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Eclt Foundation INC

Tax-deductible

Charleston, SC501(c)(3)Foundations & Grantmakers EIN 47-5524006Revenue $62K in FY2025

On file with the IRS1362 Old Towne Rd, 29407-6074 · Charleston, SCTax-exempt since Oct 2016Publicly supported charity — 170(b)(1)(A)(vi)

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The Eclt Foundation is an organization which supports the efforts of east cooper land trust by owning and managing land which has been protected to benefit people and the environment both now and forever.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $12K a year · 30% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.09% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$62K
×14 vs prior year
Spent
$59K
To programs
95%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$62K
FY2025▲ ×14
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$0
FY2022$22K
FY2023$167K
FY2024−$5K
FY2025$62K
Expenses
$59K
FY2025▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$0
FY2022$13K
FY2023$48K
FY2024$53K
FY2025$59K
Net assets
$2.2M
FY2025+0.1%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.1M
FY2022$2.2M
FY2023$2.2M
FY2024$2.2M
FY2025$2.2M

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2016.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $57K Management & general 3% · $2K Fundraising 2% · $948

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

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Ashley Demosthenes
President, C
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Wes Carter
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
See Eclt Foundation INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Owns and manages protected land for people and the environment.

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Provided by the organization

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1 program · $57K · in their own filed words · FY2024
01

The foundation continues to hold title to several properties including thornhill farms, somerset oaks, avenue of oaks park, and conch creek island. Each of these properties are managed through this organization to benefit people and the environment forever.

$57Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$62K
Ln 12
Gifts and grantsLn 1h$38K
Fees for servicesLn 2g$24K
Investment incomeLn 3$99
Money outPt IX
$59K
Ln 25
Programscol B$57K
Managementcol C$2K
Fundraisingcol D$948
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$2.2M
LiabilitiesLn 26$2K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$38K
Fees for servicesLn 2g$24K
Investment incomeLn 3$99
Total revenueLn 12$62K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
Land, buildings, equipmentLn 10c$2.1M
Other assetsLn 15$1
Total assetsLn 16$2.2M
LiabilitiesLn 26$2K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$56K$21K
Land, buildings, equipmentLn 10c$2.1M$2.1M
Total assetsLn 16$2.2M$2.2M
LiabilitiesLn 26$3K$2K
Net assetsLn 32$2.2M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$2K$1K$434$413
OccupancyLn 16$41K$41K
Depreciation, depletion and amortizationLn 22$8K$8K$419
Other expenses (24a–d)Ln 24$8K$7K$906$535
Total functional expensesLn 25$59K$57K$2K$948

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $62K$59K$3K$2.2M 990 PDF
FY2024 −$5K$53K−$58K$2.2M 990 PDF
FY2023 $167K$48K$119K$2.2M 990 PDF
FY2022 $22K$13K$9K$2.2M 990 PDF
FY2021 $0$0$0$2.1M 990 PDF
FY2020 $0$0$0$2.1M 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 FY2025 990 (6 parts)
Part I · Summary $62,224 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $55,209$38,000
I-9 Program service revenuePrior year $24,000$24,125
I-10 Investment incomePrior year −$84,463$99
I-11 Other revenue$0
I-12 Total revenuePrior year −$5,254$62,224
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $52,809$59,296
I-18 Total expensesPrior year $52,809$59,296
I-19 Revenue less expensesPrior year −$58,063$2,928
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $62,224 across 5 lines filed
VIII-1f All other contributions, gifts and grants$38,000
VIII-1h Total contributions, gifts and grants$38,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $24,125$24,125
VIII-3 Investment incomeRelated to mission $99$99
VIII-12 Total revenueRelated to mission $99 · Excluded from tax $24,125$62,224
Part IX · Statement of functional expenses $59,296 across 4 lines filed
IX-11g Other fees for servicesPrograms $1,190 · Management $434 · Fundraising $413$2,037
IX-16 OccupancyPrograms $40,631$40,631
IX-22 Depreciation, depletion and amortizationPrograms $7,970 · Management $419$8,389
IX-24 Other expenses (24a–d)Programs $6,798 · Management $906 · Fundraising $535$8,239
IX-25 Total functional expensesPrograms $56,589 · Management $1,759 · Fundraising $948$59,296
Part X · Balance sheet $2,175,787 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $56,291$21,099
X-9 Prepaid expenses and deferred charges$9,726
X-10c Land, buildings and equipment, netStart of year $2,117,350$2,144,961
X-15 Other assetsStart of year $1$1
X-16 Total assetsStart of year $2,173,642$2,175,787
X-25 Other liabilitiesStart of year $2,783$2,000
X-26 Total liabilitiesStart of year $2,783$2,000
X-27 Net assets without donor restrictionsStart of year $2,170,859$2,173,787
X-32 Total net assets or fund balancesStart of year $2,170,859$2,173,787
X-33 Total liabilities and net assetsStart of year $2,173,642$2,175,787
Part XI · Reconciliation of net assets $2,173,787 net assets at year end
XI-1 Total revenue$62,224
XI-2 Total expenses$59,296
XI-3 Revenue less expenses$2,928
XI-4 Net assets at start of year$2,170,859
XI-10 Net assets at end of year$2,173,787

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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