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Nonprofiteer
← DANIEL ISLAND COMMUNITY FUND INC

Form 990 for tax year 2023

Filed by DANIEL ISLAND COMMUNITY FUND INC.

Totals

Total revenue
$1,611,110
Total expenses
$1,648,948
Contributions and grants received
$0
Grants paid
$488,858
Program service revenue
$1,541,169
Investment income
$62,041
Other revenue
$7,900
Total assets, end of year
$2,703,379
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,703,379
Program services expenses (Part IX)
$1,475,219
Management and general expenses
$173,729
Fundraising expenses
$0
Program service expenses (Part III)
$1,475,219

Program services were 89.5% 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 $1,541,169 · related or exempt $1,541,169

  • 3 · Investment income

    total $73,244 · excluded $73,244

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

    securities $11,203

  • 7c · Gain or loss

    securities -$11,203

  • 7d · Net gain or loss

    total -$11,203 · excluded -$11,203

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $7,900 · related or exempt $7,900

  • 11e · Other revenue, total

    $7,900

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $488,858 · program services $488,858

  • 11a · Fees: management

    total $156,972 · management and general $156,972

  • 11b · Fees: legal

    total $129 · management and general $129

  • 11c · Fees: accounting

    total $1,350 · management and general $1,350

  • 11f · Fees: investment management

    total $14,103 · management and general $14,103

  • 11g · Fees: other

    total $291,689 · program services $291,689

  • 12 · Advertising and promotion

    total $1,194 · program services $1,194

  • 13 · Office expenses

    total $8,341 · program services $8,341

  • 14 · Information technology

    total $2,751 · program services $2,751

  • 17 · Travel

    total $328 · program services $328

  • 22 · Depreciation, depletion and amortization

    total $4,058 · program services $4,058

  • 23 · Insurance

    total $1,175 · management and general $1,175

  • 24a · Other expenses: COMMUNITY EVENT EXPENSE

    total $678,000 · program services $678,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $523,781 · end of year $447,708

  • 2 · Savings and temporary cash investments

    beginning of year $159,264 · end of year $55,572

  • 4 · Accounts receivable

    beginning of year $755 · end of year -$6,759

  • 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

    $14,652

  • 10c · Land, buildings and equipment, net

    beginning of year $13,088 · end of year $9,030

  • 11 · Investments: publicly traded securities

    beginning of year $1,948,014 · end of year $2,193,421

  • 15 · Other assets

    beginning of year $5,000 · end of year -$593

  • 27 · Net assets without donor restrictions

    beginning of year $2,654,902 · end of year $2,654,902

Mission and programs · 2023

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 $1,475,219 · Grants $488,858 · Revenue $1,549,069

As filed on the 2023 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

  • 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

  • COLBY HOLLIFIELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • OTTO ORR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY STUART SUTTON

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
23 May 2024
IRS schema version
2023v5.0
Source object
202441519349300904

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