South Carolina Maritime Heritage Foundation in Charleston, South Carolina (SC)
Table of contents:
| South Carolina Maritime Heritage Foundation | |
| Employer Identification Number (EIN) | 571105354 |
| Name of Organization | South Carolina Maritime Heritage Foundation |
| Address | PO BOX 22405, Charleston, SC 29413-2405 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,837,851 |
| Amount of Income | $1,508,207 |
| Form 990 Revenue Amount | $1,111,942 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: History Museums |
Non-representatives - add comments:
Amount of income in 2010: $1,508,207 (it was $2,099,874 in 2009)
| This organization: | $1,508,207 |
| Other organizations performing similar types of work: | $42,230 |
Assets in 2010: $3,837,851 (it was $4,356,860 in 2009)
| This organization: | $3,837,851 |
| Other organizations performing similar types of work: | $110,927 |
Expenses in 2010: $1,575,281
| South Carolina Maritime Heritage Foundation: | $1,575,281 |
| Other organizations performing similar types of work: | $32,454 |
Income to expenses ratio in 2010: 1.0
| South Carolina Maritime Heritage Foundation: | 1.0 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2010: 77.4%
| South Carolina Maritime Heritage Foundation: | 77.4% |
| Other organizations performing similar types of work: | 27.1% |
Revenue for 2010
Functional expenses for 2010
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2010) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2010) | |
| Total revenue | $1,111,942 |
| Contributions, Gifts, Grants and Other Similar Amounts | $860,622 |
| Program Service Revenue | $316,733 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $3 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $7,200 |
| Gross rents (Real / Personal) | $7,200 / $0 |
| Less: rental expenses (Real / Personal) | $0 / $0 |
| Rental income or (loss) (Real / Personal) | $7,200 / $0 |
| Net loss from sales of assets other than inventory | $-106,413 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $0 / $191,700 |
| Less: cost or other basis and sales expenses (Securities / Other) | $0 / $298,113 |
| Gain or (loss) (Securities / Other) | $0 / $-106,413 |
| Net income from fundraising events | $31,283 |
| Gross income from fundraising events | $108,391 |
| Less: direct expenses | $77,108 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Gross sales of inventory, less returns and allowances | $21,044 |
| Less: cost of goods sold | $21,044 |
| Miscellaneous Revenue | $2,514 |
| Statement of Functional Expenses (for 2010) | |
| Total functional expenses | $1,575,281 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $502,367 |
| Payroll taxes | $45,942 |
| Professional fundraising services | $0 |
| Other | $1,026,972 |
| Balance Sheet (for 2010) | |
| Total assets | $3,837,851 |
| Total liabilities | $2,360,619 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $2,090,000 |
| Unsecured notes and loans payable to unrelated third parties | $95,909 |
| Other | $174,710 |
| Total net assets or fund balances | $1,477,232 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2010) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010) | |
| 2006 - 2010 Total | |
|---|---|
| Total support | $9,365,824 |
| Gifts, grants, contributions, and membership fees received | $6,662,133 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $2,703,688 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $3 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | South Carolina Maritime Heritage Foundation | PO BOX 22405, Charleston, SC 29413-2405 | SC | 2004-02 | $1,508,207 |
| 2 | Uss Yorktown Foundation | 40 Patriots Point Rd, Mt Pleasant, SC 29464-4377 | SC | 2014-08 | $166,675 |
| 3 | Martha W Daniels Foundation Inc | PO BOX 428, Camden, SC 29021-0428 | SC | 2011-03 | $142,508 |
| 4 | Center For African American History Art And Culture | 353 Laurens St Nw, Aiken, SC 29801-3913 | SC | 2012-02 | $72,061 |
| 5 | Greenville Chapter National Railway Historical Society Inc, Hub City Railroad Museum | 2123 Old Spartanburg Road Suite 12, Greer, SC 29650 | SC | 2013-12 | $7,204 |
| 6 | Newberry County Museum & Historical Society | Po Box 186, Newberry, SC 29108 | SC | 2007-09 | $6,708 |
| 7 | Daniel Island Historical Society | 1036 Barfield St, Daniel Island, SC 29492-7583 | SC | 2014-05 | $6,397 |
| 8 | S C Athletic Hall Of Fame Museum | PO BOX 18303, Spartanburg, SC 29318-8303 | SC | 2003-07 | $1,342 |
| 9 | Charleston County Civil Rights Muse | P O Box 21954, Charleston, SC 29413 | SC | 2007-01 | $0 |
| 10 | Cokesbury Historical & Recreational Commission | Po Box 206, Hodges, SC 29653 | SC | 2003-07 | $0 |
| 11 | Easley Area Museum Inc | Po Box 205, Easley, SC 29641 | SC | 2014-11 | $0 |
| 12 | French Quarter Improvement Association Inc | PO BOX 660, Charleston, SC 29402-0660 | SC | 2001-02 | $0 |
| 13 | Friends Of Musgrove Mill State Historic Site | 6139 Hwy 56-S, Clinton, SC 29325 | SC | 2009-09 | $0 |
| 14 | Greer Heritage Museum Inc | 161 Shore Heights Dr, Inman, SC 29349 | SC | 1995-09 | $0 |
| 15 | Historic Preservation Society Of Estill Sc | 252 Lawton Avenue North, Estill, SC 29918 | SC | 2008-10 | $0 |
| 16 | Hometown Heroes Memorial Organization Inc | 42 Angleblade Rd, Landrum, SC 29356-3018 | SC | 2002-12 | $0 |
| 17 | Laurens County African American Cultural Foundation | 109 Downs St, Laurens, SC 29360-2212 | SC | 2004-06 | $0 |
| 18 | Monaghan Historical Society | Po Box 4124, Greenville, SC 29608-4124 | SC | 2009-03 | $0 |
| 19 | Museum Of The Cherokee In South Carolina | 70 Short St, Walhalla, SC 29691 | SC | 2012-12 | $0 |
| 20 | Museum Of Western York County | 6641 Lockhart Highway, Sharon, SC 29742 | SC | 2007-11 | $0 |
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| Total | 2,375 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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