Pendleton Historic Foundation FY2021 filing

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EIN 57-0507315 Public charity (501(c)(3)) Pendleton, SC
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$153K
FY2021▲ +50%
Expenses
$96K
FY2021▼ -1%

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).


Preserves and restores historic sites, sharing local history and culture through educational programs. For fiscal year 2021 it reported $153K in revenue, $96K in expenses, and $1.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Pendleton, SC
Website
penletonhistoricfoundation.org
Filings
5 on file (2020–2021)
Revenue
$153KFY2021
Expenses
$96K
Net assets
$1.2M
People
17
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Provided by the organization

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Size
$100K–1M
What they do
Preserves and restores historic sites, sharing local history and culture through educational programs.
Leadership
Catherine Watt · Director
Money in and out
$153K revenue, $96K expenses
Bottom line
97% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

4 funders, incl. Donors Trust INC

4 distinct foundation funder(s) on file, $10K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

97% to programs

97% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +50% vs prior year

Revenue band $100K–1M, +50% versus the prior filing year (up). See detail →

Where the money goes · FY2021
Total revenue
$153K
Pt VIII · Ln 12
Total expenses
$96K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $57K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03 Fundraising $0.00
Program efficiency
97%
of spending reaches programs
Operating runway
102.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+37%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.2M
FY2021▼ -3%
Total liabilities
$8K
FY2021▼ -59%
Revenue less expensesPt I · Ln 19$57K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CPendleton Historic Foundation
EINHdr · item D57-0507315
Principal addressHdr · item CPendleton, SC
WebsiteHdr · item Jpenletonhistoricfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFApr 1964

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Pendleton Historic Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

2 program services account for $93K of program spending, described in the organization's own filed words · FY2021.
01

The Foundation has restored and preserved 2 of the largest Upcounty SC early 19th century plantation houses and outbuildings and surrounding acreage. These properties are operated as historic house museums interpreted and exhibited as they were in the early 19th century, primarily for the education and enjoyment of all ages.

$93Kprogram expense
02

Educational programs specifically designed for 3rd through 8th grade school students that meet the school curricula for SC history that is taught in these grades. There were also educational programs for High School students.

$384program expense

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Statement of Revenue

Part VIII
Contributions & grants$80K · 52%
Investment income$50K · 33%
Program service revenue$14K · 9%
Other revenue$9K · 6%
Contributions & grants52%$80K
Investment income33%$50K
Program service revenue9%$14K
Other revenue6%$9K
— government grantsLn 1e$63K
Total revenueLn 12$153K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03 Fundraising $0.00
Program services97%$93K
Management & general3%$3K
Fundraising$50
Total functional expensesLn 25$96K

Balance Sheet

Part X · end of year
CashLn 1$16K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$8K
Total net assetsLn 32$1.2M
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $818K · Operating expenses/yr $96K
102.0 months
Where the money goes
Program services
Program services $93K · Total expenses $96K
97%
Management & General
Management & general $3K · Total expenses $96K
3%
Fundraising
Fundraising $50 · Total expenses $96K
0.05%
Cost to raise $1
Fundraising expense (2-yr avg) $25 · Solicited contributions (2-yr avg) $22K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $80K · Total revenue $153K
52%
Government reliance
Government grants $63K · Total revenue $153K
41%
Earned-income share
Program service revenue $14K · Total revenue $153K
9%
Investment reliance
Investment income $50K · Total revenue $153K
+33%
Program self-sufficiency
Program service revenue $14K · Total expenses $96K
15%
Growth & trend
Revenue growth (YoY)
This year $153K · Prior year $102K
+50%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $153K · Expenses $96K
+37%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
—
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $802K · Total assets (Pt X, ln 16) $1.2M
65%
People & payroll
Highest Reported Total Compensation
Individual Catherine Watt · Reported title Director · Highest reported compensation $0 · Total expenses $96K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $18K · Total expenses $96K
19%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0.06%——
Revenue growth 50%——
Investment management fee ratio 0.2%——
Accounting fee ratio 1%——
Fundraising fee ratio 0.05%——

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$10K
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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)$316K revenue · ⤓ 990 PDF
FY2023$506K revenue · ⤓ 990 PDF
FY2022$119K revenue · ⤓ 990 PDF
FY2021$153K revenue · viewing · ⤓ 990 PDF
FY2020$102K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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