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Ocean View Memorial Foundation INC

Not tax-deductible

Myrtle Beach, SC501(c)(4)Since 1978Foundations & GrantmakersEIN 57-0368086Revenue $319K in FY2025

On file with the IRSPo Box 1366, 29578-1366 · Myrtle Beach, SCTax-exempt since Jun 2016

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Extend grants and scholarships

69¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
3 of 6
filings with a surplus
Average surplus $29K a year · 10% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
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
$319K
-32% vs prior year
Spent
$266K
To programs
69%
Net assets
$6.3M
By yearFY2020–FY2025
Revenue
$319K
FY2025▼ -32%
Tap a bar for its year
Revenue by fiscal year
FY2020$264K
FY2021$440K
FY2022$134K
FY2023$202K
FY2024$472K
FY2025$319K
Expenses
$266K
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$281K
FY2021$282K
FY2022$293K
FY2023$250K
FY2024$283K
FY2025$266K
Net assets
$6.3M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.2M
FY2021$6.5M
FY2022$5.3M
FY2023$5.8M
FY2024$5.8M
FY2025$6.3M

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

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

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $183K Management & general 31% · $82K

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
John Krajc
Chairman
$0Pt VII · Sec A
Jon Craig Howell JR
Vice-Chairman
$0Pt VII · Sec A
Will Gravely
Secretary
$0Pt VII · Sec A
David Martin
Treasurer
$0Pt VII · Sec A
Tami Lee
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ocean View Memorial 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 15aNo

Programs and updates

Ocean View Memorial Foundation INC is a membership association based in Myrtle Beach, SC, formed in 1978.

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Provided by the organization

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3 programs · $183K · in their own filed words · FY2025
01

Assist any health care and related facilities in the myrtle beach area which would qualify for an exemption under the provisions of section 501(c)(3), 509(a)(1) or 509(a)(2)

$87Kprogram expense
02

Provide scholarships in the myrtle beach area on the basis of need and merit

$71Kprogram expense
03

Educational grants to the horry-georgetown technical college foundation

$25Kprogram expense

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 · 62 grants · $1.2M · 2020–2025
Unitemized GrantFY2025$71,250
Horry-Georgetown Technical College Foundation IncorporatedSC · FY2025$25,000
New Directions of Horry County INCSC · FY2025$15,000
S O S Health Care INCSC · FY2025$13,000
Helping Hand of Myrtle Beach INCSC · FY2025$12,312
Lowcountry Food Bank INCSC · FY2025$11,476
Palmetto Literacy CouncilSC · FY2025$7,936
Children's Cancer Partners of the Carolinas INCSC · FY2025$7,500
The Rape Crisis Center Serving Horry and Georgetown Counties INCSC · FY2025$7,380
Unitemized GrantFY2024$80,000
Horry-Georgetown Technical College Foundation IncorporatedSC · FY2024$25,000
Ground Zero Ministries INCSC · FY2024$15,000
New Directions of Horry County INCSC · FY2024$15,000
S O S Health Care INCSC · FY2024$12,314
Helping Hand of Myrtle Beach INCSC · FY2024$12,312
Lowcountry Food Bank INCSC · FY2024$11,476
Palmetto Literacy CouncilSC · FY2024$7,936
The Rape Crisis Center Serving Horry and Georgetown Counties INCSC · FY2024$7,380
See all 62 grants →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$319K
Ln 12
Investment incomeLn 3$319K
Money outPt IX
$266K
Ln 25
Programscol B$183K
Managementcol C$82K
Owns and owesPt X
$6.3M
net assets · Ln 32
Total assetsLn 16$6.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$319K
Gains on assetsLn 7$154K
Total revenueLn 12$319K
Assets in detailPt X, end of year
InvestmentsLn 11–13$6.3M
Total assetsLn 16$6.3M
LiabilitiesLn 26$0
Net assetsLn 32$6.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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
InvestmentsLn 11–13$5.8M$6.3M
Total assetsLn 16$5.8M$6.3M
LiabilitiesLn 26$1K$0
Net assetsLn 32$5.8M$6.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$112K$112K
Grants to domestic individualsLn 2$71K$71K
Management feesLn 11a$33K$33K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$32K$32K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$914$914
InsuranceLn 23$4K$4K
Total functional expensesLn 25$266K$183K$82K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $319K$266K$54K$6.3M 990 PDF
FY2024 $472K$283K$188K$5.8M 990 PDF
FY2023 $202K$250K−$47K$5.8M 990 PDF
FY2022 $134K$293K−$159K$5.3M 990 PDF
FY2021 $440K$282K$158K$6.5M 990 PDF
FY2020 $264K$281K−$17K$6.2M 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
See the full FY2025 990 (6 parts)
Part I · Summary $319,199 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $471,594$319,199
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $471,594$319,199
I-13 Grants and similar amounts paidPrior year $212,438$183,234
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $70,939$82,293
I-18 Total expensesPrior year $283,377$265,527
I-19 Revenue less expensesPrior year $188,217$53,672
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $319,199 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $165,382$165,382
VIII-7 Net gain or loss on sales of assetsExcluded from tax $153,817$153,817
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $319,199$319,199
Part IX · Statement of functional expenses $265,527 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $111,984$111,984
IX-2 Grants to domestic individualsPrograms $71,250$71,250
IX-11a Management feesManagement $33,264$33,264
IX-11c Accounting feesManagement $7,500$7,500
IX-11f Investment management feesManagement $31,732$31,732
IX-12 Advertising and promotionManagement $4,970$4,970
IX-13 Office expensesManagement $914$914
IX-23 InsuranceManagement $3,913$3,913
IX-25 Total functional expensesPrograms $183,234 · Management $82,293 · Fundraising $0$265,527
Part X · Balance sheet $6,263,754 assets, 7 lines filed
X-9 Prepaid expenses and deferred chargesStart of year $3,261$3,261
X-11 Publicly traded securitiesStart of year $5,830,020$6,260,493
X-16 Total assetsStart of year $5,833,281$6,263,754
X-26 Total liabilitiesStart of year $1,250$0
X-27 Net assets without donor restrictionsStart of year $5,832,031$6,263,754
X-32 Total net assets or fund balancesStart of year $5,832,031$6,263,754
X-33 Total liabilities and net assetsStart of year $5,833,281$6,263,754
Part XI · Reconciliation of net assets $6,263,754 net assets at year end
XI-1 Total revenue$319,199
XI-2 Total expenses$265,527
XI-3 Revenue less expenses$53,672
XI-4 Net assets at start of year$5,832,031
XI-5 Net unrealized gains (losses) on investments$378,051
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,263,754

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

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