Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Rotary Club of Beaufort Endowment Foundation
EIN 57-1099324 • 501(c)3 • Beaufort, SC
Pub. 78 Eligible990-N Coverage
Profile
The objectives of this Corporation shall be to provide funds to the Beaufort Rotary Club for various local scholarship programs and to make charitable donations to local community charities which come within the definitions set forth in the Internal Revenue Code of 1954, Section 170(c), as amended.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
85th percentile
Higher net margin than 85% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
67th percentile
Faster asset growth than 67% of similar nonprofits.
Revenue Growth
95th percentile
Faster revenue growth than 95% of similar nonprofits.
Balance Sheet
Assets
Up$153,103
Up $12,438 (+8.8%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Up$153,103
Up $12,438 (+8.8%) from 2023
Revenue
Up$14,682
Up $9,212 (+168%) from 2023
Expenses
Up$9,291
Up $2,686 (+41%) from 2023
Net Income
Up$5,391
Up $6,526 (+575%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $153,103
- Liabilities
- -
- Net assets
- $153,103
- Revenue
- $14,682
- Expenses
- $9,291
- Net income
- $5,391
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 6, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $28,628
Mission and Program Overview
Mission
The objectives of this Corporation shall be to provide funds to the Beaufort Rotary Club for various local scholarship programs and to make charitable donations to local community charities which come within the definitions set forth in the Internal Revenue Code of 1954, Section 170(c), as amended.
The objectives of this Corporation shall be to serve as an endowment and to provide funds earmarked for the Rotary Club of Beaufort's local scholarship program and charitable contributions to local community charities which come within the definitions set forth in the Internal Revenue Code of 1954, Section 170(c), as amended.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| The Rotary Club of Beaufort Endowment Fund awarded $7,000 to the Rotary Club of Beaufort in January of 2024. These funds were restricted for student scholarships and other charitable expenditures awarded by the Rotary Club of Beaufort. | - | $7,000 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Cris Steele | Director | - | $0 | - | - |
| Greg Dyson | Chairman | - | $0 | - | - |
| Wayne Promislow | Treasurer | - | $0 | - | - |
| John Troutman | Director | - | $0 | - | - |
| Graham Holcombe | Secretary | - | $0 | - | - |
| Robert Bussa | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Rotary Club of Beaufort Endowment
- EIN
- 57-1099324
- Phone
- 8435220222
- Address
- 2201 Boundary St Suite 207, Beaufort, SC 29902
Signing Officer
- Name
- Wayne Promislow
- Title
- Treasurer
- Signed
- 2025-05-06
- Discuss with paid preparer
- No
Supplemental Narrative
Additional Explanations
Grants and Similar Amounts Paid In Excess of $5,000.1
“| Donee's Name: Rotary Club of Beaufort | Donee's Address: Beaufort Beaufort SC 29902 | Relationship of Donee: Supported Organization | Cash Amount Given: $7000”
Other Expenses.1
“Investment Management Fee $2206”
Other Expenses.2
“Foreign Tax Withholding $85”
Raw XML Appendix153 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990EZ/OrganizationHadUBIInd | 0 | false |
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| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
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| IRS990EZ/PrimaryExemptPurposeTxt | 0 | The objectives of this Corporation shall be to serve as an endowment and to provide funds earmarked for the Rotary Club of Beaufort's local scholarship program and charitable contributions to local community charities which come within the definitions set forth in the Internal Revenue Code of 1954, Section 170(c), as amended. |
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| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 16257 |
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| IRS990EZ/SchoolOperatingInd | 0 | false |
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| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | SC |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
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| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
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| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | Determined that the Rotary Club of Beaufort satisfied the public support test under section 509(a)(2) by reviewing the Organization's financial statements and Form 990, "Return of Organization Exempt from Income Tax," for the fiscal year ended June 30, 2024. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | The Rotary Club of Beaufort Endowment Foundation, at its election, annually pays a distribution restricted for chartiable purposes to the Rotary Club of Beaufort. The annual distribution is limited to the prior year earnings of the Foundation (dividends and interest accrued during the preceding calendar year, less the sum of any operational expenses disbursed in the preceeding year). For disbursement purposes, the Foundation's earnings as defined above, shall not include any realized or unrealized capital gain or capigal gain distributions.At the time the Chairman of the Rotary Club of Beaufort Endowment Foundation presents its award to the Rotary Club of Beaufort, the Chairman indicates that the award is restricted for local scholarship programs or for donations to local community charities which qualify as Charitable Organizations under Internal Revenue Code Section 170(b)(1)(A).A Director of the Rotary Club of Beaufort Endowment Foundation annually inspects the most recent annual financial statement or Form 990, of the Beaufort Rotary Club to ensure that its charitable contributions and local scholarship awards exceed the award provided by the Rotary Club of Beaufort Endowment Foundation or is escrowed for such purposes. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Part IV, Section A, Line 3b: Description Of When and How Organization Made The Determination |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | | Donee's Name: Rotary Club of Beaufort | Donee's Address: Beaufort Beaufort SC 29902 | Relationship of Donee: Supported Organization | Cash Amount Given: $7000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Investment Management Fee $2206 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Foreign Tax Withholding $85 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Grants and Similar Amounts Paid In Excess of $5,000.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.2 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-06 |
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| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/ReturnTs | 0 | 2025-05-06T12:36:23-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
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