Abvi Foundation EIN 99-1281849

Abvi Foundation

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Raises funds and seeks grants to support programs for the blind and visually impaired. For fiscal year 2025 it reported $494K in revenue, $723K in expenses, and $5.8M in net assets.Pt I

Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Charleston, SC
Filings
2 on file (2024–2025)
Revenue
$494KFY2025
Expenses
$723K
Net assets
$5.8M
People
6
Filings
2
Updates
0
More identity details & actions ⌄
EIN  99-1281849 Public charity (501(c)(3)) Charleston, SC
Form 990 (PDF)
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Size
$100K–1M
What they do
Raises funds and seeks grants to support programs for the blind and visually impaired.
Leadership
Money in and out
$494K revenue, $723K expenses
Bottom line
100% program efficiency
Where the money goes · FY2025
Total revenue
$494K
Pt VIII · Ln 12
Total expenses
$723K
Pt IX · Ln 25
Net assets
$5.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$229K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
96.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-46%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total revenue
$494K
Pt VIII · Ln 12
Total expenses
$723K
Pt IX · Ln 25
Net assets
$5.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$229K
Total assetsPt X · Ln 16$5.8M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $723K of program spending, described in the organization's own filed words · FY2024.
01

To provide fundraising and the pursuit of grants, funds, and support for the activities and programs of abvisc (association for the blind and visually impaired south carolina), a south carolina nonprofit corporation.

$723Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAbvi Foundation
EINHdr · item D99-1281849
Principal addressHdr · item CCharleston, SC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G41)
Ruling yearIRS BMFNov 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Abvi Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$428K · 87%
Contributions & grants$66K · 13%
Investment income87%$428K
Contributions & grants13%$66K
Total revenueLn 12$494K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$723K
Total functional expensesLn 25$723K

Balance Sheet

Part X · end of year
CashLn 1$603K
Total assetsLn 16$5.8M
Total liabilitiesLn 26$0
Total net assetsLn 32$5.8M
Months of cash on handcomputed10.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.8M · Operating expenses/yr $723K
96.5 months
Where the money goes
Program services
Program services $723K · Total expenses $723K
100%
Management & General
Management & general $0 · Total expenses $723K
0%
Fundraising
Fundraising $0 · Total expenses $723K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $66K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $66K · Total revenue $494K
13%
Government reliance
Government grants — · Total revenue $494K
Earned-income share
Program service revenue $0 · Total revenue $494K
0%
Investment reliance
Investment income $428K · Total revenue $494K
+87%
Program self-sufficiency
Program service revenue $0 · Total expenses $723K
0%
Growth & trend
Revenue growth (YoY)
This year $494K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $5.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $494K · Expenses $723K
-46%
Liabilities-to-Assets
Total liabilities — · Total assets $5.8M
Net-asset ratio
Net assets $5.8M · Total assets $5.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.8M
90%
People & payroll
Highest Reported Total Compensation
Individual Samuel Clawson JR · Reported title CHAIR · Highest reported compensation $0 · Total expenses $723K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $723K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%

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.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $723K · 2024–2024
AbviscSC · FY2024$722,746

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$494K revenue · viewing · ⤓ 990 PDF
FY2024— revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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