · program services $2,694 · management and general $470 · fundraising $1,524

  • 21 · Payments to affiliates

    total $105,820 · management and general $52,910 · fundraising $52,910

  • 22 · Depreciation, depletion and amortization

    total $12,959 · program services $7,447 · management and general $1,299 · fundraising $4,213

  • 23 · Insurance

    total $3,012 · management and general $3,012

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $496,951 · management and general $496,951

  • 24b · Other expenses: SPONSORSHIPS

    total $13,750 · program services $13,750

  • 24c · Other expenses: MEETINGS & EVENTS

    total $4,313 · program services $2,478 · management and general $432 · fundraising $1,403

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $4,274 · program services $2,456 · management and general $429 · fundraising $1,389

  • 24e · All other expenses

    total $5,337 · program services $4,399 · management and general $222 · fundraising $716

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,239,131 · end of year $111,338

  • 2 · Savings and temporary cash investments

    beginning of year $2,407,731 · end of year $6,280,617

  • 3 · Pledges and grants receivable

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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,598 · end of year $16,760

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

    $525,206

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

    $102,132

  • 10c · Land, buildings and equipment, net

    beginning of year $436,032 · end of year $423,074

  • 11 · Investments: publicly traded securities

    beginning of year $17,233,808 · end of year $26,243,176

  • 12 · Investments: other securities

    beginning of year $6,766,018 · end of year $98,109

  • 15 · Other assets

    beginning of year $10,075 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,293 · end of year $22,226

  • 18 · Grants payable

    beginning of year $41,023 · end of year $40,000

  • 24 · Unsecured notes and loans payable

    beginning of year $5,165 · end of year $3,189

  • 25 · Other liabilities

    beginning of year $32,091 · end of year $32,286

  • 27 · Net assets without donor restrictions

    beginning of year $28,096,081 · end of year $33,157,633

Mission and programs · 2023

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 2023, THE WACCAMAW COMMUNITY FOUNDATION DISPERSED 253 GRANTS AND SCHOLARSHIPS TOTALING $3,029,386. THESE GRANTS WERE DISTRIBUTED AS FOLLOWS: 73 GRANTS TOTALING $434,317 SUPPORTING VARIOUS EDUCATIONAL PURSUITS, 25 GRANTS TOTALING $257,250 SUPPORTING NEIGHBORHOOD & COMMUNITY DEVELOPMENT, 40 GRANTS TOTALING $400,651 SUPPORTING HUMAN NEEDS, 20 GRANTS TOTALING $147,832 SUPPORTING ENVIRONMENTAL EFFORTS, 39 GRANTS TOTALING $147,974 SUPPORTING HEALTH INITIATIVES, AND 44 GRANTS TOTALING $575,375 IN SUPPORT OF RELIGIOUS ORGANIZATIONS, 8 GRANTS TOTALING $116,775 IN SUPPORT OF THE ARTS, AND 4 GRANTS TOTALING $949,212 FOR OTHER PHILANTHROPIC EFFORTS.

    Expenses $3,297,994 · Grants $3,032,020 · Revenue $679,099

As filed on the 2023 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 Huck

    DIRECTOR

    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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brent Groom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Allen Jeffcoat

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Cooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deshawn Roush

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rick Elliott

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jane Litz

    CFO

    Total calculated
    $224,015
    From this org
    $0
    From related orgs
    $195,039
    Other
    $28,976
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,039 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,921 related
    Nontaxable benefits
    $0 + $19,055 related
    Filer's total
    $0 + $224,015 related

  • Michael Mancuso

    EXECUTIVE DIRECTOR

    Total calculated
    $134,791
    From this org
    $0
    From related orgs
    $111,302
    Other
    $23,489
    Hours/week
    40 + 1 related

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.

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.

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
2023
Filed
26 April 2024
IRS schema version
2023v5.0
Source object
202431209349301578

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.