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Grassroots Foundation for Financial

Mount Pleasant, SCUnknown exempt organizationEIN 45-1143560Revenue $235K in FY2024

On file with the IRShookedonmiracleskmt.com2888 River Vista Way · Mount Pleasant, SC

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To provide Financial education to the public and support the musc shawn jenkins childrens hospital through fundraising events.

99¢ of each $1 spent went to programs.
Run by 19 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $282 a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
2
named funders · $24K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$235K
+18% vs prior year
Spent
$236K
To programs
99%
Net assets
$0
By yearFY2019–FY2024
Revenue
$235K
FY2024▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2019$32K
FY2020Not on file
FY2021$87K
FY2022$120K
FY2023$200K
FY2024$235K
Expenses
$236K
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2019Not on file
FY2020Not on file
FY2021$83K
FY2022$120K
FY2023$205K
FY2024$236K
Net assets
$0
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2019$1K
FY2020$425
FY2021$5K
FY2022$5K
FY2023$0
FY2024$0

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $233K Management & general 1% · $3K Fundraising 0% · $40

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Alex Cole
Board Member
$0Pt VII · Sec A
Scott Flanders
Board Member
$0Pt VII · Sec A
Sarah Jones
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Kelly Richey
Board Member
$0Pt VII · Sec A
Britt Tooley
Board Member
$0Pt VII · Sec A
Terri Tooley
Board Member
$0Pt VII · Sec A
Amy Wallace
Board Member
$0Pt VII · Sec A
See Grassroots Foundation for Financial executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates the public and fundraises for children's hospital care.

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Provided by the organization

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1 program · $233K · in their own filed words · FY2024
01

Fishing tournament-funds raised through the annual miracle tournament and paid out in cash prizes with 100% of the net proceeds being donated to the musc shawn jenkins children's hospital.

$233Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
The US Charitable Gift TrustFY2023$14K
Communities of Coastal Georgia Foundation INCFY2023$9K
Total grants receivedfrom 2 funders$24K
Grants paid · 5 grants · $696K · 2021–2024
Musc Children's Hospital FundSC · FY2024$230,000
Musc Strategic VenturesSC · FY2023$195,000
Musc Strategic VenturesSC · FY2022$115,000
Unitemized GrantFY2021$78,175
Medical University of South Carolina (musc)FY2021$78,175

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$235K
Ln 12
Gifts and grantsLn 1h$208K
Other incomeLn 4–11$27K
Money outPt IX
$236K
Ln 25
Programscol B$233K
Managementcol C$3K
Fundraisingcol D$40
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$208K
Fundraising eventsLn 1c$68K
Other incomeLn 4–11$27K
Total revenueLn 12$235K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 619
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Total assetsLn 16$5K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$5K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$230K$230K
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$40$40
TravelLn 17$3K$3K
Total functional expensesLn 25$236K$233K$3K$40

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $235K$236K−$705$0 990 PDF
FY2023 $200K$205K−$5K$0 990 PDF
FY2022 $120K$120K$413$5K 990 PDF
FY2021 $87K$83K$4K$5K 990 PDF
FY2020 $425 990 PDF
FY2019 $32K$1K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $234,902 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $190,085$207,658
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $9,687$27,244
I-12 Total revenuePrior year $199,772$234,902
I-13 Grants and similar amounts paidPrior year $199,730$230,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,223$5,607
I-18 Total expensesPrior year $204,953$235,607
I-19 Revenue less expensesPrior year −$5,181−$705
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $234,902 across 5 lines filed
VIII-1c Fundraising events$67,658
VIII-1f All other contributions, gifts and grants$140,000
VIII-1h Total contributions, gifts and grants$207,658
VIII-8 Net income from fundraising eventsExcluded from tax $27,244$27,244
VIII-12 Total revenueExcluded from tax $27,244$234,902
Part IX · Statement of functional expenses $235,607 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $230,000$230,000
IX-11g Other fees for servicesPrograms $2,864$2,864
IX-13 Office expensesFundraising $40$40
IX-17 TravelManagement $2,703$2,703
IX-25 Total functional expensesPrograms $232,864 · Management $2,703 · Fundraising $40$235,607
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $4,730$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $4,730$0
X-33 Total liabilities and net assetsStart of year $4,730$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$234,902
XI-2 Total expenses$235,607
XI-3 Revenue less expenses−$705
XI-4 Net assets at start of year$4,730
XI-9 Other changes in net assets−$4,025
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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