Laurel Crest Endowment Trust

Columbia, SCUnknown exempt organization EIN 57-0986260Revenue $149K in FY2021Latest filing we have: 2021. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSColumbia, SC

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Support FPCRC Inc and its support of the ministry of First Presbyterian Church

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 57-0986260) · Dispute this line
81¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
The latest return is for FY2021, 5 tax years back.
IRS e-file · Filing history
Spent on programs
81%
of spending
81% of spending went to programs.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$149K
+271% vs prior year
Spent
$50K
To programs
81%
Net assets
$0
By yearFY2021–FY2021
Revenue
$149K
FY2021▲ +271%
Tap a bar for its year
Revenue by fiscal year
FY2021$40K
FY2021$149K
Expenses
$50K
FY2021▼ -44%
Tap a bar for its year
Expenses by fiscal year
FY2021$89K
FY2021$50K
Net assets
$0
FY2021▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2021$3.2M
FY2021$0

From the FY2021 Form 990 (year ending November 2021) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2021.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $40K Management & general 19% · $10K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Laurel Crest Endowment Trust executive salaries →

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

Supports the ministry of First Presbyterian Church.

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1 program · $40K · in their own filed words · FY2021
01

Provided funds to residents of Laurel Crest Retirement Community who were unable to pay monthly fees required to remain at Laurel Crest

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 57-0986260) · Dispute this line
$40Kprogram 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 · 2 grants · $115K · 2020–2021
Unitemized GrantFY2021$40,341
Unitemized GrantFY2020$75,127

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$149K
Ln 12
Other incomeLn 4–11$134K
Investment incomeLn 3$15K
Money outPt IX
$50K
Ln 25
Programscol B$40K
Managementcol C$10K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$15K
Other incomeLn 4–11$134K
Gains on assetsLn 7$134K
Total revenueLn 12$149K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderNovember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Total assetsLn 16$3.2M$0
LiabilitiesLn 26$0$0
Net assetsLn 32$3.2M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$40K$40K
Investment management feesLn 11f$10K$10K
Total functional expensesLn 25$50K$40K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021Filed with the IRS Jun 15, 2021 $40K$89K−$49K$3.2M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $148,655 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $40,037$148,655
I-11 Other revenue$0
I-12 Total revenuePrior year $40,037$148,655
I-13 Grants and similar amounts paidPrior year $75,127$40,341
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $13,779$9,626
I-18 Total expensesPrior year $88,906$49,967
I-19 Revenue less expensesPrior year −$48,869$98,688
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $148,655 across 3 lines filed
VIII-3 Investment incomeRelated to mission $14,742$14,742
VIII-7 Net gain or loss on sales of assetsRelated to mission $133,913$133,913
VIII-12 Total revenueRelated to mission $148,655 · Unrelated business $0 · Excluded from tax $0$148,655
Part IX · Statement of functional expenses $49,967 across 2 lines filed
IX-2 Grants to domestic individualsPrograms $40,341$40,341
IX-11f Investment management feesManagement $9,626$9,626
IX-25 Total functional expensesPrograms $40,341 · Management $9,626 · Fundraising $0$49,967
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $3,211,892$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $3,211,892$0
X-33 Total liabilities and net assetsStart of year $3,211,892$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$148,655
XI-2 Total expenses$49,967
XI-3 Revenue less expenses$98,688
XI-4 Net assets at start of year$3,211,892
XI-5 Net unrealized gains (losses) on investments$3,823
XI-9 Other changes in net assets−$3,314,403
XI-10 Net assets at end of year$0

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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