Charity Foundation FY2021 filing

N Charleston, SC · Public charity (501(c)(3)) · Community Development

✓ Tax-deductible
Revenue
$241K
Spent
$84K
To programs
35%
Net assets
$107K
By yearFY2021–FY2022
Revenue
$241K
FY2021
Revenue by fiscal year
FY2021$241K
FY2022$162K
Expenses
$84K
FY2021
Expenses by fiscal year
FY2021$84K
FY2022$156K
Net assets
$107K
FY2021
Net assets by fiscal year
FY2021$107K
FY2022$112K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2014-05-15)
Per the IRS revocation list.
Filing up to date?
Last filed FY2022 — 4 yrs ago
Legal name (IRS)Hdr · item CCharity Foundation
EINHdr · item D57-1111199
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2017
Latest filingForm 990FY2022 · Form 990
Principal addressHdr · item CN Charleston, SC
NTEE classificationIRS BMFCommunity Development (S20)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.35 Management & general $0.63 Fundraising $0.03
Program services35%$29K
Management & general63%$53K
Fundraising3%$2K
Total functional expensesLn 25$84K

Financial health

Is it on solid ground?

Program efficiency
35%
of spending reaches programs
Operating runway
43.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+65%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$363K
FY2021
Total assets by fiscal year
FY2021$363K
FY2022$344K
Total liabilities
$256K
FY2021
Total liabilities by fiscal year
FY2021$256K
FY2022$232K
Revenue less expensesPt I · Ln 19$156K
Total assetsPt X · Ln 16$363K
Program-expense ratioPt IX · col B35%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$177K
Total assetsLn 16$363K
Total liabilitiesLn 26$256K
Total net assetsLn 32$107K
Months of cash on handcomputed25.1

Statement of Revenue

Part VIII
Contributions & grants$230K · 96%
Program service revenue$11K · 4%
Contributions & grants96%$230K
Program service revenue4%$11K
— government grantsLn 1e$36K
Total revenueLn 12$241K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $177K · Operating expenses (Pt IX) $84K · Less non-cash grants $36K · Cash operating expenses/yr $48K
43.8 months
Where the money goes
Program services
Program services $29K · Total expenses $84K
35%
Management & General
Management & general $53K · Total expenses $84K
63%
Fundraising
Fundraising $2K · Total expenses $84K
3%
Cost to raise $1
Fundraising expense $2K · Solicited contributions $194K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $230K · Total revenue $241K
96%
Government reliance
Government grants $36K · Total revenue $241K
15%
Earned-income share
Program service revenue $11K · Total revenue $241K
4%
Investment reliance
Investment income $0 · Total revenue $241K
0%
Program self-sufficiency
Program service revenue $11K · Total expenses $84K
13%
Growth & trend
Revenue growth (YoY)
This year $241K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $107K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $241K · Expenses $84K
+65%
Liabilities-to-Assets
Total liabilities — · Total assets $363K
—
Net-asset ratio
Net assets $107K · Total assets $363K
29%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $363K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rev Nelson B Rivers III · Reported title Chairman · Highest reported compensation $0 · Total expenses $84K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $84K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 35%——
Overhead ratio 63%——
Fundraising cost ratio 0.9%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Charity Foundation executive salaries →

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Builds community by providing education, housing, job training, and fostering civic pride.

Provided by the organization

This section is blank until Charity Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $29K of program spending, described in the organization's own filed words · FY2021.
01

Developed one affordable housing unit and successfully secured a low income tenent from the community. Secured several real estate lots for future low income rental units and development.

$29Kprogram 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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$553K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2022 Latest $162K$156K-33% 990 PDF
FY2021 Viewing $241K$84K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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