S C Press Association Foundation

Tax-deductible

Columbia, SC501(c)(3)Since 1969EIN 57-0735348

Charitable and educational services for the news industry

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
Run by 40 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $25K a year · 351% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$142K
18% of total assets
Looks good: liabilities are 18% 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
−$12K
-54% vs prior year
Spent
$30K
To programs
48%
Net assets
$645K
By yearFY2020–FY2024
Revenue
−$12K
FY2024▼ -54%
Revenue by fiscal year
FY2020$13K
FY2021$13K
FY2022$18K
FY2023−$440
FY2024−$8K
FY2024−$12K
Expenses
$30K
FY2024▼ -5%
Expenses by fiscal year
FY2020$31K
FY2021$32K
FY2022$35K
FY2023$29K
FY2024$32K
FY2024$30K
Net assets
$645K
FY2024▼ -1%
Net assets by fiscal year
FY2020$670K
FY2021$708K
FY2022$617K
FY2023$622K
FY2024$654K
FY2024$645K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1970.

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

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $14K Management & general 52% · $16K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Co-Exec Dire
$0Pt VII · Sec A
Co-Exec Dire
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See S C Press Association Foundation 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

Provides charitable and educational services to support the news industry.

Provided by the organization

This section is blank until S C Press Association Foundation claims this page.

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2 program services account for $14K of program spending, described in the organization's own filed words · FY2024.
01

Direct college scholarships to juniors and seniors and internship awards

$11Kprogram expense
02

Educational and miscellaneous expenses

$4Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$15K
Grants paid · 6 grants · $84K · 2019–2024
Unitemized GrantFY2024$10,960
Unitemized GrantFY2023$12,960
Unitemized GrantFY2022$11,460
Unitemized GrantFY2021$14,400
Unitemized GrantFY2020$17,000
Unitemized GrantFY2019$17,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
−$12K
Ln 12
Gifts and grantsLn 1h$8K
Money outPt IX
$30K
Ln 25
Programscol B$14K
Managementcol C$16K
Owns and owesPt X
$645K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$787K
LiabilitiesLn 26$142K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8K
Total revenueLn 12−$12K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
InvestmentsLn 11–13$367K
Land, buildings, equipmentLn 10c$415K
Total assetsLn 16$787K
LiabilitiesLn 26$142K
Net assetsLn 32$645K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$24K$5K
InvestmentsLn 11–13$362K$367K
Land, buildings, equipmentLn 10c$429K$415K
Total assetsLn 16$815K$787K
LiabilitiesLn 26$161K$142K
Net assetsLn 32$654K$645K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$11K$11K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$3K$3K
Office expensesLn 13$5$5
Other expenses (24a–d)Ln 24$11K$4K$8K
Total functional expensesLn 25$30K$14K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 −$8K$32K−$40K$654K 990 PDF
FY2023 −$440$29K−$30K$622K 990 PDF
FY2022 $18K$35K−$17K$617K 990 PDF
FY2021 $13K$32K−$20K$708K 990 PDF
FY2020 $13K$31K−$18K$670K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue −$12,048 across 4 lines filed
VIII-1f All other contributions, gifts and grants$8,400
VIII-1h Total contributions, gifts and grants$8,400
VIII-6 Net rental income or lossRelated to mission −$20,448−$20,448
VIII-12 Total revenueRelated to mission −$20,448−$12,048
Part IX · Statement of functional expenses $30,171 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $10,960$10,960
IX-11c Accounting feesManagement $5,250$5,250
IX-11f Investment management feesManagement $2,712$2,712
IX-13 Office expensesManagement $5$5
IX-24 Other expenses (24a–d)Programs $3,502 · Management $7,742$11,244
IX-25 Total functional expensesPrograms $14,462 · Management $15,709 · Fundraising $0$30,171
Part X · Balance sheet $786,833 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $23,888$5,057
X-10c Land, buildings and equipment, netStart of year $429,219$414,794
X-11 Publicly traded securitiesStart of year $361,897$366,982
X-16 Total assetsStart of year $815,004$786,833
X-25 Other liabilitiesStart of year $160,678$141,930
X-26 Total liabilitiesStart of year $160,678$141,930
X-27 Net assets without donor restrictionsStart of year $464,949$452,742
X-28 Net assets with donor restrictionsStart of year $189,377$192,161
X-32 Total net assets or fund balancesStart of year $654,326$644,903
X-33 Total liabilities and net assetsStart of year $815,004$786,833
Part XI · Reconciliation of net assets $644,903 net assets at year end
XI-1 Total revenue−$12,048
XI-2 Total expenses$30,171
XI-3 Revenue less expenses−$42,219
XI-4 Net assets at start of year$654,326
XI-5 Net unrealized gains (losses) on investments$32,796
XI-10 Net assets at end of year$644,903

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

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