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Five Points Foundation INC FY2024 filing

Tax-deductible

Columbia, SC501(c)(3)Health Care EIN 45-3940167Revenue $2.1M in FY2024

On file with the IRSfivepointsfoundation.org532 Congaree Ave, 29205-2211 · Columbia, SCTax-exempt since Jun 2012Publicly supported charity — 170(b)(1)(A)(vi)

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This corporation is dedicated to creating a better Five Points neighborhood district, which is located in the heart of columbia, SC. The purpose is to help with beautification projects, area sustainablitiy, zero waste endeavors, and to make contributions to assist with the many operations of the area's hard working and effective non-profit organizations, and neighborhood groups and associations who are also dedicated to the improvement of the Five Points neighborhood.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$79K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $212K a year · 14% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$79K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$8K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 12 voting members
Concern: none of 12 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+45% vs prior year
Spent
$1.8M
To programs
78%
Net assets
$797K
By yearFY2021–FY2025
Revenue
$2.1M
FY2024▲ +45%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.2M
FY2022$1.1M
FY2023$1.5M
FY2024$2.1M
FY2025$1.8M
Expenses
$1.8M
FY2024▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2021$683K
FY2022$1.2M
FY2023$1.3M
FY2024$1.8M
FY2025$1.7M
Net assets
$797K
FY2024▲ +79%
Tap a bar for its year
Net assets by fiscal year
FY2021$410K
FY2022$321K
FY2023$445K
FY2024$797K
FY2025$894K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2012.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $1.4M Management & general 22% · $384K

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

13 people listed on the 990; $79K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Heather McDonald
Executive Di
$78,634Pt VII · Sec A
Lisa Barrett
Board Member
$0Pt VII · Sec A
Tzima Brown
Board Member
$0Pt VII · Sec A
Heather Burns
Board Member
$0Pt VII · Sec A
Carolyn Crowder
Board Member
$0Pt VII · Sec A
Randy Dennis
Board Member
$0Pt VII · Sec A
Daniel Norris
Board Member
$0Pt VII · Sec A
Orlando Taylor
Board Member
$0Pt VII · Sec A

Heather McDonald’s $86K as Executive Di is at the 14th percentile of top reported officer pay among 3128 $1–10M health care 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Heather McDonald$86,426$78,634

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves the Five Points neighborhood through beautification, sustainability, and supporting local groups.

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Provided by the organization

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2 programs · $1.4M · in their own filed words · FY2023
01

Organization of specific events and collaborative marketing campaigns to increase awareness and visability of the five points area in columbia, SC. Events include the annual ST. Patrick's day celebration, jerryfest, holiday and shopping promotions.

$1.2Mprogram expense
02

Contributions to assist with the operation of five points area non-profits, neighborhood groups and associations who are dedicated to the improvement of the five points district in columbia, SC.

$206Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.1M
Ln 12
Fees for servicesLn 2g$1.2M
Gifts and grantsLn 1h$873K
Investment incomeLn 3$6K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.4M
Managementcol C$384K
Owns and owesPt X
$797K
net assets · Ln 32
Cash and savingsLn 1–2$527K
Total assetsLn 16$805K
LiabilitiesLn 26$8K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$873K
Government grantsLn 1e$795K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$6K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$527K
Cash and savings togetherLn 1–2$527K
Land, buildings, equipmentLn 10c$14K
Other assetsLn 15$1K
Total assetsLn 16$805K
LiabilitiesLn 26$8K
Net assetsLn 32$797K
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderJune
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
Cash and savingsLn 1–2$446K$527K
Land, buildings, equipmentLn 10c$3K$14K
Total assetsLn 16$453K$805K
LiabilitiesLn 26$8K$8K
Net assetsLn 32$445K$797K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$79K$79K
Other salaries and wagesLn 7$224K$91K$134K
Other employee benefitsLn 9$16K$16K
Payroll taxesLn 10$23K$23K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$725K$711K$13K
Advertising and promotionLn 12$177K$126K$51K
Office expensesLn 13$7K$1K$5K
Information technologyLn 14$235$235
OccupancyLn 16$258K$167K$90K
TravelLn 17$27K$20K$8K
Conferences, conventions and meetingsLn 19$11K$2K$9K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$18K$15K$3K
Other expenses (24a–d)Ln 24$181K$167K$14K
All other expensesLn 24e$13K$4K$9K
Total functional expensesLn 25$1.8M$1.4M$384K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.8M$1.7M$99K$894K 990 PDF
FY2024 Viewing $2.1M$1.8M$353K$797K 990 PDF
FY2023 $1.5M$1.3M$142K$445K 990 PDF
FY2022 $1.1M$1.2M−$86K$321K 990 PDF
FY2021 $1.2M$683K$554K$410K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,121,366 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $352,808$872,970
I-9 Program service revenuePrior year $1,112,197$1,241,902
I-10 Investment income$6,494
I-11 Other revenue$0
I-12 Total revenuePrior year $1,465,005$2,121,366
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $204,684$341,995
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,118,314$1,426,777
I-18 Total expensesPrior year $1,322,998$1,768,772
I-19 Revenue less expensesPrior year $142,007$352,594
Part VI · Governance 0 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,121,366 across 7 lines filed
VIII-1b Membership dues$9,725
VIII-1e Government grants$795,050
VIII-1f All other contributions, gifts and grants$68,195
VIII-1h Total contributions, gifts and grants$872,970
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,241,902$1,241,902
VIII-3 Investment incomeRelated to mission $6,494$6,494
VIII-12 Total revenueRelated to mission $1,248,396$2,121,366
Part IX · Statement of functional expenses $1,768,772 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $78,634$78,634
IX-7 Other salaries and wagesPrograms $90,562 · Management $133,502$224,064
IX-9 Other employee benefitsManagement $16,126$16,126
IX-10 Payroll taxesManagement $23,171$23,171
IX-11c Accounting feesManagement $7,921$7,921
IX-11g Other fees for servicesPrograms $711,453 · Management $13,100$724,553
IX-12 Advertising and promotionPrograms $125,736 · Management $50,863$176,599
IX-13 Office expensesPrograms $1,427 · Management $5,374$6,801
IX-14 Information technologyPrograms $235$235
IX-16 OccupancyPrograms $167,422 · Management $90,151$257,573
IX-17 TravelPrograms $19,693 · Management $7,611$27,304
IX-19 Conferences, conventions and meetingsPrograms $2,072 · Management $9,200$11,272
IX-22 Depreciation, depletion and amortizationPrograms $1,900$1,900
IX-23 InsurancePrograms $14,951 · Management $2,915$17,866
IX-24 Other expenses (24a–d)Programs $166,898 · Management $14,467$181,365
IX-24e All other expensesPrograms $3,946 · Management $9,442$13,388
IX-25 Total functional expensesPrograms $1,384,929 · Management $383,843 · Fundraising $0$1,768,772
Part X · Balance sheet $804,948 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $445,887$526,789
X-4 Accounts receivableStart of year $2,500$246,289
X-9 Prepaid expenses and deferred charges$16,801
X-10c Land, buildings and equipment, netStart of year $3,248$14,019
X-15 Other assetsStart of year $1,050$1,050
X-16 Total assetsStart of year $452,685$804,948
X-17 Accounts payable and accrued expenses$6,301
X-19 Deferred revenue$2,000
X-26 Total liabilitiesStart of year $8,005$8,301
X-27 Net assets without donor restrictionsStart of year $444,680$796,647
X-32 Total net assets or fund balancesStart of year $444,680$796,647
X-33 Total liabilities and net assetsStart of year $452,685$804,948
Part XI · Reconciliation of net assets $796,647 net assets at year end
XI-1 Total revenue$2,121,366
XI-2 Total expenses$1,768,772
XI-3 Revenue less expenses$352,594
XI-4 Net assets at start of year$444,680
XI-9 Other changes in net assets−$627
XI-10 Net assets at end of year$796,647

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

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