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Trinity Foundation FY2022 filing

Tax-deductible

Myrtle Beach, SC501(c)(3)Since 2011ReligionEIN 27-2313336

To hold, manage, invest, and reinvest gifts of property, both real and personal, for the sole benefit and use of trintiy church myrtle beach.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
IRS e-file · Filing history
Is it financially stable?
3 of 6
years in the black
Pt I · Ln 19 · 6 filings
How much reaches the programs?
99%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
15 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Do they carry debt?
$0
liabilities
Pt X · Ln 26
Who oversees it?
6
independent of 6 voting board members
Pt VI · Ln 1a–1b
Revenue
$76K
-18% vs prior year
Spent
$87K
To programs
99%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$76K
FY2022▼ -18%
Revenue by fiscal year
FY2020$62K
FY2021$92K
FY2022$76K
FY2023$59K
FY2024$563K
FY2025$123K
Expenses
$87K
FY2022▲ +5%
Expenses by fiscal year
FY2020$82K
FY2021$82K
FY2022$87K
FY2023$87K
FY2024$90K
FY2025$109K
Net assets
$1.7M
FY2022▼ -17%
Net assets by fiscal year
FY2020$1.9M
FY2021$2.1M
FY2022$1.7M
FY2023$1.9M
FY2024$2.1M
FY2025$2.2M

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CTrinity Foundation
EINHdr · item D27-2313336
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 2011
Year of formationHdr · item L2011
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CMyrtle Beach, SC
NTEE classificationIRS BMFReligion (X111)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$86K
Management & general1%$660
Total functional expensesLn 25$87K

Financial health

Is it on solid ground?

Net inflow
-15%
revenue over expenses, this year
Pass-through gifts
0.7%
of revenue from contributions
Program spending
99%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$1.7M
FY2022▼ -17%
Total assets by fiscal year
FY2020$1.9M
FY2021$2.1M
FY2022$1.7M
FY2023$1.9M
FY2024$2.1M
FY2025$2.2M
Total liabilities
$0
FY2022
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19−$11K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$111K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.7M
Months of cash on handcomputed15.3

Statement of Revenue

Part VIII
Investment income$75K · 99%
Contributions & grants$525 · 1%
Investment income99%$75K
Contributions & grants1%$525
Total revenueLn 12$76K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.7M · Operating expenses/yr $87K
237.1 months
Where the money goes
Program services
Program services $86K · Total expenses $87K
99%
Management & General
Management & general $660 · Total expenses $87K
0.8%
Fundraising
Fundraising $0 · Total expenses $87K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $175
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $525 · Total revenue $76K
0.7%
Government reliance
Government grants — · Total revenue $76K
—
Earned-income share
Program service revenue $0 · Total revenue $76K
0%
Investment reliance
Investment income $75K · Total revenue $76K
+99%
Program self-sufficiency
Program service revenue $0 · Total expenses $87K
0%
Growth & trend
Revenue growth (YoY)
This year $76K · Prior year $92K
-18%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $76K · Expenses $87K
-15%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
—
Net-asset ratio
Net assets $1.7M · Total assets $1.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.7M
94%
People & payroll
Highest Reported Total Compensation
Individual Jerrett Oates JR · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $87K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $87K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 0.8%——
Fundraising cost ratio 0%——
Revenue growth -18%——
Accounting fee ratio 0.8%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Thomas Harrell
Vice Preside
$0Pt VII · Sec A
Emsley Laney
Director
$0Pt VII · Sec A
Jane Jarvis
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Jason Shroff
Director
$0Pt VII · Sec A
Nancy Jarrett
Treasurer
$0Pt VII · Sec A
See Trinity Foundation executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Manages and invests property gifts for Trinity Church Myrtle Beach.

Provided by the organization

This section is blank until Trinity Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $86K of program spending, described in the organization's own filed words · FY2022.
01

Managed invested funds and kept the vestry of trinity church myrtle beach advised on fund earnings and liquidity so they can plan their charitable purpose accordingly.

$86Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $506K · 2020–2025
Trinity Church of Myrtle BeachSC · FY2025$90,000
Trinity Church of Myrtle BeachSC · FY2024$85,000
Trinity Church of Myrtle BeachSC · FY2023$85,000
Trinity Church of Myrtle BeachSC · FY2022$85,000
Trinity Church of Myrtle BeachSC · FY2021$81,000
Trinity Church of Myrtle BeachSC · FY2020$80,000

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $123K$109K-78% 990 PDF
FY2024 $563K$90K+853% 990 PDF
FY2023 $59K$87K-22% 990 PDF
FY2022 Viewing $76K$87K-18% 990 PDF
FY2021 $92K$82K+49% 990 PDF
FY2020 $62K$82K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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