Spring Island Trust FY2020 filing

Tax-deductible

Okatie, SC501(c)(3)EnvironmentEIN 57-0905093Revenue $1.5M in FY2020

On file with the IRSspringislandtrust.org174 Callawassie Dr, 29909-4245 · Okatie, SCTax-exempt since Mar 2016Publicly supported charity — 170(b)(1)(A)(vi)

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To insure preservation and protection of the island's environment and cultural history.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$143K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
5 of 5
filings with a surplus
Average surplus $570K a year · 29% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$143K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$41K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
Spent
$1.2M
To programs
79%
Net assets
$6.6M
By yearFY2020–FY2024
Revenue
$1.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$2.0M
FY2022$1.9M
FY2023$2.0M
FY2024$2.3M
Expenses
$1.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.3M
FY2023$1.4M
FY2024$1.6M
Net assets
$6.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.6M
FY2021$7.5M
FY2022$7.4M
FY2023$8.5M
FY2024$9.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2016.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $945K Management & general 16% · $193K Fundraising 5% · $65K

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

13 people listed on the 990; $143K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$142,997Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Andrew Jones’s $151K as Executive Director is at the 65th percentile of top reported officer pay among 1851 $1–10M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Andrew Jones$150,923$141,441$128,813——
Chris Marsh———$142,831$142,997
Anthony Mills$107,000$103,000———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Spring Island Trust 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

Preserves and protects the island's environment and cultural history.

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Provided by the organization

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1 program · $945K · in their own filed words · FY2020
01

Habitat Improvements Expenses/Nature Preserve

Preservation of an environmental conservatory including rare animal species and ecosystems - educate spring island residents to be wise environmental stewards of their properties and support scientific research that leads to more effective habitat management on spring island.

$945Kprogram expense

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 · FY2025
Total grants receivedfrom 1 funder$1K
Grants paid · 8 grants · $160K · 2020–2024
University of South CarolinaFY2024$15,000
University of South CarolinaFY2023$10,000
University of South CarolinaFY2021$40,000
Individual RecipientFY2021$25,119
University of South CarolinaFY2020$40,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$229K
Investment incomeLn 3$146K
Money outPt IX
$1.2M
Ln 25
Programscol B$945K
Managementcol C$193K
Fundraisingcol D$65K
Owns and owesPt X
$6.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$6.6M
LiabilitiesLn 26$41K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$103K
Investment incomeLn 3$146K
Other incomeLn 4–11$229K
Gains on assetsLn 7$94K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$4.3M
Land, buildings, equipmentLn 10c$893K
Other assetsLn 15$133
Total assetsLn 16$6.6M
LiabilitiesLn 26$41K
Net assetsLn 32$6.6M
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$1.2M$1.4M
InvestmentsLn 11–13$3.9M$4.3M
Land, buildings, equipmentLn 10c$925K$893K
Total assetsLn 16$6.0M$6.6M
LiabilitiesLn 26$63K$41K
Net assetsLn 32$6.0M$6.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$65K$65K
Pay of current officers, directors and key staffLn 5$143K$106K$37K
Other salaries and wagesLn 7$391K$344K$17K$30K
Pension plan contributionsLn 8$18K$15K$2K$1K
Other employee benefitsLn 9$47K$34K$10K$4K
Payroll taxesLn 10$40K$34K$4K$2K
Legal feesLn 11b$850$850
Accounting feesLn 11c$66K$66K
Other fees for servicesLn 11g$38K$29K$7K$3K
Office expensesLn 13$98K$64K$28K$6K
OccupancyLn 16$24K$23K$1K
TravelLn 17$39K$37K$2K
Conferences, conventions and meetingsLn 19$30K$9K$1K$19K
Depreciation, depletion and amortizationLn 22$56K$56K
InsuranceLn 23$41K$25K$16K
Other expenses (24a–d)Ln 24$107K$105K$2K
All other expensesLn 24e$130$80$50
Total functional expensesLn 25$1.2M$945K$193K$65K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.3M$1.6M$700K$9.6M 990 PDF
FY2023 $2.0M$1.4M$627K$8.5M 990 PDF
FY2022 $1.9M$1.3M$595K$7.4M 990 PDF
FY2021 $2.0M$1.4M$584K$7.5M 990 PDF
FY2020 Viewing $1.5M$1.2M$346K$6.6M 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 FY2020 990 (6 parts)
Part I · Summary $1,549,254 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $999,933$1,070,576
I-9 Program service revenuePrior year $159,808$103,044
I-10 Investment incomePrior year $83,510$146,176
I-11 Other revenuePrior year $176,727$229,458
I-12 Total revenuePrior year $1,419,978$1,549,254
I-13 Grants and similar amounts paidPrior year $28,000$65,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $610,798$639,426
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $474,634$498,876
I-18 Total expensesPrior year $1,113,432$1,203,302
I-19 Revenue less expensesPrior year $306,546$345,952
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,549,254 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,070,576
VIII-1h Total contributions, gifts and grants$1,070,576
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $103,044$103,044
VIII-3 Investment incomeExcluded from tax $51,754$51,754
VIII-7 Net gain or loss on sales of assetsExcluded from tax $94,422$94,422
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $229,458$229,458
VIII-12 Total revenueRelated to mission $103,044 · Unrelated business $0 · Excluded from tax $375,634$1,549,254
Part IX · Statement of functional expenses $1,203,302 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $65,000$65,000
IX-5 Pay of current officers, directors and key staffPrograms $105,818 · Management $37,179$142,997
IX-7 Other salaries and wagesPrograms $344,320 · Management $16,632 · Fundraising $29,787$390,739
IX-8 Pension plan contributionsPrograms $15,269 · Management $1,928 · Fundraising $1,115$18,312
IX-9 Other employee benefitsPrograms $33,542 · Management $9,849 · Fundraising $4,031$47,422
IX-10 Payroll taxesPrograms $33,873 · Management $3,924 · Fundraising $2,159$39,956
IX-11b Legal feesManagement $850$850
IX-11c Accounting feesManagement $65,600$65,600
IX-11g Other fees for servicesPrograms $28,624 · Management $6,709 · Fundraising $2,618$37,951
IX-13 Office expensesPrograms $63,574 · Management $27,714 · Fundraising $6,218$97,506
IX-16 OccupancyPrograms $23,123 · Management $1,235$24,358
IX-17 TravelPrograms $36,867 · Management $2,354$39,221
IX-19 Conferences, conventions and meetingsPrograms $9,240 · Management $1,143 · Fundraising $19,456$29,839
IX-22 Depreciation, depletion and amortizationPrograms $56,049$56,049
IX-23 InsurancePrograms $24,933 · Management $15,677$40,610
IX-24 Other expenses (24a–d)Programs $104,992 · Management $1,770$106,762
IX-24e All other expensesPrograms $80 · Management $50$130
IX-25 Total functional expensesPrograms $945,304 · Management $192,614 · Fundraising $65,384$1,203,302
Part X · Balance sheet $6,624,773 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,181,534$1,425,474
X-9 Prepaid expenses and deferred chargesStart of year $34,616$0
X-10c Land, buildings and equipment, netStart of year $925,345$893,408
X-11 Publicly traded securitiesStart of year $3,877,278$4,305,758
X-15 Other assets$133
X-16 Total assetsStart of year $6,018,773$6,624,773
X-17 Accounts payable and accrued expensesStart of year $21,057$34,941
X-25 Other liabilitiesStart of year $33,277$5,782
X-26 Total liabilitiesStart of year $62,984$40,723
X-27 Net assets without donor restrictionsStart of year $5,955,789$6,584,050
X-32 Total net assets or fund balancesStart of year $5,955,789$6,584,050
X-33 Total liabilities and net assetsStart of year $6,018,773$6,624,773
Part XI · Reconciliation of net assets $6,584,050 net assets at year end
XI-1 Total revenue$1,549,254
XI-2 Total expenses$1,203,302
XI-3 Revenue less expenses$345,952
XI-4 Net assets at start of year$5,955,789
XI-5 Net unrealized gains (losses) on investments$282,294
XI-9 Other changes in net assets$15
XI-10 Net assets at end of year$6,584,050

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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