Civic Intelligence

Spring Island Trust Foundation Inc

990 • Fiscal year 2014 • EIN 30-0722363

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 13, 2015

40 Mobley Oaks LaneOkatie, SC 29909

(843) 987-2127

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

32nd percentile

0.01x

Higher debt load relative to revenue than 32% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

74th percentile

16%

Higher net margin than 74% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$836,721

No earlier filing loaded for comparison.

Net Assets

$832,250

No earlier filing loaded for comparison.

Liabilities

$4,471

No earlier filing loaded for comparison.

Revenue

$629,330

No earlier filing loaded for comparison.

Expenses

$528,604

No earlier filing loaded for comparison.

Net Income

$100,726

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2014: $836,721Liabilities 2014: $4,471Net Assets 2014: $832,2502014Assets 2015: $2,226,578Liabilities 2015: $11,782Net Assets 2015: $2,214,7962015Assets 2016: $2,103,875Liabilities 2016: $7,938Net Assets 2016: $2,095,9372016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2014

Assets$836,721
Liabilities$4,471
Net Assets$832,250

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2014: $629,330Expenses 2014: $528,604Net Income 2014: $100,7262014Revenue 2015: $2,134,917Expenses 2015: $752,371Net Income 2015: $1,382,5462015Revenue 2016: $515,388Expenses 2016: $688,644Net Income 2016: -$173,2562016Revenue 2017: $387,525Expenses 2017: $2,483,462Net Income 2017: -$2,095,9372017

Highlighted filing

2014

Revenue$629,330
Expenses$528,604
Net Income$100,726
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 13, 2015
Return Version
2014v5.0
Gross Receipts
$629,330
Mission and Program Overview

Mission

Operated exclusively for public charitable, educational and scientific uses and purposes within the meaning of section 501(c)(3) of the internal revenue code, for the benefit of, to perform the functions of, or to carry out the charitable purposes of spring island trust, a nonprofit corporation described in section 501(c)(4) of the internal revenue code.

Operated for public charitable, educational and scientific uses and purposes within the meaning of section 501(c)(3) of the internal revenue code, for the benefit of the charitable purposes of spring island trust, a nonprofit corporation described in section 501(c)(4) of the internal revenue code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$707,044$820,082▲ $113,038
Accounts Receivable$19,750$0▼ $19,750
Land, Buildings, and Equipment, Net$0$16,639▲ $16,639
Prepaid Expenses and Deferred Charges$7,500$0▼ $7,500
Total Assets$734,294$836,721▲ $102,427
Liabilities
Accounts Payable and Accrued Expenses$2,770$4,471▲ $1,701
Total Liabilities$2,770$4,471▲ $1,701
Net Assets / Fund Balance
Unrestricted Net Assets$332,003$581,980▲ $249,977
Permanently Rstr Net Assets$250,270$250,270→ $0
Temporarily Rstr Net Assets$149,251$0▼ $149,251
Total Net Assets Fund Balance$731,524$832,250▲ $100,726
Total Liabilities and Net Assets / Fund Balance$734,294$836,721▲ $102,427

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$16,639-$16,639

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$250,270---$250,270
2013$0$250,270--$250,270
Compensation and Service Providers

Board Members and Trustees

NameTitle
Troy ShaverChairman
Ann BaruchDirector
Bill AgnewDirector
David WesterlundDirector
Linc KinnicuttDirector
Mark SolowDirector
Richard SchnmaltzDirector
Shanna SullivanDirector
Tom SmithDirector
Bruce KienkeEx-officio
John MccarterEx-officio
Laurence FullerEx-officio
Revenue and Support

Revenue Composition

Contributions and Grants
$627,879
Program Service Revenue
$0
Investment Income
$1,451
Other Revenue
$0
All Other Contributions
$627,879
Change in Net Assets
$100,726

Audited Revenue Reconciliation

Revenue per Audited Statements
$629,330
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$629,330
Total Revenue per Form 990
$629,330
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$475,351
Other Expenses$30,597
Total Fundraising Expense$20,160
Salaries, Compensation, and Employee Benefits$20,086
Professional Fundraising Fees$2,570

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$475,351--$475,351
Other Salaries and Wages-$18,109-$18,109
Conferences and Meetings--$12,570$12,570
Fees for Services Accounting-$6,000-$6,000
Office Expenses-$307$3,607$3,914
Fees for Services Legal-$3,000-$3,000
Insurance-$2,599-$2,599
Fees for Services Professional Fundraising--$2,570$2,570
Payroll Taxes-$1,257-$1,257
Other Employee Benefits-$720-$720
Information Technology--$335$335
Travel--$61$61
Other Expenses-$23$1,017$23
Total Functional Expenses$475,351$33,093$20,160$528,604

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$528,604
Total Expenses per Audited Statements$528,604
Total Expenses per Form 990$528,604
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Spring Island TrustOkatie, SC501 (c) (4)Furthurance of the Exempt Purpose$403,049
The Lowcountry InstituteOkatie, SC501 (c) (3)Furthurance of the Exempt Purpose$72,302
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$2,570
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The organization provides a copy of the audited financial statement and a draft of the tax return to the executive committee of the board. Any questions or concerns are discussed, and a vote is taken to approve the return prior to filing with the internal revenue service.

Form 990, Part VI, Section C, Line 19

Governing documents and financial information is available upon written request.

Filing and Contact Details

Filer

Filer Name
Spring Island Trust Foundation Inc
EIN
30-0722363
Phone
8439872127
Address
40 MOBLEY OAKS LANE, OKATIE, SC 29909

Signing Officer

Name
Troy Shaver
Title
Chairman
Phone
8439872127
Signed
2015-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Troy Shaver
Formed
2012
Legal Domicile
Sc
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Websterrogers Llp
Address
PO BOX 1999, BLUFFTON, SC 29910
Preparer
Raymond E Warco
Phone
8437068440
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 3B

The organization had no unrelated business gross income.

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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd01
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE LOWOUNTY INSTITUTE WAS DETERMINED TO BE A SUPPORTED ORGANIZATION BASED UPON THEIR MISSION OF PRESERVING THE NATURAL HABITAT THAT EXISTS IN THE LOCAL GEOGRAPHIC AREA, OF EDUCATING OTHERS ABOUT THE FRAGILE NATURE OF THE LOCAL AREA, AND OF REACHING OUT TO OTHERS IN THE SURROUNDING AREA ABOUT WHAT THEY CAN DO TO CREATE A HEALTHY ENVIRONMENT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1PRIOR TO ANY DISBURSEMENT, THIS ORGANIZATION REVIEWS THE MOST RECENT FINANCIAL DATA TO ASCERTAIN THAT THE SUPPORTING ORGANIZATION MEETS THE CRITERIA OF SECTION 501(C)4, AND SATISFIED THE PUBLIC SUPPORT TESTS OF SECTION 509(A)2.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2GRANT MONIES WERE PROVIDED TO THE LOWCOUNTRY INSTITUTE, THE DETAILS OF WHICH ARE SHOWN ON SCHEDULE I.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3THE BENEFIT PROVIDED TO THE LOWOUNTY INSTITUTE ASSISTED THEIR PRIMARY MISSION OF PRESERVING THE NATURAL HABITAT THAT EXISTS IN THE LOCAL GEOGRAPHIC AREA, OF EDUCATING OTHERS ABOUT THE FRAGILE NATURE OF THE LOCAL AREA, AND OF REACHING OUT TO OTHERS IN THE SURROUNDING AREA ABOUT WHAT THEY CAN DO TO CREATE A HEALTHY ENVIRONMENT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV SECTION A, LINE 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV SECTION A, LINE 3A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV SECTION A, LINE 6
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3PART IV SECTION B, LINE 2
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0570905093
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1582360703
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd10
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc0501(C)(4)
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc1501(C)(3)
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0403049
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt172302
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SPRING ISLAND TRUST
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1LOW COUNTRY INSTITUTE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0475351
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0250270
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0250270
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0250270
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0250270
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0528604
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016639
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016639
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0629330
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016639
IRS990ScheduleD/TotalExpensesPerForm990Amt0528604
IRS990ScheduleD/TotalRevenuePerForm990Amt0629330
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0629330
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0528604
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0403049
IRS990ScheduleI/RecipientTable/CashGrantAmt172302
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C) (4)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501 (C) (3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FURTHURANCE OF THE EXEMPT PURPOSE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FURTHURANCE OF THE EXEMPT PURPOSE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SPRING ISLAND TRUST
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1THE LOWCOUNTRY INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientEIN0570905093
IRS990ScheduleI/RecipientTable/RecipientEIN1582360703
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0174 CALLAWASSIE DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1174 CALLAWASSIE DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0OKATIE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1OKATIE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1SC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd029909
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd129909
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANT RECIPIENT IS REQUIRED TO PROVIDE MONTHLY FINANCIAL REPORTS WHICH PROVIDES THE DETAIL OF EACH EXPENDITURE OF THE GRANT FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAD NO UNRELATED BUSINESS GROSS INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PROVIDES A COPY OF THE AUDITED FINANCIAL STATEMENT AND A DRAFT OF THE TAX RETURN TO THE EXECUTIVE COMMITTEE OF THE BOARD. ANY QUESTIONS OR CONCERNS ARE DISCUSSED, AND A VOTE IS TAKEN TO APPROVE THE RETURN PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND FINANCIAL INFORMATION IS AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SPRING ISLAND TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1THE LOWCOUNTRY INSTITUTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0570905093
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1582360703
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 (C) (4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501 (C) (3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CONSERVATION/EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1CONSERVATION/EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1)(A)(VI)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0174 CALAWASSIE DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1174 CALAWASSIE DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0OKATIE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1OKATIE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029909
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd129909
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00

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