Tri-County Community Foundation EIN 20-0072151

Tri-County Community Foundation FY2021 filing

EIN  20-0072151 Public foundation / grantmaker Barnwell, SC
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Encourages and promotes charitable donations to support good causes.
Leadership
Cindy Hurst · Board Member
Money in and out
$359K revenue, $217K expenses
Bottom line
74% program efficiency

Encourages and promotes charitable donations to support good causes. For fiscal year 2021 it reported $359K in revenue, $217K in expenses, and $3.1M in net assets.Pt I

Grants paid & assets · FY2021
Total revenue
$359K
Pt VIII · Ln 12
Total expenses
$217K
Pt IX · Ln 25
Net assets
$3.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $142K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.26
Program efficiency
74%
of spending reaches programs
Operating runway
170.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+40%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$359K
FY2021▲ +17%
Expenses
$217K
FY2021▼ -27%
Total assets
$3.1M
FY2021▲ +18%
Total liabilities
$0
FY2021
Total revenue
$359K
Pt VIII · Ln 12
Total expenses
$217K
Pt IX · Ln 25
Net assets
$3.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$142K
Total assetsPt X · Ln 16$3.1M
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $161K of program spending, described in the organization's own filed words · FY2020.
01

To enhance the quality of life in Allendale, Bamberg and Barnwell Counties, SC through scholarships and grants to early childhood, health and early learning programs.

$161Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTri-County Community Foundation
EINHdr · item D20-0072151
Principal addressHdr · item CBarnwell, SC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T31)
Ruling yearIRS BMFAug 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Boad Member
$0Pt VII · Sec A
Exeuctive Director
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Dr Edward Moore’s $12K as Executive Director is at the 11th percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Investment income$211K · 59%
Contributions & grants$120K · 33%
Program service revenue$29K · 8%
Investment income59%$211K
Contributions & grants33%$120K
Program service revenue8%$29K
— government grantsLn 1e$23K
Total revenueLn 12$359K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.26
Program services74%$161K
Management & general26%$57K
Total functional expensesLn 25$217K

Balance Sheet

Part X · end of year
CashLn 1$89K
Total assetsLn 16$3.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.1M
Months of cash on handcomputed4.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.1M · Operating expenses/yr $217K
170.9 months
Where the money goes
Program services
Program services $161K · Total expenses $217K
74%
Management & General
Management & general $57K · Total expenses $217K
26%
Fundraising
Fundraising $0 · Total expenses $217K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $100K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $120K · Total revenue $359K
33%
Government reliance
Government grants $23K · Total revenue $359K
6%
Earned-income share
Program service revenue $29K · Total revenue $359K
8%
Investment reliance
Investment income $211K · Total revenue $359K
+59%
Program self-sufficiency
Program service revenue $29K · Total expenses $217K
13%
Growth & trend
Revenue growth (YoY)
This year $359K · Prior year $308K
+17%
Net-asset trend (YoY)
End of year $3.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $359K · Expenses $217K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $3.1M
Net-asset ratio
Net assets $3.1M · Total assets $3.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.1M
97%
People & payroll
Highest Reported Total Compensation
Individual Cindy Hurst · Reported title Board Member · Highest reported compensation $0 · Total expenses $217K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $217K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 26%
Fundraising cost ratio 0%
Revenue growth 17%
Investment management fee ratio 1%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$10K
Grants paid · 43 grants · $1.6M · 2019–2024
Barnwell School District 45 Early Childhood ProgramFY2024$82,147
Healthy LearnersFY2024$58,991
Barnwell County 1st StepsFY2024$42,367
Vietnam Veterans of AmericaFY2024$32,500
Imagination Library Sc-Barnwell CountyFY2024$28,865
Creative Kidz Learning AcademyFY2024$16,050
Barnwell County Family YMCAFY2024$15,700
Barnwell County 1st Steps PtrshpFY2023$262,230
Unitemized GrantFY2023$70,266
Unitemized GrantFY2023$46,854
Unitemized GrantFY2023$17,080
Unitemized GrantFY2023$10,050
Barnwell County Family YMCAFY2023$6,000
Presbyterian CollegeSC · FY2023$5,000
Sweetwater Country ClubFY2023$3,500
Barnwell County 1st Steps PtrshpFY2022$159,072
Unitemized GrantFY2022$41,350
Dreams Imagination & Gift Devlp PRFY2022$30,000
See all 43 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$471K revenue · ⤓ 990 PDF
FY2024$381K revenue · ⤓ 990 PDF
FY2023$205K revenue · ⤓ 990 PDF
FY2022$235K revenue · ⤓ 990 PDF
FY2021$359K revenue · viewing · ⤓ 990 PDF
FY2020$308K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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