Sisters Of Charity Foundation Of South Carolina
- Assets
- $112.9m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 01/1981
- Data as of
- 12/2021
- EIN
- 57-0708391
Organization Overview
Sisters Of Charity Foundation Of South Carolina is located in Cleveland, OH. The organization was established in 1981. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sisters Of Charity Foundation Of South Carolina 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, Sisters Of Charity Foundation Of South Carolina generated $3.7m 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 (6.5%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sisters Of Charity Foundation Of South Carolina has awarded 425 individual grants totaling $12,059,137. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND FURTHER THE MISSION AND MINISTRY OF THE SISTERS OF CHARITY OF ST. AUGUSTINE BY ADDRESSING THE NEEDS OF THE POOR AND UNDER SERVED THROUGH PROGRAMS THAT PROMOTE HEALTH, EDUCATION, AND SOCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SISTERS OF CHARITY FOUNDATION OF SOUTH CAROLINA IS A FAITH-BASED ORGANIZATION DEEPLY ROOTED IN THE PRINCIPLES OF THE GOSPEL AND THE TRADITIONS OF THE CATHOLIC CHURCH. AS A MINISTRY OF THE SISTERS OF CHARITY HEALTH SYSTEM THE FOUNDATION IS COMMITTED TO ADDRESSING THE CAUSE AND EFFECTS OF POVERTY IN SOUTH CAROLINA. THE FOUNDATION IS DEDICATED TO EFFORTS WHICH HELP BUILD A SUSTAINABLE HEALTHY ECONOMY, PROMOTE EDUCATIONAL SUCCESS, SUPPORT STRONGER FAMILIES, CONTRIBUTE TO LONG-TERM COMMUNITY DEVELOPMENT, AND TO THE MEASUREMENT OF THE EFFECTS OF THESE EFFORTS.
THE SISTERS OF CHARITY FOUNDATION OF SOUTH CAROLINA PROVIDES GRANT FUNDING THROUGH AN APPLICATION PROCESS TO NONPROFIT ORGANIZATIONS THAT DO ONE OR MORE OF THE FOLLOWING FOR PEOPLE EXPERIENCING POVERTY IN THE STATE: MEET IMMEDIATE NEEDS, BREAK THE CYCLE OF POVERTY, AND/OR MAKE CHANGE AT A SYSTEM LEVEL. THE ORGANIZATIONS THAT RECEIVE GRANT FUNDING WORK IN THE AREAS OF HEALTH, EDUCATION, AND SOCIAL SERVICES.
TO HELP MEET ITS MISSION, THE SISTERS OF CHARITY FOUNDATION OF SOUTH CAROLINA IS COMMITTED TO THE FOLLOWING PROGRAMMATIC ACTIVITIES: CONDUCTING AND/OR COMMISSIONING RESEARCH THAT RELATES TO THE CAUSES AND CONSEQUENCES OF POVERTY; PLAN FOR AND EXECUTE ADVOCACY ACTIVITIES THAT SUPPORT LOCAL, STATE, AND FEDERAL POLICY CHANGE THAT WILL REMOVE BARRIERS FOR PEOPLE EXPERIENCING POVERTY; CONDUCT LEARNING OPPORTUNITIES BOTH INTERNALLY AND EXTERNALLY IN THE AREA OF DIVERSITY, EQUITY, AND INCLUSION TO UNDERSTAND THE HISTORICAL AND SYSTEMIC CAUSES OF POVERTY AND HOW TO BREAK THROUGH BARRIERS IN THE FUTURE; PROVIDE CAPACITY BUILDING AND TECHNICAL SUPPORT FOR GRANTEE PARTNERS; AND CONVENE STAKEHOLDERS ACROSS ALL SECTORS TO COLLABORATE TO REDUCE POVERTY IN SOUTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Murrell Secretary | OfficerTrustee | 1 | $0 |
T Mitchell Watson Vice Chair | OfficerTrustee | 1 | $0 |
J Anderson Folsom Chair | OfficerTrustee | 1 | $0 |
Gerald Smalls Treasurer | OfficerTrustee | 1 | $0 |
Thomas Keith President | Officer | 40 | $0 |
Donna Waites V P Of Programs | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,745 |
| Total Program Service Revenue | $0 |
| Investment income | $891,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,759,149 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,663,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,701,583 |
| 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. | $358,580 |
| Compensation of current officers, directors, key employees. | $63,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $390,961 |
| Pension plan accruals and contributions | $56,385 |
| Other employee benefits | $87,522 |
| Payroll taxes | $48,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,112 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $382,030 |
| Fees for services: Other | $58,937 |
| Advertising and promotion | $0 |
| Office expenses | $11,660 |
| Information technology | $34,401 |
| Royalties | $0 |
| Occupancy | $68,655 |
| Travel | $3,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,708 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,241 |
| Insurance | $2,931 |
| All other expenses | $39,131 |
| Total functional expenses | $4,711,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $211,831 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,768 |
| 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 | $17,189 |
| Net Land, buildings, and equipment | $21,033 |
| Investments—publicly traded securities | $112,646,596 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $112,898,417 |
| Accounts payable and accrued expenses | $151,509 |
| 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 | $151,509 |
| Net assets without donor restrictions | $112,746,908 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $112,898,417 |
Grants Awarded
Over the last fiscal year, Sisters Of Charity Foundation Of South Carolina has awarded $2,161,083 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: Social Services | $300,000 |
Cleveland, OH PURPOSE: Health | $150,000 |
UNIVERSITY OF SOUTH CAROLINA PURPOSE: Health | $75,000 |
Columbia, SC PURPOSE: Education | $67,500 |
Greenville, SC PURPOSE: Education | $54,083 |
Columbia, SC PURPOSE: Social Services | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sisters Of Charity Foundation Of South Carolina has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Sisters Of Charity Foundation Of Cleveland Cleveland, OH PURPOSE: Social Service | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |