Haig Point Foundation INC FY2023 filing

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The Foundation provides support via funds for disaster and hurricane relief, preservation and beauty, history and safety of the island of daufuskie and its inhabitants, as well as scholarships to help island residents and employees advance their lives.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $25K a year · 14% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
36 mo
of spending, in cash
Looks good: 36.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $13K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9K
2% of total assets
Looks good: liabilities are 2% 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
$174K
+23% vs prior year
Spent
$122K
To programs
88%
Net assets
$359K
By yearFY2022–FY2025
Revenue
$174K
FY2023▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2022$142K
FY2023$174K
FY2024$148K
FY2025$214K
Expenses
$122K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$122K
FY2024$142K
FY2025$199K
Net assets
$359K
FY2023▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2022$285K
FY2023$359K
FY2024$386K
FY2025$430K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2019.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $107K Management & general 12% · $15K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
Chairperson
$0Pt VII · Sec A
Vice Chairpe
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Fundraising
$0Pt VII · Sec A
See Haig Point Foundation INC 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

Funds disaster relief, island preservation, history, safety, and scholarships for residents.

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3 programs · $53K · in their own filed words · FY2023
01

To support daufuskie island historical sociated for preserving the island history.

$25Kprogram expense
02

Scholarships for daufuskie island residents and employees for attending college or other vocational training.

$24Kprogram expense
03

To support fire and safety for daufuskie island residents. This includes the purchase of equipment and supplies for emergency services.

$4Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$13K
Grants paid · 3 grants · $416K · 2023–2025
Unitemized GrantFY2025$183,176
Unitemized GrantFY2024$125,827
Unitemized GrantFY2023$106,592

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$174K
Ln 12
Other incomeLn 4–11$130K
Gifts and grantsLn 1h$36K
Investment incomeLn 3$8K
Money outPt IX
$122K
Ln 25
Programscol B$107K
Managementcol C$15K
Owns and owesPt X
$359K
net assets · Ln 32
Cash and savingsLn 1–2$368K
Total assetsLn 16$368K
LiabilitiesLn 26$9K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$36K
Investment incomeLn 3$8K
Other incomeLn 4–11$130K
Total revenueLn 12$174K
Assets in detailPt X, end of year
CashLn 1$29K
SavingsLn 2$339K
Cash and savings togetherLn 1–2$368K
Total assetsLn 16$368K
LiabilitiesLn 26$9K
Net assetsLn 32$359K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
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 FY23End FY23
Cash and savingsLn 1–2$285K$368K
Total assetsLn 16$285K$368K
LiabilitiesLn 26$184$9K
Net assetsLn 32$285K$359K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$107K$107K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$4K$4K
Office expensesLn 13$461$267$194
Information technologyLn 14$2K$2K
InsuranceLn 23$592$592
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$122K$107K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 24, 2026 $214K$199K$15K$430K 990 PDF
FY2024Filed with the IRS Feb 24, 2025 $148K$142K$6K$386K 990 PDF
FY2023 ViewingFiled with the IRS Mar 9, 2024 $174K$122K$53K$359K 990 PDF
FY2022Filed with the IRS Aug 24, 2023 $142K$285K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $174,494 revenue, 12 lines filed
I-8 Contributions and grants$36,082
I-9 Program service revenue$0
I-10 Investment income$8,036
I-11 Other revenue$130,376
I-12 Total revenue$174,494
I-13 Grants and similar amounts paid$106,592
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$15,238
I-18 Total expenses$121,830
I-19 Revenue less expenses$52,664
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 $174,494 across 6 lines filed
VIII-1a Federated campaigns$36,082
VIII-1h Total contributions, gifts and grants$36,082
VIII-3 Investment incomeExcluded from tax $8,036$8,036
VIII-8 Net income from fundraising events$129,208
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,168$1,168
VIII-12 Total revenueRelated to mission $1,168 · Excluded from tax $8,036$174,494
Part IX · Statement of functional expenses $121,830 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $106,592$106,592
IX-11c Accounting feesManagement $3,500$3,500
IX-11g Other fees for servicesManagement $4,500$4,500
IX-13 Office expensesPrograms $267 · Management $194$461
IX-14 Information technologyManagement $1,500$1,500
IX-23 InsuranceManagement $592$592
IX-24 Other expenses (24a–d)Management $4,685$4,685
IX-25 Total functional expensesPrograms $106,859 · Management $14,971 · Fundraising $0$121,830
Part X · Balance sheet $368,186 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $25,808$29,117
X-2 Savings and temporary cash investmentsStart of year $259,057$339,069
X-16 Total assetsStart of year $284,865$368,186
X-17 Accounts payable and accrued expensesStart of year $184$8,884
X-26 Total liabilitiesStart of year $184$8,884
X-27 Net assets without donor restrictionsStart of year $284,681$359,302
X-32 Total net assets or fund balancesStart of year $284,681$359,302
X-33 Total liabilities and net assetsStart of year $284,865$368,186
Part XI · Reconciliation of net assets $359,302 net assets at year end
XI-1 Total revenue$174,494
XI-2 Total expenses$121,830
XI-3 Revenue less expenses$52,664
XI-4 Net assets at start of year$284,681
XI-5 Net unrealized gains (losses) on investments$21,957
XI-10 Net assets at end of year$359,302

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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