Civic Intelligence

Zeus Helping Hands Foundation

990 • Fiscal year 2021 • EIN 87-1541441

May 19, 2021 to Dec 31, 2021 • Filed on Dec 07, 2022

Organization ProfileN/A
3740 Industrial BoulevardOrangeburg, SC 29188

(803) 707-1695

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

$200,000

No earlier filing loaded for comparison.

Net Assets

$200,000

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin100th percentile

Revenue

$200,000

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$200,000

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$200K$150K$100K$50K$0Assets 2021: $200,000Liabilities 2021: $0Net Assets 2021: $200,0002021Assets 2022: $200,000Liabilities 2022: $0Net Assets 2022: $200,0002022Assets 2023: $54,013Liabilities 2023: $0Net Assets 2023: $54,0132023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2021

Assets$200,000
Liabilities$0
Net Assets$200,000
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$100K$0-$100K-$200KRevenue 2021: $200,000Expenses 2021: $0Net Income 2021: $200,0002021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $145,987Net Income 2023: -$145,9872023Revenue 2024: $0Expenses 2024: $54,013Net Income 2024: -$54,0132024

Highlighted filing

2021

Revenue$200,000
Expenses$0
Net Income$200,000
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
May 19, 2021 to Dec 31, 2021
Signed
Dec 7, 2022
Return Version
2021v4.2
Gross Receipts
$200,000
Mission and Program Overview

Mission

To provide financial support to communities in which Zeus operates during times of need caused by natural disaster, tragic events, medical events or other unforeseen circumstances.

The organization's mission is to provide financial support (or when more appropriate products and supplies) to Zeus Industrial Products, Inc., its parent, affiliates and subsidiaries (collectively 'Zeus') employees, families, and individuals in communities in which Zeus operates during times of need caused by natural disaster, tragic events, medical events or other unforeseen circumstances.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$200,000-
Rtn Earn Endowment Incm Other Fnds$0$200,000▲ $200,000
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$200,000▲ $200,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$200,000▲ $200,000
Total Liabilities and Net Assets / Fund Balance$0$200,000▲ $200,000
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Steve PetersonPresident
Jennifer McQuestenBoard of Director
Melvilyn EdwardsBoard of Director
Scott LloydSecretary/Board of Director
Revenue and Support

Revenue Composition

Contributions and Grants
$200,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$200,000
Change in Net Assets
$200,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Annual disclosure for covered persons
Yes
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
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

“The officers and/or Board of Directors of this organization have no family relationship however, 3 of the 4 do serve in officer positions in another organization.”

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

“This organization was formed during 2021 but had no activity until October 2021. In October the foundation received a charitable donation of $200,000. There has been no other activity for the year 2021, therefore no review of the return with the governing body was felt necessary. A review process will be impletmented for 2022 once the foundation has activity.”

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

“For the 2021 tax year there was no activity in the foundation, therefore there was no potential for a conflict of interest. Once the foundation has activity, the conflict of interest policy will be discussed and reviewed during the board meetings and reviewed by the secretary and treasurer when activity occurs.”

Form 990, Part VI, Section B, line 15

“This is not applicable at this time. No officers, directors or key employees are paid at this time. These are entirely voluntary positions.”

Form 990, Part VI, Section C, line 19

“All necessary documents are availabe for public inspection upon written request to the Secretary of the Foundation.”

Filing and Contact Details

Filer

Filer Name
Zeus Helping Hands Foundation
EIN
87-1541441
Phone
8037071695
Address
3740 Industrial Boulevard, Orangeburg, SC 29188

Signing Officer

Name
Scott Lloyd
Title
Secretary
Phone
8037071695
Signed
2022-12-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Lloyd
Formed
2021
Legal Domicile
Sc
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
4

Preparer

Firm
Nexsen Pruet PLLC
Address
227 West Trade Street Suite 1550, Charlotte, NC 28202
Preparer
Robert D Lyerly Jr
Phone
7043385338
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The officers and/or Board of Directors of this organization have no family relationship however, 3 of the 4 do serve in officer positions in another organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1This organization was formed during 2021 but had no activity until October 2021. In October the foundation received a charitable donation of $200,000. There has been no other activity for the year 2021, therefore no review of the return with the governing body was felt necessary. A review process will be impletmented for 2022 once the foundation has activity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2For the 2021 tax year there was no activity in the foundation, therefore there was no potential for a conflict of interest. Once the foundation has activity, the conflict of interest policy will be discussed and reviewed during the board meetings and reviewed by the secretary and treasurer when activity occurs.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3This is not applicable at this time. No officers, directors or key employees are paid at this time. These are entirely voluntary positions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All necessary documents are availabe for public inspection upon written request to the Secretary of the Foundation.
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ReasonableCauseExplanation/ExplanationTxt0The Foundation, which is a public charity pursuant to Section 170(b)(1)(A)(vi) of the Internal Revenue Code, was created on May 19, 2021, by filing its Articles of Incorporation with the South Carolina Secretary of State. On October 8, 2021, the Foundation received a donation of $200,000. The Foundation received no other donations or income in 2021.The Foundation failed to timely file a Form 990 for 2021 and did not file a request an extension to file this return. The officers of the Foundation mistakenly believed that the tax preparer the Foundation planned to use for its tax compliance would be filing any required returns or extensions for the Foundation. However, due to a miscommunication, no 2021 Form 990 or application for an extension was filed by the due date. When the Foundation learned that it had failed to file this return or an application for an extension, it made arrangements with the undersigned to prepare and file a Form 990 on the Foundation's behalf.In support of its request for non-assertion or abatement of penalties, the Foundation asserts that the imposition of late filing penalties in this instance would be contrary to the spirit and intent of IRS policies regarding penalties. As noted above, the Foundation is a public charity formed in 2021. As with any new organization, the Foundation has had to establish processes for its operations. Due to a miscommunication between the Foundation and a tax preparer, the Foundation failed to timely file its Form 990 for its first year of operations. If the Foundation had filed a timely application for an automatic six-month extension, the attached Form 990 would be timely filed based on the Services' decision to grant taxpayers located in South Carolina an additional automatic extension until February 15, 2023, to file returns as a result of Hurricane Ian being declared a disaster for South Carolina by the Federal Emergency Management Agency.The Foundation takes its tax reporting obligations very seriously and as soon as the Foundation realized that it had failed to file a required return and failed to file an extension, the Foundation made arrangements to have the attached return prepared and filed. The Foundation will make sure it has a process in place to ensure a Form 990 is timely filed on an annual basis going forward. Imposing penalties in this case would be inconsistent with the purpose of penalties, as explained in the IRS Penalty Handbook. As such, the failure to timely file penalty should not be assessed or if already assessed, should be abated. The Penalty Handbook states, "Penalties exist to encourage voluntary compliance by supporting the standards of behavior required by the Internal Revenue Code." IRM 20.1.1.2 (11-21-17). The IRM further provides, "Voluntary compliance is achieved when a taxpayer makes a good faith effort to meet the tax obligations defined by the Internal Revenue Code." IRM 20.1.1.2.1 (11-25-11).In the Foundation's case, imposing penalties would not enhance voluntary compliance, and imposition is not required to correct the taxpayer's behavior. The Foundation takes its reporting obligations seriously, as evidenced by its engagement of the undersigned to prepare its Form 990. Accordingly, imposing penalties in this instance would simply serve as punishment rather than encouraging future voluntary compliance. For the foregoing reasons, the Foundation respectfully request that for reasonable cause the IRS not assert any penalties for its failure to file a timely Form 990 for the 2021 tax year or abate any penalties that might have already been assessed.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Scott Lloyd
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum08037071695
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-12-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Zeus Helping Hands Foundation
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0F/K/A The Tourville Family Foundation
ReturnHeader/Filer/BusinessNameControlTxt0ZEUS
ReturnHeader/Filer/EIN0871541441
ReturnHeader/Filer/PhoneNum08037071695
ReturnHeader/Filer/USAddress/AddressLine1Txt03740 Industrial Boulevard
ReturnHeader/Filer/USAddress/CityNm0Orangeburg
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029188
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570386425
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Nexsen Pruet PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0227 West Trade Street Suite 1550
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Charlotte
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028202
ReturnHeader/PreparerPersonGrp/PhoneNum07043385338
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert D Lyerly Jr
ReturnHeader/ReturnTs02022-12-07T12:37:38-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Scott
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Lloyd
ReturnHeader/TaxPeriodBeginDt02021-05-19
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$200,000
Liabilities
$0
Net assets
$200,000
Revenue
$200,000
Expenses
$0
Net income
$200,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.54$0.54
2023Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.00$1.46$1.46
2022Detailed filing. Detailed filing data is available for this year.$2.00$0.00$2.00$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.00$0.00$2.00$2.00$0.00$2.00