Lowcountry Foundation For Wounded Military Heros
- Assets
- $71.6k
- Revenue
- $240.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bluffton, SC
- Founding
- 10/2011
- Data as of
- 12/2021
- EIN
- 35-2381056
Organization Overview
Lowcountry Foundation For Wounded Military Heros is located in Bluffton, SC. The organization was established in 2011. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowcountry Foundation For Wounded Military Heros is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lowcountry Foundation For Wounded Military Heros generated $240.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $241.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO DISTRIBUTE TO CHARITABLE ORGANIZATIONS RECOGNIZED UNDER 501 (C)(3), LIKE PGA TOUR CHARITIES, INC. FOCUSING ON WOUNDED MILITARY HEROES FROM POST 9/11 WARS AND FROM ALL BRANCHES OF THE US MILITARY TO ASSIST THEM AND THEIR FAMILIES AS THEY ASSIMILATE BACK INTO ACTIVE DUTY OR INTO THE CIVILIAN POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LFWMH RAISES FUNDS VIA ANNUAL GOLF TOURNAMENT REGISTRATION FEES, SPONSORSHIPS, DONATIONS FROM BUSINESSES AND INDIVIDUALS, AUCTION ITEM SALES, AND RAFFLE TICKET SALES.
LFWMH RAISES FUNDS VIA ANNUAL GOLF TOURNAMENT REGISTRATION FEES, SPONSORSHIPS, DONATIONS FROM BUSINESSES AND INDIVIDUALS, AUCTION ITEM SALES, AND RAFFLE TICKET SALES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russ Spicer Ceo, Director | OfficerTrustee | 20 | $0 |
Pete Doukas Chief Solicitor, Director | OfficerTrustee | 15 | $0 |
George Ragland Secretary, Director | OfficerTrustee | 10 | $0 |
Alan Prenoveau Cfo, Director | OfficerTrustee | 15 | $0 |
Doug Myers Director At Large | Trustee | 5 | $0 |
Ed Giannelli Director At Large | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $231,787 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,787 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $8,219 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $240,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $185,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $380 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,059 |
| All other expenses | $8,493 |
| Total functional expenses | $241,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,598 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $71,598 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $71,598 |
| Total liabilities and net assets/fund balances | $71,598 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lowcountry Foundation For Wounded Military Heros has recieved totaling $17,547.
| Awarding Organization | Amount |
|---|---|
Maurice And Arlene Reese Foundation Milwaukee, WI PURPOSE: GENERAL OPERATING | $10,000 |
Rochester Area Community Foundation Rochester, NY PURPOSE: FOR GENERAL SUPPORT | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $47 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Greater Charlotte Cultural Trust Charlotte, NC | $173,742,321 | $2,357,736 |
Etv Endowment Of South Carolina Inc Spartanburg, SC | $31,848,009 | $11,204,274 |
Gwinnett Championship Foundation Inc Duluth, GA | $476,337 | $4,123,025 |
Cobb Community Foundation Inc Atlanta, GA | $18,425,025 | $3,579,591 |
Gaillard Performance Hall Foundation Charleston, SC | $7,942,999 | $750,731 |
William R Kenan Jr Fund For The Arts Chapel Hill, NC | $30,178,263 | $1,461,510 |
Fuquay-Varina Arts Foundation Inc Fuquayvarina, NC | $0 | $383,560 |
Grsp Foundation Savannah, GA | $15,605,177 | $1,060,324 |
The Museum Association Inc Greenville, SC | $826,062 | $492,924 |
Friends With Benefits Fund Augusta, GA | $3,687 | $377,157 |
Lambert Allied Stampede Support Organization Cumming, GA | $25,630 | $357,814 |
Foundation For The Mint Museum Charlotte, NC | $17,249,448 | $2,001,692 |