Civic Intelligence

Charleston Restaurant Foundation Inc

990 • Fiscal year 2014 • EIN 80-0698333

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 14, 2014

423 King Street29403

(843) 853-8000

Siviq Scores

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

Liabilities / Assets

61st percentile

0.12x

Higher debt load relative to assets than 61% of similar nonprofits.

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

Liabilities / Revenue

84th percentile

0.54x

Higher debt load relative to revenue than 84% of similar nonprofits.

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

Net Margin

24th percentile

-7.3%

Higher net margin than 24% 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

61st percentile

6.4%

Faster asset growth than 61% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

3rd percentile

-58%

Faster revenue growth than 3% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2014

Assets

Up

$260,078

Up $15,719 (+6.4%) from 2013

Net Assets

Down

$229,861

Down $4,127 (-1.8%) from 2013

Liabilities

Up

$30,217

Up $19,846 (+191%) from 2013

Revenue

$56,348

No earlier filing loaded for comparison.

Expenses

Down

$60,475

Down $166,682 (-73%) from 2013

Net Income

-$4,127

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.

$400K$300K$200K$100K$0Assets 2012: $366,047Liabilities 2012: $40,435Net Assets 2012: $325,6122012Assets 2013: $244,359Liabilities 2013: $10,371Net Assets 2013: $233,9882013Assets 2014: $260,078Liabilities 2014: $30,217Net Assets 2014: $229,8612014Assets 2015: $166,918Liabilities 2015: $19,683Net Assets 2015: $147,2352015Assets 2016: $155,054Liabilities 2016: $2,976Net Assets 2016: $152,0782016Assets 2017: $154,290Liabilities 2017: $212Net Assets 2017: $154,0782017Assets 2018: $79,042Liabilities 2018: $252Net Assets 2018: $78,7902018Assets 2019: $84,410Liabilities 2019: $6,470Net Assets 2019: $77,9402019Assets 2020: $275,500Liabilities 2020: $224,915Net Assets 2020: $50,5852020Assets 2021: $198,318Liabilities 2021: $165,973Net Assets 2021: $32,3452021Assets 2022: $336,827Liabilities 2022: $245,570Net Assets 2022: $91,2572022Assets 2023: $139,509Liabilities 2023: $1,008Net Assets 2023: $138,5012023Assets 2024: $223,531Liabilities 2024: $63,246Net Assets 2024: $160,2852024Assets 2025: $213,427Liabilities 2025: $12,952Net Assets 2025: $200,4752025

Highlighted filing

2014

Assets$260,078
Liabilities$30,217
Net Assets$229,861

Operations Trend

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

$400K$200K$0-$200KRevenue 2012: $324,992Expenses 2012: $380Net Income 2012: $324,6122012Expenses 2013: $227,1572013Revenue 2014: $56,348Expenses 2014: $60,475Net Income 2014: -$4,1272014Revenue 2015: -$946Expenses 2015: $81,680Net Income 2015: -$82,6262015Revenue 2016: $52,180Expenses 2016: $47,337Net Income 2016: $4,8432016Revenue 2017: $50,433Expenses 2017: $48,433Net Income 2017: $2,0002017Revenue 2018: -$34,648Expenses 2018: $40,640Net Income 2018: -$75,2882018Revenue 2019: $36,369Expenses 2019: $37,219Net Income 2019: -$8502019Revenue 2020: $55,500Expenses 2020: $82,855Net Income 2020: -$27,3552020Revenue 2021: -$9,337Expenses 2021: $8,903Net Income 2021: -$18,2402021Revenue 2022: $137,708Expenses 2022: $78,796Net Income 2022: $58,9122022Revenue 2023: $198,862Expenses 2023: $151,618Net Income 2023: $47,2442023Revenue 2024: $152,271Expenses 2024: $130,487Net Income 2024: $21,7842024Revenue 2025: $191,712Expenses 2025: $151,522Net Income 2025: $40,1902025

Highlighted filing

2014

Revenue$56,348
Expenses$60,475
Net Income-$4,127
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 14, 2014
Return Version
2013v3.0
Gross Receipts
$797,214
Mission and Program Overview

Mission

The mission of the charleston restaurant foundation, inc. Is to raise awareness of the charleston area culinary community through various events. A portion of the proceeds from these events are contributed to local area charities and culinary education programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$224,663$241,210▲ $16,547
Accounts Receivable$19,296$11,074▼ $8,222
Prepaid Expenses and Deferred Charges$400$7,794▲ $7,394
Total Assets$244,359$260,078▲ $15,719
Liabilities
Deferred Revenue$4,500$26,125▲ $21,625
Accounts Payable and Accrued Expenses$5,473$3,569▼ $1,904
Other Liabilities$398$523▲ $125
Total Liabilities$10,371$30,217▲ $19,846
Net Assets / Fund Balance
Unrestricted Net Assets$233,988$229,861▼ $4,127
Total Net Assets Fund Balance$233,988$229,861▼ $4,127
Total Liabilities and Net Assets / Fund Balance$244,359$260,078▲ $15,719
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steve KishPresident
Horst SemperVice-President
Anthony DiBernardoDirector
Steve CarrollDirector
Michael SaboeSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$112,024
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-55,676
All Other Contributions
$250
Change in Net Assets
$-4,127
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$56,400
Other Expenses$4,075
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$56,400--$56,400
Fees for Services Accounting-$2,500-$2,500
Insurance-$800-$800
Fees for Services Legal-$775-$775
Total Functional Expenses$56,400$4,075$0$60,475
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
57-0440170-501(c)(3)Culinary programs$7,500
57-6000265-501(c)(3)Culinary programs$7,500
25-1119571--Culinary programs$7,500
54-2091009--General donation$5,500
57-0724845-501(c)(3)General donation$5,000
26-3469788-501(c)(3)General donation$5,000
57-6028985-501(c)(3)General donation$5,000
57-6000322--Culinary programs$5,000
57-6021761--General donation$5,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$740,866
Fundraising Gross Income$685,190
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$424,082$397,695$195,176$202,519
Event 2$372,882$287,495$178,974$108,521
Total Events$796,964$685,190$740,866$-55,676
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to CVB$523
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 2

Steve Kish, Board President, and Anthony DiBernardo, Board member, are partners in a restaurant business.

Form 990, Part VI, Section B, line 11

The Charleston Restaurant Foundation, Inc. offers a copy of the return to the board members for review before the return is filed.

Form 990, Part VI, Section B, line 12C

The Charleston Restaurant Foundation, Inc. maintains a list of individual organizations not independent of the organization and transactions are disclosed concerning any conflicts of interest.

Form 990, Part VI, Section B, line 15

There are no employees of this organization. No compensation is paid to employees or to Board members.

Form 990, Part VI, Section C, line 19

Charleston Restaurant Foundation, Inc. makes available all such documents upon request at its office located at 423 King St. Charleston, SC.

Filing and Contact Details

Filer

EIN
80-0698333
Phone
8438538000

Signing Officer

Name
Steve Kish
Title
President
Phone
8438538000
Signed
2014-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Kish
Formed
2010
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
505

Preparer

Preparer
Bobby R Creech Jr CPA
Phone
8435775843
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2General donation
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Culinary programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Culinary programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Culinary programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Culinary programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7General donation
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8General donation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10Ronald McDonald House
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11Hospitality Heroes
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine12Hollings Cancer Center (MUSC Foundation)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine13Culinary Institute of Charleston (Trident Technical College)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine14College of Charleston
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine15Art Institute of Charleston
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine16Material Science Resource Center (Charleston County School Dist)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine17Charleston County Development Corporation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine18Daughters of the Nile
IRS990ScheduleI/RecipientTable/RecipientEIN0570724845
IRS990ScheduleI/RecipientTable/RecipientEIN1263469788
IRS990ScheduleI/RecipientTable/RecipientEIN2576028985
IRS990ScheduleI/RecipientTable/RecipientEIN3570440170
IRS990ScheduleI/RecipientTable/RecipientEIN4576000265
IRS990ScheduleI/RecipientTable/RecipientEIN5251119571
IRS990ScheduleI/RecipientTable/RecipientEIN6576000322
IRS990ScheduleI/RecipientTable/RecipientEIN7542091009
IRS990ScheduleI/RecipientTable/RecipientEIN8576021761
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1081 Gadsden St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine11340 Shelmore Dr
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1286 Jonathan Lucas St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine13PO Box 118067
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1466 George St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1520 Market St 120
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1675 Calhoun St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine174045 Bridge View Dr
IRS990ScheduleI/RecipientTable/USAddress/AddressLine18176 Patriots Point Rd
IRS990ScheduleI/RecipientTable/USAddress/City0Charleston
IRS990ScheduleI/RecipientTable/USAddress/City1Mt Pleasant
IRS990ScheduleI/RecipientTable/USAddress/City2Charleston
IRS990ScheduleI/RecipientTable/USAddress/City3Charleston
IRS990ScheduleI/RecipientTable/USAddress/City4Charleston
IRS990ScheduleI/RecipientTable/USAddress/City5Charleston
IRS990ScheduleI/RecipientTable/USAddress/City6Charleston
IRS990ScheduleI/RecipientTable/USAddress/City7North Charleston
IRS990ScheduleI/RecipientTable/USAddress/City8Mt Pleasant
IRS990ScheduleI/RecipientTable/USAddress/State0SC
IRS990ScheduleI/RecipientTable/USAddress/State1SC
IRS990ScheduleI/RecipientTable/USAddress/State2SC
IRS990ScheduleI/RecipientTable/USAddress/State3SC
IRS990ScheduleI/RecipientTable/USAddress/State4SC
IRS990ScheduleI/RecipientTable/USAddress/State5SC
IRS990ScheduleI/RecipientTable/USAddress/State6SC
IRS990ScheduleI/RecipientTable/USAddress/State7SC
IRS990ScheduleI/RecipientTable/USAddress/State8SC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode029401
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode129464
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode229425
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode329423
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode429424
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode529401
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode629401
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode729405
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode829464
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Organizations are selected to receive contributions based upon demonstrated assistance to the local community and/or to the restaurant industry.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt05
IRS990ScheduleI/TotalOtherOrgCnt04
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Steve Kish, Board President, and Anthony DiBernardo, Board member, are partners in a restaurant business.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Charleston Restaurant Foundation, Inc. offers a copy of the return to the board members for review before the return is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Charleston Restaurant Foundation, Inc. maintains a list of individual organizations not independent of the organization and transactions are disclosed concerning any conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There are no employees of this organization. No compensation is paid to employees or to Board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Charleston Restaurant Foundation, Inc. makes available all such documents upon request at its office located at 423 King St. Charleston, SC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 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/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10Greater Charleston Restaurant Association Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11Charleston Area Convention & Visitors Bureau
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0900854755
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1030386059
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Promotion of the Greater Charleston area as a culinary destination.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Charleston area tourism promotion.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10423 King Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine11423 King Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0Charleston
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City1Charleston
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State1SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode029403
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode129403
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0137039
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10Greater Charleston Restaurant Association Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.13$2.00$1.92$1.52$0.40
2024Detailed filing. Detailed filing data is available for this year.$2.24$0.63$1.60$1.52$1.30$0.22
2023Detailed filing. Detailed filing data is available for this year.$1.40$0.01$1.39$1.99$1.52$0.47
2022Detailed filing. Detailed filing data is available for this year.$3.37$2.46$0.91$1.38$0.79$0.59
2021Detailed filing. Detailed filing data is available for this year.$1.98$1.66$0.32$0.09$0.09$0.18
2020Detailed filing. Detailed filing data is available for this year.$2.76$2.25$0.51$0.56$0.83$0.27
2019Detailed filing. Detailed filing data is available for this year.$0.84$0.06$0.78$0.36$0.37$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.35$0.41$0.75
2017Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.50$0.48$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.55$0.03$1.52$0.52$0.47$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.67$0.20$1.47$0.01$0.82$0.83
2014Detailed filing. Detailed filing data is available for this year.$2.60$0.30$2.30$0.56$0.60$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$0.10$2.34$2.27
2012Summary only. Only limited summary data is available for this year.$3.66$0.40$3.26$3.25$0.00$3.25