Friends Of The Hunley Inc
- Assets
- $1.5m
- Revenue
- $893.5k
- Investments
- $0.0
- Employees
- 0
- Location
- North Charleston, SC
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 58-2345821
Organization Overview
Friends Of The Hunley Inc is located in North Charleston, SC. The organization was established in 1998. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Friends Of The Hunley 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, Friends Of The Hunley Inc generated $893.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $893.5k during the year ending 12/2021. While expenses have increased by 2.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RECOVER, RESTORE AND SUPPORT THE PRESERVATION AND EDUCATION FOR THE CONFEDERATE SUBMARINE THE H.L.HUNLEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF THE HUNLEY, INC. (FOTH) PROCURES DONATIONS AND RAISES FUNDS TO SUPPORT THE CONSERVATION AND DISPLAY OF THE CIVIL WAR SUBMARINE, H.L. HUNLEY, AND ITS ASSOCIATED ARTIFACTS. FOTH MANAGES PUBLIC TOURS OF THE SUBMARINE, GIVEN BY VOLUNTEERS. THE TOURS ARE EDUCATIONAL AND PROVIDE THE HISTORY OF THE SUBMARINE, THE TECHNOLOGY EMPLOYED FOR ITSSUCCESS, AND THE SCIENCE OF ITS CONSERVATION. FOTH ALSO MANAGES HUNLEY-RELATED MERCHANDISE SALES VIA A PHYSICAL STORE AND AN ON-LINE WEB STORE. FOTH OFFERS A MEMBERSHIP PROGRAM WHICH GENERATES REVENUE AS WELL AS PROVIDES KNOWLEDGE ABOUT THE SUBMARINE THROUGH A NEWSLETTER AND ACCESS TO SPECIAL FEATURES ON FOTH WEBSITE BUT DOES NOT PROVIDE ANY ADDITIONAL BENEFITS AS MEMBERS. ALL PROCEEDS FROM TOURS, MERCHANDISE SALES, AND MEMBERSHIPS ARE USED TO CONSERVE AND DISPLAY THE SUBMARINE AND ARTIFACTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kellen Butler President/executive Direct | Officer | 40 | $101,639 |
Vdarlene Russo Vice President/ Treas | Officer | 30 | $61,413 |
John Hazzard Secretary | Officer | 5 | $18,851 |
Elaine Peery Board Member | Trustee | 1 | $0 |
Lewis Gossett Board Member | Trustee | 1 | $0 |
Kenneth Riley Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spring Strategies Pub Relation, Media | 12/30/21 | $153,600 |
Sc Dept Of History And Archives Leased Specialized Personnel | 12/30/21 | $333,401 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $121,824 |
| All other contributions, gifts, grants, and similar amounts not included above | $408,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $530,160 |
| Total Program Service Revenue | $314,155 |
| Investment income | $2,240 |
| 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 | $46,981 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $893,536 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $236,526 |
| Compensation of current officers, directors, key employees. | $96,760 |
| 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 | $49,994 |
| Fees for services: Legal | $8,027 |
| Fees for services: Accounting | $8,971 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $47,580 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,404 |
| Office expenses | $65,312 |
| Information technology | $5,802 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,138 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,145 |
| Insurance | $11,140 |
| All other expenses | $15,035 |
| Total functional expenses | $893,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $551,322 |
| Savings and temporary cash investments | $497,906 |
| 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 | $56,918 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $357,479 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,463,625 |
| 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 | $827,430 |
| Total liabilities | $827,430 |
| Net assets without donor restrictions | $611,315 |
| Net assets with donor restrictions | $24,880 |
| 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 | $1,463,625 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Hunley Inc has recieved totaling $54.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $54 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Arts Inc Atlanta, GA | $7,711,292 | $5,611,811 |
Acorn Center For Restoration And Freedom Inc Covington, GA | $134,681 | $1,087,049 |
South Fulton Institute Inc Atlanta, GA | $1,909,108 | $891,815 |
Destination Cleveland County Inc Shelby, NC | $7,052,846 | $848,896 |
Friends Of The Hunley Inc North Charleston, SC | $1,463,625 | $893,536 |
Cool Spring Downtown District Inc Fayetteville, NC | $404,618 | $773,790 |
The Arts Council Of Moore County Inc Southern Pines, NC | $756,104 | $891,925 |
Asheville Creative Arts Inc Black Mountain, NC | $182,317 | $635,666 |
Dreams Of Wilmington Inc Wilmington, NC | $2,100,787 | $525,967 |
Handweavers Guild Of America Inc Atlanta, GA | $1,090,447 | $477,241 |
Arts For Life Asheville, NC | $554,229 | $771,336 |
Eastern Woodland Lacrosse Mebane, NC | $70,032 | $458,005 |