Berkeley Hall Charitable Foundation EIN 46-4739893

Berkeley Hall Charitable Foundation FY2023 filing

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Improves lives and promotes giving in Bluffton and Beaufort County, especially for vulnerable residents. For fiscal year 2023 it reported $470K in revenue, $488K in expenses, and $103K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Bluffton, SC
Website
www.berkeleyhallclub.com/charitable-fo
Filings
5 on file (2020–2023)
Revenue
$470KFY2023
Expenses
$488K
Net assets
$103K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-4739893 Public foundation / grantmaker Bluffton, SC
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Improves lives and promotes giving in Bluffton and Beaufort County, especially for vulnerable residents.
Leadership
John Kourakas · Chairman
Money in and out
$470K revenue, $488K expenses
Bottom line
99% program efficiency
Grants paid & assets · FY2023
Total revenue
$470K
Pt VIII · Ln 12
Total expenses
$488K
Pt IX · Ln 25
Net assets
$103K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$18K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs
Operating runway
2.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$470K
FY2023▼ -2%
Expenses
$488K
FY2023▲ +1%
Total assets
$113K
FY2023▼ -13%
Total liabilities
$10K
FY2023▲ +10%
Total revenue
$470K
Pt VIII · Ln 12
Total expenses
$488K
Pt IX · Ln 25
Net assets
$103K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$18K
Total assetsPt X · Ln 16$113K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $480K of program spending, described in the organization's own filed words · FY2023.
01

Improve the quality of life of bluffton, SC community residents and residents of neighboring beaufort county, especially those who are most vulnerable, promote philanthropy, and act as an effective steward of charitable funds.

$480Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBerkeley Hall Charitable Foundation
EINHdr · item D46-4739893
Principal addressHdr · item CBluffton, SC
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
23trustee/Gr
$0Pt VII · Sec A
23trustee
$0Pt VII · Sec A
23/24trustee
$0Pt VII · Sec A
23secretary/
$0Pt VII · Sec A
23treasurer/
$0Pt VII · Sec A
23/24trustee
$0Pt VII · Sec A
23trustee/24
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$470K
Total revenueLn 12$470K

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%$480K
Management & general1%$7K
Total functional expensesLn 25$488K

Balance Sheet

Part X · end of year
CashLn 1$104K
Total assetsLn 16$113K
Total liabilitiesLn 26$10K
Total net assetsLn 32$103K
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $104K · Operating expenses/yr $488K
2.6 months
Where the money goes
Program services
Program services $480K · Total expenses $488K
99%
Management & General
Management & general $7K · Total expenses $488K
1%
Fundraising
Fundraising $0 · Total expenses $488K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $437K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $470K · Total revenue $470K
100%
Government reliance
Government grants — · Total revenue $470K
Earned-income share
Program service revenue $0 · Total revenue $470K
0%
Investment reliance
Investment income $0 · Total revenue $470K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $488K
0%
Growth & trend
Revenue growth (YoY)
This year $470K · Prior year $478K
-2%
Net-asset trend (YoY)
End of year $103K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $470K · Expenses $488K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $113K
Net-asset ratio
Net assets $103K · Total assets $113K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $113K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Kourakas · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $488K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $488K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%
Revenue growth -2%
Legal fee ratio 0.6%

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 · FY2024
See all 4 funders →
Grants paid · 58 grants · $1.5M · 2020–2024
Bluffton Self Help INCSC · FY2022$75,000
Memory MattersSC · FY2022$25,000
Hospice Care of the LowcountrySC · FY2022$25,000
NocSC · FY2022$25,000
Second HelpingsSC · FY2022$22,500
Low Country Legal VolunteersSC · FY2022$20,000
Hopeful HorizonsSC · FY2022$15,000
CapaSC · FY2022$15,000
See all 58 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
FY2024 (Latest)$55K revenue · ⤓ 990 PDF
FY2023$470K revenue · viewing · ⤓ 990 PDF
FY2022$478K revenue · ⤓ 990 PDF
FY2021$362K revenue · ⤓ 990 PDF
FY2020$260K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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