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Haig Point Foundation INC FY2024 filing

Tax-deductible

Hilton Head, SC501(c)(3)Foundations & Grantmakers EIN 83-1054157Revenue $148K in FY2024Latest return filed Feb 24, 2026

On file with the IRShaigpointfoundation.orgPo Box 6365, 29938-6365 · Hilton Head, SCTax-exempt since Aug 2019Publicly supported — 509(a)(2)

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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.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
35 mo
of spending, in cash
Looks good: 35.0 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
$27K
7% of total assets
Looks good: liabilities are 7% 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
$148K
-15% vs prior year
Spent
$142K
To programs
92%
Net assets
$386K
By yearFY2022–FY2025
Revenue
$148K
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2022$142K
FY2023$174K
FY2024$148K
FY2025$214K
Expenses
$142K
FY2024▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$122K
FY2024$142K
FY2025$199K
Net assets
$386K
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2022$285K
FY2023$359K
FY2024$386K
FY2025$430K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 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

92 cents of each dollar spent went to programs.

Program services 92% · $130K Management & general 8% · $12K

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

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Tammy Kelley
Treasurer
$0Pt VII · Sec A
Mary Keisler
Secretary
$0Pt VII · Sec A
Richard Klemm
Chairperson
$0Pt VII · Sec A
Cathy Bos
Director
$0Pt VII · Sec A
Kathleen Simmons
Vice Chairpe
$0Pt VII · Sec A
Doug Egly
Director
$0Pt VII · Sec A
Adam Martin
Director
$0Pt VII · Sec A
Lauren Schultz
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 · $86K · in their own filed words · FY2024
01

To support the newly formed charter school on the island educating children in grades 6TH through 8TH.

$30Kprogram expense
02

To support daufuskie island historical sociated for preserving the island history, which includes the preservation of island historical cemeteries.

$29Kprogram expense
03

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

$26Kprogram 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
Donor Advised Charitable Giving INCFY2024$8K
Zembrodt Family Foundation INCFY2024$5K
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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$148K
Ln 12
Gifts and grantsLn 1h$90K
Other incomeLn 4–11$48K
Investment incomeLn 3$10K
Money outPt IX
$142K
Ln 25
Programscol B$130K
Managementcol C$12K
Owns and owesPt X
$386K
net assets · Ln 32
Cash and savingsLn 1–2$413K
Total assetsLn 16$413K
LiabilitiesLn 26$27K
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$90K
Government grantsLn 1e$23K
Investment incomeLn 3$10K
Other incomeLn 4–11$48K
Total revenueLn 12$148K
Assets in detailPt X, end of year
CashLn 1$46K
SavingsLn 2$367K
Cash and savings togetherLn 1–2$413K
Total assetsLn 16$413K
LiabilitiesLn 26$27K
Net assetsLn 32$386K
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 FY24End FY24
Cash and savingsLn 1–2$368K$413K
Total assetsLn 16$368K$413K
LiabilitiesLn 26$9K$27K
Net assetsLn 32$359K$386K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$126K$126K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$432$432
Information technologyLn 14$2K$2K
InsuranceLn 23$609$609
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$142K$130K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 24, 2026 $214K$199K$15K$430K 990 PDF
FY2024 ViewingFiled with the IRS Feb 24, 2025 $148K$142K$6K$386K 990 PDF
FY2023Filed 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 FY2024 990 (6 parts)
Part I · Summary $147,840 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $36,082$89,728
I-9 Program service revenue$0
I-10 Investment incomePrior year $8,036$10,050
I-11 Other revenuePrior year $130,376$48,062
I-12 Total revenuePrior year $174,494$147,840
I-13 Grants and similar amounts paidPrior year $106,592$125,827
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $15,238$15,782
I-18 Total expensesPrior year $121,830$141,609
I-19 Revenue less expensesPrior year $52,664$6,231
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 $147,840 across 7 lines filed
VIII-1a Federated campaigns$66,237
VIII-1e Government grants$23,491
VIII-1h Total contributions, gifts and grants$89,728
VIII-3 Investment incomeExcluded from tax $10,050$10,050
VIII-8 Net income from fundraising events$47,881
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $181$181
VIII-12 Total revenueRelated to mission $181 · Excluded from tax $10,050$147,840
Part IX · Statement of functional expenses $141,609 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $125,827$125,827
IX-11c Accounting feesManagement $3,750$3,750
IX-11g Other fees for servicesManagement $3,300$3,300
IX-12 Advertising and promotionPrograms $4,061$4,061
IX-13 Office expensesManagement $432$432
IX-14 Information technologyManagement $1,500$1,500
IX-23 InsuranceManagement $609$609
IX-24 Other expenses (24a–d)Management $2,130$2,130
IX-25 Total functional expensesPrograms $129,888 · Management $11,721 · Fundraising $0$141,609
Part X · Balance sheet $413,094 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $29,117$45,688
X-2 Savings and temporary cash investmentsStart of year $339,069$367,406
X-16 Total assetsStart of year $368,186$413,094
X-17 Accounts payable and accrued expensesStart of year $8,884$27,426
X-26 Total liabilitiesStart of year $8,884$27,426
X-27 Net assets without donor restrictionsStart of year $359,302$385,668
X-32 Total net assets or fund balancesStart of year $359,302$385,668
X-33 Total liabilities and net assetsStart of year $368,186$413,094
Part XI · Reconciliation of net assets $385,668 net assets at year end
XI-1 Total revenue$147,840
XI-2 Total expenses$141,609
XI-3 Revenue less expenses$6,231
XI-4 Net assets at start of year$359,302
XI-5 Net unrealized gains (losses) on investments$20,135
XI-10 Net assets at end of year$385,668

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

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