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Soapstone Preservation Endowment INC

Tax-deductible

Marietta, SC501(c)(3)Since 2022Arts & CultureEIN 92-0309884Revenue $518K in FY2025

On file with the IRSsoapstonepe.orgPo Box 454, 29661-0454 · Marietta, SCTax-exempt since Dec 2022Publicly supported charity — 170(b)(1)(A)(vi)

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Protect and promote the history and legacy of the liberia community and Soapstone baptist church founded by freed slaves in 1965

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · 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
2 of 2
filings with a surplus
Average surplus $435K a year · 96% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
52 mo
of spending, in cash
Looks good: 52.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $274K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$518K
+34% vs prior year
Spent
$28K
To programs
94%
Net assets
$1.1M
By yearFY2024–FY2025
Revenue
$518K
FY2025▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2024$387K
FY2025$518K
Expenses
$28K
FY2025▲ +307%
Tap a bar for its year
Expenses by fiscal year
FY2024$7K
FY2025$28K
Net assets
$1.1M
FY2025▲ +97%
Tap a bar for its year
Net assets by fiscal year
FY2024$544K
FY2025$1.1M

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2022.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $26K Management & general 6% · $2K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Peggy Baxter
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Wes Brashier
Director
$0Pt VII · Sec A
Carlton N Owen
Chairmanpresident
$0Pt VII · Sec A
Andrew Douglas
Secretarytreasurer
$0Pt VII · Sec A
See Soapstone Preservation Endowment INC 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 promotes the history and legacy of the Liberia community and Soapstone Baptist Church.

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Provided by the organization

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1 program · $26K · in their own filed words · FY2025
01

Completed rehabilitation of historic one-room school

$26Kprogram expense

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
National Trust for Historic Preservation in the United StatesFY2024$250K
Fidelity Investments Charitable Gift FundFY2024$13K
Community Foundation of Greenville INCFY2024$6K
Donor Advised Charitable Giving INCFY2024$5K
Total grants receivedfrom 4 funders$274K
See all 4 funders →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$518K
Ln 12
Gifts and grantsLn 1h$491K
Investment incomeLn 3$27K
Money outPt IX
$28K
Ln 25
Programscol B$26K
Managementcol C$2K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$122K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$491K
Investment incomeLn 3$27K
Gains on assetsLn 7$2K
Total revenueLn 12$518K
Assets in detailPt X, end of year
CashLn 1$64K
SavingsLn 2$58K
Cash and savings togetherLn 1–2$122K
InvestmentsLn 11–13$949K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$499K$122K
InvestmentsLn 11–13$45K$949K
Total assetsLn 16$544K$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$544K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$950$950
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$78$78
Information technologyLn 14$350$350
InsuranceLn 23$4K$4K$470
Other expenses (24a–d)Ln 24$14K$13K$50
Total functional expensesLn 25$28K$26K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $518K$28K$490K$1.1M 990 PDF
FY2024 $387K$7K$380K$544K 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 FY2025 990 (6 parts)
Part I · Summary $518,269 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $378,215$491,052
I-9 Program service revenue$0
I-10 Investment incomePrior year $8,528$27,217
I-11 Other revenue$0
I-12 Total revenuePrior year $386,743$518,269
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,853$27,893
I-18 Total expensesPrior year $6,853$27,893
I-19 Revenue less expensesPrior year $379,890$490,376
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $518,269 across 6 lines filed
VIII-1f All other contributions, gifts and grants$491,052
VIII-1h Total contributions, gifts and grants$491,052
VIII-3 Investment incomeExcluded from tax $24,788$24,788
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,429$2,429
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $27,217$518,269
Part IX · Statement of functional expenses $27,893 across 6 lines filed
IX-11c Accounting feesManagement $950$950
IX-12 Advertising and promotionPrograms $8,754$8,754
IX-13 Office expensesManagement $78$78
IX-14 Information technologyPrograms $350$350
IX-23 InsurancePrograms $3,786 · Management $470$4,256
IX-24 Other expenses (24a–d)Programs $13,455 · Management $50$13,505
IX-25 Total functional expensesPrograms $26,345 · Management $1,548 · Fundraising $0$27,893
Part X · Balance sheet $1,071,053 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $9,819$63,942
X-2 Savings and temporary cash investmentsStart of year $488,728$57,615
X-11 Publicly traded securitiesStart of year $45,091$949,496
X-16 Total assetsStart of year $543,638$1,071,053
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $9,819$63,942
X-28 Net assets with donor restrictionsStart of year $533,819$1,007,111
X-32 Total net assets or fund balancesStart of year $543,638$1,071,053
X-33 Total liabilities and net assetsStart of year $543,638$1,071,053
Part XI · Reconciliation of net assets $1,071,053 net assets at year end
XI-1 Total revenue$518,269
XI-2 Total expenses$27,893
XI-3 Revenue less expenses$490,376
XI-4 Net assets at start of year$543,638
XI-5 Net unrealized gains (losses) on investments$37,039
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,071,053

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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