Lowcountry Food Bank Endowment Fund
- Assets
- $1.2m
- Revenue
- $219.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- Data as of
- 12/2022
- EIN
- 86-1286512
Organization Overview
Lowcountry Food Bank Endowment Fund is located in Charleston, SC. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowcountry Food Bank Endowment Fund 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 12/2022, Lowcountry Food Bank Endowment Fund generated $219.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (55.6%) each year. All expenses for the organization totaled $22.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LOWCOUNTRY FOOD BANK ENDOWMENT FUND IS TO SUPPORT THE LOWCOUNTRY FOOD BANK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022 THE ORGANIZATION DISTRIBUTED $8,547 TO SUPPORT THE LOWCOUNTRY FOOD BANK. THE ORGANIZATION WORKS DIRECTLY WITH THE FOOD BANK TO DISCUSS NEEDS AND EVALUATE AVAILABLE FUNDING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Walker Chair/director | OfficerTrustee | 6 | $0 |
Tom Jeffries Vice Chair/treasurer/director | OfficerTrustee | 2 | $0 |
Sue Reynolds Secretary/director | OfficerTrustee | 2 | $0 |
Aaron Brewer Director | Trustee | 1 | $0 |
Tyler Condon Director | Trustee | 1 | $0 |
Monifa Ellington Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $242,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,046 |
| Total Program Service Revenue | $0 |
| Investment income | $21,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43,733 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $219,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,547 |
| 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 | $52 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,624 |
| Fees for services: Other | $45 |
| Advertising and promotion | $638 |
| Office expenses | $581 |
| Information technology | $649 |
| 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 | $701 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $698 |
| All other expenses | $0 |
| Total functional expenses | $22,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,139 |
| 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 | $1,104,410 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,193,549 |
| Accounts payable and accrued expenses | $128 |
| 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 | $128 |
| 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 | $1,193,421 |
| Total liabilities and net assets/fund balances | $1,193,549 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Acfb Support Organization Inc Atlanta, GA | $40,862,639 | $446,458 |
Acfb Charitable Investments Inc Atlanta, GA | $88,248,740 | $11,882,927 |
Shfbnwnc Headquarters Inc Winston Salem, NC | $24,140,367 | $0 |
The Abac Advancement Foundation Inc Tifton, GA | $54,164 | $553,049 |
Three Magnolias Family Foundation Inc Chattahoochee Hill, GA | $126,982 | $20,247 |
Food Forever Fund Inc Augusta, GA | $2,791,976 | $522,394 |
Lowcountry Food Bank Endowment Fund Charleston, SC | $1,193,549 | $219,511 |
Friends Of The Agri-Civic Center Albemarle, NC | $193,367 | $0 |
Americas Second Harvest Of Coastal Georgia Support Corporation Savannah, GA | $0 | $0 |