Lowcountry Food Bank Endowment Fund
- Assets
- $1.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- Data as of
- 12/2021
- 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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
2021 WAS THE FOUNDATION'S INITIAL YEAR OF FUNDING AND FIRST YEAR OF BOARD MEETINGS AND ORGANIZATION ACTIVITIES.
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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 |
Tyler Condon Director | Trustee | 1 | $0 |
Monifa Ellington Director | Trustee | 1 | $0 |
Aaron Brewer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,064,211 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,546 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,111,757 |
| Total Program Service Revenue | $0 |
| Investment income | $63 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$137 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,111,683 |
| 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. | $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 | $669 |
| 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 | $35 |
| Advertising and promotion | $2,006 |
| Office expenses | $2,060 |
| Information technology | $22,526 |
| 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 | $284 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $698 |
| All other expenses | $0 |
| Total functional expenses | $28,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,980 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,423 |
| 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 | $1,027,523 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,110,926 |
| 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 | $1,110,926 |
| Total liabilities and net assets/fund balances | $1,110,926 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Acfb Support Organization Inc Atlanta, GA | $40,862,639 | $446,458 |
The Abac Advancement Foundation Inc Tifton, GA | $49,295 | $385,690 |
Lowcountry Food Bank Endowment Fund Charleston, SC | $1,110,926 | $1,111,683 |
Three Magnolias Family Foundation Inc Chattahoochee Hill, GA | $731,072 | $735,073 |
Food Forever Fund Inc Augusta, GA | $2,872,067 | $1,364,153 |
Friends Of The Agri-Civic Center Albemarle, NC | $72,372 | $0 |