Civic Intelligence

Lowcountry Foundation for Wounded Military Heros

EIN 35-2381056 • 501(c)3 • Bluffton, SC

Profile

Our mission is to provide funds that directly support wounded military heroes through charitable programs reviewed, approved, and recommended by Birdies for the Brave, a PGA Tour Charities, Inc. affiliate. These programs are designed specifically for the individual needs of our wounded heroes as they return to active duty or assimilate back into the civilian population.

20 Towne Drive 199Bluffton, SC 29910

lfwmh.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

61st percentile

8.2%

Higher net margin than 61% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

83rd percentile

36%

Faster asset growth than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

72nd percentile

21%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$132,903

Up $35,458 (+36%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$132,903

Up $35,458 (+36%) from 2023

Revenue

Up

$434,167

Up $74,983 (+21%) from 2023

Expenses

Up

$398,709

Up $67,428 (+20%) from 2023

Net Income

Up

$35,458

Up $7,555 (+27%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2020: $74,419Liabilities 2020: $892Net Assets 2020: $73,5272020Assets 2021: $71,598Liabilities 2021: $0Net Assets 2021: $71,5982021Assets 2022: $70,543Liabilities 2022: $0Net Assets 2022: $70,5432022Assets 2023: $97,445Liabilities 2023: $0Net Assets 2023: $97,4452023Assets 2024: $132,903Liabilities 2024: $0Net Assets 2024: $132,9032024

Highlighted filing

2024

Assets$132,903
Liabilities$0
Net Assets$132,903

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2020: $139,583Expenses 2020: $133,879Net Income 2020: $5,7042020Revenue 2021: $240,006Expenses 2021: $241,925Net Income 2021: -$1,9192021Revenue 2022: $258,309Expenses 2022: $259,366Net Income 2022: -$1,0572022Revenue 2023: $359,184Expenses 2023: $331,281Net Income 2023: $27,9032023Revenue 2024: $434,167Expenses 2024: $398,709Net Income 2024: $35,4582024

Highlighted filing

2024

Revenue$434,167
Expenses$398,709
Net Income$35,458

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 7, 2025
Return Version
2024v5.0
Gross Receipts
$436,382
Mission and Program Overview

Mission

Our mission is to provide funds that directly support wounded military heroes through charitable programs reviewed, approved, and recommended by Birdies for the Brave, a PGA Tour Charities, Inc. affiliate. These programs are designed specifically for the individual needs of our wounded heroes as they return to active duty or assimilate back into the civilian population.

To raise funds to distribute to charitable organizations recognized under 501 (c)(3), like PGA Tour Charities, Inc. focusing on wounded military heroes from post 9/11 combat and from all branches of the US military to assist them and their families as they assimilate back into active duty or into the civilian population.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$75,945$132,903▲ $56,958
Investments in Publicly Traded Securities$72,921$124,799▲ $51,878
Pledges and Grants Receivable$21,500$0▼ $21,500
Cash and Non-Interest-Bearing Accounts$3,024$8,104▲ $5,080
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0--
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$97,445$132,903▲ $35,458
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$21,500$0▼ $21,500
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$21,500$0▼ $21,500
Net Assets / Fund Balance
Total Net Assets Fund Balance$75,945$132,903▲ $56,958
Total Liabilities and Net Assets / Fund Balance$97,445$132,903▲ $35,458
Compensation and Service Providers

Board Members and Trustees

NameTitle
Russ SpicerCEO, Director
Alan PrenoveauCFO, Director
Pete DoukasChief Solicitor, Director
Doug MyersDirector at Large
William GodseyDirector, Operations
David LomasneyDirector, Wexford
George RaglandSecretary, Director
Revenue and Support

Revenue Composition

Contributions and Grants
$254,418
Program Service Revenue
$0
Investment Income
$6,378
Other Revenue
$173,371
All Other Contributions
$0
Change in Net Assets
$35,458
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$300,000
Other Expenses$98,709
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$300,000--$300,000
Other Expenses$7,475$0$0$7,475
Office Expenses$0$3,682$0$3,682
Insurance$0$3,501$0$3,501
Information Technology$0$2,826$0$2,826
All Other Expenses$0$2,636$0$2,636
Travel$0$331$0$331
Total Functional Expenses$385,733$12,976$0$398,709
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
PGA Tour Charities IncPonte Vedra Beach, FL-To assist charities who support Post 9/11 combat wounded (Purple Heart recipients, those with traumatic brain injury or PTSD, etc.) Each year, our grants are made to Birdies for the Brave (B4B), a PGA Tour Charities Inc. affiliate. Our Board determines how much of our donation should go to each of the B4B charities we select. We ensure awards are given based on the criteria we have established and we approve where the donations are spent to ensure (to the extent possible) that our grants are supporting Wounded Heroes in , or with a connection to, the South Carolina and Georgia Lowcountry.$300,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$10,585
Gaming Direct Expenses$2,215
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wounded Heroes Golf Classic - Hampton Hall$175,394$175,394$7,051$168,343
Wounded Heroes Golf Classic - Wexford$44,631$44,631$6,979$37,652
Total Events$254,418$254,418$87,948$166,470
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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 A, Line 1B

It has been determined that our organization has been incorrectly reporting the number of independent Board members since our first filing in 2011. After reviewing the criteria for Board member independence, all Board members -- current and past -- have met this criteria. As such, we are amending our last 3 years of filings to reflect this change.

Form 990, Part VI, Section A, Line 8A

Committee leaders do not always formally document meetings but they do, typically via email, document discussions or actions resulting from their meetings.

Form 990, Part VI, Section A, Line 8B

Our committees do not always formally document minutes of their meetings but they do normally document, via email, key decisions and actions resulting from the meeting.

Form 990, Part VI, Section B, Line 11B

Form 990, Part VI, Section B, Line 11b. All members of the Board receive an electronic copy of Form 990 and associated worksheets for review prior to submission. After review, Board members may have questions or they may make note of errors (or potential errors) that may require correction. After all necessary changes, if any, are made and all questions are answered to Board members' satisfaction, Form 990 is submitted.

Form 990, Part VI, Section C, Line 19

At the present time there is no conflict of interest policy, There are no paid employees. The organization is made up entirely of volunteers. Financial statements are made available to the public upon request - either via the South Carolina Secretary of State's office or by request directly to our organization.

Filing and Contact Details

Filer

Filer Name
Lowcountry Foundation for Wounded Military Heroes
EIN
35-2381056
Phone
8439498596
Address
20 Towne Drive 199, Bluffton, SC 29910

Signing Officer

Name
Alan Prenoveau
Title
CFO
Phone
8435403078
Signed
2025-03-07

Organization Details

Principal Officer
Kenneth R Spicer
Formed
2010
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
200
Supplemental Narrative

Additional Explanations

Form 990, Header, Line B

It has been determined that our organization has been incorrectly reporting the number of independent Board members since our first filing in 2011. After reviewing the criteria for Board member independence, all Board members -- current and past -- have met this criteria. As such, we are amending our last 3 years of filings to reflect this change.

Form 990, Part I, Line 4

See explanation for change to Part VI, A, line 1b

Form 990, Part XI, Line 9

The $21,500 in outstanding receivables (pledges / deferred revenue) was received in 2024.

Schedule B, Part I

This schedule includes a list of individuals, corporations, foundations, and other entities that have contributed $5,000 or more to LFWMH in 2024. Conntributions may have come as sponsorships or auction item sales of $5,000 or more.

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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt072921
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0124799
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0Our mission is to provide funds that directly support wounded military heroes through charitable programs reviewed, approved, and recommended by Birdies for the Brave, a PGA Tour Charities, Inc. affiliate. These programs are designed specifically for the individual needs of our wounded heroes as they return to active duty or assimilate back into the civilian population.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt075945
IRS990/NetAssetsOrFundBalancesEOYAmt0132903
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt08370
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt08370
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03682
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt03682
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt021500
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Wounded Heroes Golf Classic - Hampton Hall
IRS990/OtherExpensesGrp/Desc1Wounded Heroes Golf Classic - Wexford
IRS990/OtherExpensesGrp/Desc2Wounded Heroes Golf Classic - Oldfield
IRS990/OtherExpensesGrp/Desc3Other Events (Apprec. Night, Comm. Fundraiser)
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt027276
IRS990/OtherExpensesGrp/ProgramServicesAmt128834
IRS990/OtherExpensesGrp/ProgramServicesAmt222148
IRS990/OtherExpensesGrp/ProgramServicesAmt37475
IRS990/OtherExpensesGrp/TotalAmt027276
IRS990/OtherExpensesGrp/TotalAmt128834
IRS990/OtherExpensesGrp/TotalAmt222148
IRS990/OtherExpensesGrp/TotalAmt37475
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherOrganizationDsc0Public charity 501 (c) (3)
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0Service Dog Donations
IRS990/OtherRevenueMiscGrp/Desc1Monetary Donations
IRS990/OtherRevenueMiscGrp/Desc2All Other Revenue
IRS990/OtherRevenueMiscGrp/ExclusionAmt0104500
IRS990/OtherRevenueMiscGrp/ExclusionAmt145975
IRS990/OtherRevenueMiscGrp/ExclusionAmt214526
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0104500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt145975
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt214526
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt0165001
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt021500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Kenneth R Spicer
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0232435
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0250000
IRS990/PYInvestmentIncomeAmt0921
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt081281
IRS990/PYOtherRevenueAmt0125828
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt027903
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0331281
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0359184
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt035458
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00

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