Humanities Foundation Inc

Organization Overview

Humanities Foundation Inc is located in Mount Pleasant, SC. The organization was established in 1992. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Humanities Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Humanities Foundation Inc 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, Humanities Foundation Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO DEVELOP THE HIGHEST QUALITY AFFORDABLE AND WORKFORCE HOUSING POSSIBLE WHILE ENHANCING THE LIVES OF OUR RESIDENTS AND IMPROVING THE COMMUNITIES IN WHICH WE DEVELOP THROUGH AFFORDABILITY, EDUCATION AND ADVOCACY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AFFORDABLE HOUSING PROGRAM: AS A NONPROFIT DEVELOPER, THE HUMANITIES FOUNDATION HAS AN IMPORTANT ROLE OF FACILITATING AFFORDABLE HOUSING PROJECTS FROM CONCEPTION TO COMPLETION. THE HUMANITIES FOUNDATION CAN SERVE IN VARIOUS ROLES FROM GENERAL PARTNER AND MANAGING MEMBER TO DEVELOPER IN ORDER TO ACCESS FUNDS AVAILABLE ONLY TO NONPROFIT ENTITIES. THE HUMANITIES FOUNDATION PROVIDES FINANCING TO PROJECTS AND WORKS WITH CONSTRUCTION PROFESSIONALS INCLUDING ENGINEERS, ARCHITECTS, AND BUILDERS TO CONSTRUCT AFFORDABLE HOUSING DEVELOPMENTS. ONCE CONSTRUCTION IS COMPLETE, THE HUMANITIES FOUNDATION IDENTIFIES AND CONTRACTS WITH PROFESSIONAL MANAGEMENT COMPANIES TO MARKET, LEASE AND MAINTAIN THE PROPERTY. (CONTINUED AT SCHEDULE O)


PREDEVELOPMENT AND DEVELOPMENT: THESE SERVICES HELP IDENTIFY NEW AFFORDABLE HOUSING OPPORTUNITIES AND THE FEASIBILITY OF DEVELOPMENT TO SERVE LOW-INCOME FAMILIES OR SENIORS. FURTHER, THE HUMANITIES FOUNDATION, WORKING WITH ITS PARTNERS, SEEKS TO DEVELOP SITES THAT QUALIFY FOR LOW-INCOME HOUSING TAX CREDITS (LIHTC). THE FOUNDATION HAS LEVERAGED COMMUNITY DEVELOPMENT BLOCK GRANTS (CDBG), HOME, FEDERAL HOME LOAN BANK FUNDS, LOWCOUNTRY HOUSING TRUST AND OTHER GRANT SOURCES TO DEVELOP OVER 2,100 AFFORDABLE HOUSING UNITS IN SOUTH CAROLINA, GEORGIA, LOUISIANA AND VIRGINIA.


SHELTERNET PROJECT: HUMANITIES FOUNDATION'S SHELTERNET PROGRAM HELPS FAMILIES AND INDIVIDUALS WHO HAVE SUFFERED A CRISIS OR SETBACK BY PROVIDING EMERGENCY FINANCIAL ASSISTANCE TO ENABLE THEM TO STAY IN THEIR HOMES OR TO PREVENT THE LOSS OF ESSENTIAL UTILITY SERVICES SUCH AS GAS, ELECTRICITY OR WATER. THE RECIPIENTS HAVE INCOMES BELOW 50% OF AREA MEDIAN INCOME. SHELTERNET'S OVERHEAD COSTS ARE COVERED BY THE FOUNDATION'S OPERATING FUNDS . MORE THAN 50,000 INDIVIDUALS HAVE BEEN ASSISTED SINCE THE INCEPTION OF THIS PROGRAM.


RESIDENT SERVICES AND MARKETPLACE FOOD PROGRAM: THE HUMANITIES FOUNDATION'S MARKETPLACE PROGRAM DELIVERS FOOD TO APARTMENT RESIDENTS, COMMUNITY DISTRIBUTIONS AND FOOD DESERTS WITH THE HELP OF STRATEGIC PARTNERSHIPS WITH LOCAL CHURCHES, SCHOOL DISTRICTS, FOOD PANTRIES AND COMMUNITY ORGANIZATIONS. THE PROGRAM HAS SIX REFRIGERATED CARGO VANS AND STAFF MEMBERS WHO COORDINATE FOOD DELIVERY AND VOLUNTEER EFFORTS. MORE THAN 5.1 MILLION LBS. OF FRESH FOOD HAVE BEEN DELIVERED SINCE THE INCEPTION OF THE PROGRAM IN 2014. ONE POUND OF FOOD IS EQUIVALENT TO ONE MEAL. ADDITIONALLY, THE HUMANITIES FOUNDATION HAS CREATED AND IS CURRENTLY EXPANDING ITS TELEMEDICINE PROGRAM. LACK OF TRANSPORTATION IS OFTEN A BARRIER TO REGULAR CHRONIC DISEASE MONITORING AND PREVENTION RESOURCES. HUMANITIES FOUNDATION'S LOW-INCOME SENIORS ARE ABLE TO UTILIZE THE TELEMEDICINE VIDEO SERVICES TO CONNECT WITH THEIR HEALTH CARE PROVIDERS WITHOUT LEAVING THEIR HOMES. WITH THE HUMANITIES FOUNDATION'S TRANSPORTATION SERVICES, RESIDENTS ENJOY ACCESS TO MANY COMMUNITY EVENTS, HEALTH FAIRS, EDUCATIONAL PROGRAMS AND SHOPPING TRIPS WITH THEIR NEIGHBORS. THE HUMANITIES FOUNDATION OFFERS AFTER SCHOOL AND SUMMER PROGRAMS WITH A DIVERSE ARRAY OF ACTIVITIES, SUCH AS EDUCATIONAL TOURS, ARTS AND CRAFTS, SPORTS AND RECREATION, ENTREPRENEURSHIP, TECHNOLOGY AND MENTORING. THESE YOUTH-FOCUSED PROGRAMS WERE ESTABLISHED IN RESPONSE TO THE MERCILESS ACTS IN 2015 AT THE MOTHER EMANUEL AME CHURCH IN CHARLESTON, SC AND IS DEDICATED IN MEMORY OF REVEREND CLEMENTA PINCKNEY. REV. PINCKNEY, A MEMBER OF THE SOUTH CAROLINA SENATE, REPRESENTING THE 45TH DISTRICT, WAS A STRONG SUPPORTER OF EDUCATION AND YOUTH DEVELOPMENT. SINCE MARCH 2020, IN RESPONSE TO THE COVID-19 PANDEMIC, THE HUMANITIES FOUNDATION HAS INCREASED RESIDENT SERVICE AND COMMUNITY OUTREACH EFFORTS BY ASSISTING MORE THAN 500 FAMILIES WITH EMERGENCY FINANCIAL ASSISTANCE AS WELL AS CONTINUED ACCESS TO UTILITY SERVICES TO HELP FOREGO DISCONNECTION OR EVICTION DURING THE PANDEMIC. THE MARKETPLACE FOOD PANTRY PROGRAM HAS DISTRIBUTED MORE THAN 3 MILLION MEALS TO RESIDENTS AND THE COMMUNITY BY SPONSORING OVER 350 CURBSIDE FOOD DISTRIBUTIONS. THE HUMANITIES FOUNDATION HAS ALSO ASSISTED RESIDENTS IN COMMUNITY OUTREACH BY PROVIDING INFORMATION ON VIRTUAL HEALTHCARE OPTIONS, FINANCIAL ASSISTANCE, AND ACCESS TO TELECOMMUNICATIONS FOR VIRTUAL LEARNING.


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Board, Officers & Key Employees

Name (title)Compensation
Cheryl Ferraro
Sec/treasure
$163,607
Julie Davis
COO
$152,570
Kirk Williams
Director Of
$106,700
Tracy T Doran
President
$87,655
Greg Brooks
Assist. Secr
$0
Patti Randinelli
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jdc Residential Llc
Realestate Cons
$292,782
Graybill Lansche Vinzani Llc
Legal Realest.
$231,342
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $610,599
All other contributions, gifts, grants, and similar amounts not included above$176,107
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$786,706
Total Program Service Revenue$1,584,911
Investment income $1,452,638
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 $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,824,255

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Humanities Foundation Inc has recieved totaling $1,260,238.

Awarding OrganizationAmount
Lowcountry Food Bank Inc

Charleston, SC

PURPOSE: DISTRIBUTION OF FOOD AND GROCERY PRODUCTS

$1,249,738
Coastal Community Foundation Of South Carolina Inc

N Charleston, SC

PURPOSE: NEIGHBORHOOD & COMMUNITY DEV. GRANT

$10,500
View Grant Recipient Profile

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