Nonprofit · EIN 45-1998194
WESTEDGE FOUNDATION INC
Tax-exempt · CHARLESTON, SC 29402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,513,522 | $708,592 | $804,930 | $13,519,191 | $4,484 | $13,514,707 |
| June 30, 2024 | 990 | $10,714,253 | $942,768 | $9,771,485 | $12,819,959 | $110,182 | $12,709,777 |
| June 30, 2023 | 990 | $840,428 | $1,488,436 | -$648,008 | $13,690,092 | $10,751,800 | $2,938,292 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,028,926
- of which government grants
- $1,028,926
- Program service revenue
- $0
- Investment income
- $484,596
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $229,660
- Other salaries and wages
- $188,672
- Salaries, compensation and benefits (total)
- $418,332
- Professional fundraising fees
- $0
- Legal fees
- $50,816
- Occupancy
- $30,320
- Travel
- $4,976
- Depreciation
- $9,181
- Program services (functional)
- $393,918
- Management and general (functional)
- $314,674
Balance sheet and other
- Total assets, start of year
- $12,819,959
- Total assets, end of year
- $13,519,191
- Total liabilities, end of year
- $4,484
- Net assets, end of year
- $13,514,707
- Net assets without donor restrictions
- $13,514,707
- Gross receipts
- $1,513,522
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2011
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL MAHER | CEO - THROUGH 3/30/25 Officer | 40 | $229,660 | $3,564 |
| CM WILLIAM D GREGORIE | CITY-APPOINTED Trustee or director | 0.5 | $0 | $0 |
| MAYOR WILLIAM COGSWELL | CITY-APPOINTED Trustee or director | 1 | $0 | $0 |
| LOGAN MCVEY | CITY-APPOINTED Trustee or director | 0.3 | $0 | $0 |
| STUART AMES | MUSCF-APPOINTED Trustee or director | 1.5 | $0 | $0 |
| RICK ANDERSON | MUSCF-APPOINTED BEG 1/1/25 Trustee or director | 0.3 | $0 | $0 |
| DAWN HARTSELL | MUSCF-APPOINTED BEG 1/1/25 Trustee or director | 0.3 | $0 | $0 |
| JESSICA PAUL | MUSCF-APPOINTED THRU 1/1/25 Trustee or director | 0.3 | $0 | $0 |
| CAROLINE BROWN | MUSCF-APPOINTED THRU 1/1/25 Trustee or director | 0.3 | $0 | $0 |
| GARRY LESESNE | AT-LARGE Trustee or director | 0.3 | $0 | $0 |
| KEVIN LUZAK | AT-LARGE Trustee or director | 0.3 | $0 | $0 |
| CHERYL KAYNARD | AT-LARGE Trustee or director | 0.5 | $0 | $0 |
| MATT FROHLICH | CHAIR (CITY-APPOINTED) Trustee or director, Officer | 2 | $0 | $0 |
| ROBYN FRAMPTON | VICE CHAIR & TREASURER (MUSCF-APPOINTED) Trustee or director, Officer | 1.5 | $0 | $0 |
| JOE MCDONALD | SECRETARY (AT-LARGE) Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL MAHER | CEO Officer | 40 | $215,296 | $64,977 |
| MAYOR JOHN TECKLENBURG | CITY-APPOINTED Trustee or director | 0.3 | $0 | $0 |
| CM WILLIAM D GREGORIE | CITY-APPOINTED Trustee or director | 0.7 | $0 | $0 |
| MAYOR WILLIAM COGSWELL | CITY-APPOINTED Trustee or director | 0.3 | $0 | $0 |
| STUART AMES | MUSCF-APPOINTED Trustee or director | 1.5 | $0 | $0 |
| JESSICA PAUL | MUSCF-APPOINTED Trustee or director | 0.7 | $0 | $0 |
| CAROLINE BROWN | MUSCF-APPOINTED Trustee or director | 0.3 | $0 | $0 |
| GARRY LESESNE | AT-LARGE Trustee or director | 0.1 | $0 | $0 |
| JOE MCDONALD | AT-LARGE Trustee or director | 0.1 | $0 | $0 |
| CHERYL KAYNARD | CHAIR (CITY-APPOINTED) Trustee or director, Officer | 3 | $0 | $0 |
| KEVIN LUZAK | VICE CHAIR (AT-LARGE) Trustee or director, Officer | 1 | $0 | $0 |
| ROBYN FRAMPTON | TREASURER (MUSCF-APPOINTED) Trustee or director, Officer | 1.5 | $0 | $0 |
| MATT FROHLICH | SECRETARY (CITY-APPOINTED) Trustee or director, Officer | 1.7 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL MAHER | CEO Officer | 40 | $199,935 | $78,586 |
| MAYOR JOHN TECKLENBURG | CITY-APPOINTED Trustee or director | 0.5 | $0 | $0 |
| CM DUDLEY GREGORIE | CITY-APPOINTED Trustee or director | 0.7 | $0 | $0 |
| STUART AMES | MUSCF-APPOINTED Trustee or director | 1.5 | $0 | $0 |
| JESSICA PAUL | MUSCF-APPOINTED Trustee or director | 0.7 | $0 | $0 |
| CAROLINE BROWN | MUSCF-APPOINTED Trustee or director | 0.3 | $0 | $0 |
| GENERAL HANK TAYLOR RET THRU 0423 | AT-LARGE Trustee or director | 0.9 | $0 | $0 |
| FORD GRAHAM | AT-LARGE Trustee or director | 0.3 | $0 | $0 |
| JOE MCDONALD | AT-LARGE Trustee or director | 0.3 | $0 | $0 |
| CHERYL KAYNARD | CHAIR (CITY-APPOINTED) Trustee or director, Officer | 3 | $0 | $0 |
| KEVIN LUZAK | VICE CHAIR (AT-LARGE) Trustee or director, Officer | 1 | $0 | $0 |
| ROBYN FRAMPTON | TREASURER (MUSCF-APPOINTED Trustee or director, Officer | 1.5 | $0 | $0 |
| MATT FROHLICH | SECRETARY (CITY-APPOINTED) Trustee or director, Officer | 1.7 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 304, CHARLESTON, SC 29402-0304
- In care of
- % THOMAS ANDERSON
- Mailing address (990-N for 2015)
- 18 Bee Street, Charleston SC 29425
- Principal officer (990 for 2024)
- MATTHEW FROHLICH, PO BOX 304, CHARLESTON, SC 29402
- Principal officer (990-N for 2015)
- Michael Maher, 18 Bee Street, Charleston SC 29425
- Signed the 990
- MATTHEW FROHLICH, CHAIR
- Phone
- (843) 534-1484
- Return prepared by
- ELLIOTT DAVIS ADVISORY LLC
Mission
WESTEDGE IS A BOLD ECONOMIC AND URBAN REVITALIZATION VISION TO ADVANCE KNOWLEDGE-BASED SECTORS OF THE CHARLESTON, SOUTH CAROLINA REGIONAL ECONOMY.
Program accomplishments
- THE WESTEDGE FOUNDATION PROMOTES ECONOMIC DEVELOPMENT AND NEIGHBORHOOD IMPROVEMENT TO ADVANCE THE COLLECTIVE VISION AND STRENGTHEN OUR COMMUNITY. WE MEASURE OUR COLLECTIVE PROGRESS IN ACCOMPLISHING THIS PORTION OF OUR MISSION BY:- IMPROVING THE QUALITY OF LIFE IN THE SURROUNDING NEIGHBORHOODS BY MAKING SUPPORTIVE INVESTMENTS, MANAGED DEVELOPMENT, AND INCREASED OPPORTUNITY.- ADVOCATING INCLUSION AND IMPROVING OUR COMMUNITY BY REMOVING BARRIERS TO SUCCESS AND INVESTING IN PUBLIC INFRASTRUCTURE TO ADDRESS LOCAL CHALLENGES.- WESTEDGE HAS ATTRACTED LARGE AND SMALL BUSINESSES, GENERATING NEW JOBS AND PROMOTING LOCAL PROSPERITY.LOCAL ECONOMY:-INCREASING PROPERTY TAX REVENUES, BUSINESS LICENSE REVENUES AND SALES TAX REVENUES TO HELP FUND LONG-TERM INVESTMENTS IN PUBLIC SERVICES AND SCHOOLS.-TIF DISTRICT DEDICATES INCREMENTAL PROPERTY TAX REVENUES INTO PUBLIC INVESTMENTS IN INFRASTRUCTURE, DRAINAGE, AND OTHER PUBLIC AMENITIES DIRECTLY IN AND AROUND THE WESTEDGE DISTRICT.EXPANDING ACCESS & CLOSING THE GROCERY GAP:-PRIOR TO WESTEDGE, THE WEST SIDE OF THE PENINSULA WAS A FOOD DESERT. PUBLIX SUPER MARKET INCREASES ACCESS TO HEALTHY AND AFFORDABLE FOOD OPTIONS FOR ALL RESIDENTS OF THE WEST SIDE OF THE PENINSULA, ESPECIALLY LOWER INCOME, AND ELDERLY RESIDENTS. ADDING MORE OPTIONS FOR COMMUNITY SERVICES HELPS FURTHER ADVANCE THE LOCAL NEIGHBORHOOD.-IMPROVING SAFE ROUTES TO SCHOOLS AND OTHER SUPPORT FOR STUDENTS AT BURKE HIGH SCHOOL AND CHARLESTON DEVELOPMENT ACADEMY.HOUSING:-DEVELOPING WESTEDGE TO ENSURE THERE IS ZERO DISPLACEMENT OF AREA'S EXISTING RESIDENTS.-INCREASING CHARLESTON'S AFFORDABLE HOUSING: WESTEDGE PROJECT PARTNERS HAVE ALREADY CONTRIBUTED $3.0 MILLION TO AFFORDABLE HOUSING; FULL BUILD-OUT COULD ADD OVER $7.0 MILLION AND/OR CREATE EVEN MORE WORKFORCE HOUSING UNITS.-INCREASING THE NUMBER AND DIVERSITY OF HOUSING OPPORTUNITIES CLOSE TO EMPLOYMENT CENTERS LIKE THE MEDICAL DISTRICT.Expenses $393,918
- THE WESTEDGE FOUNDATION FACILITATES THE PROMOTION OF INNOVATION AND ADVANCES OUR VISION OF A DYNAMIC KNOWLEDGE COMMUNITY TO BENEFIT AND STRENGTHEN OUR KEY STAKEHOLDERS. WE MEASURE OUR COLLECTIVE PROGRESS IN ACCOMPLISHING THIS PORTION OF OUR MISSION BY: - ADVANCING SCIENTIFIC AND TECHNICAL DISCOVERY.- EXPANDING EMPLOYMENT AND CAREER OPPORTUNITIES. - WIDENING PARTICIPATION IN ENTREPRENEURSHIP AND WEALTH-CREATION ACTIVITY. - CREATING PARTNERSHIPS WITH HIGHER EDUCATION, ADJACENT PUBLIC K-12 SCHOOLS AND INNOVATION-DRIVEN ENTERPRISES. WE ACCOMPLISH OUR MISSION THROUGH STRATEGIC PARTNERSHIPS WITH OUR FOUNDERS, COLLABORATION WITH A DIVERSE ARRAY OF INNOVATION PARTNERS, AND BY DIRECT DELIVERY OF INNOVATION INFRASTRUCTURE AND PROGRAMS. SPECIFIC ACCOMPLISHMENTS OF WESTEDGE FOUNDATION'S EFFORTS INCLUDE: ENTREPRENEURSHIP AND WORKFORCE DEVELOPMENT:-WESTEDGE HOUSES STUDIO 22, A SMALL BUSINESS INCUBATOR/CO-WORKING SPACE FOR START-UP COMPANIES, ESPECIALLY IN THE TECHNOLOGY AND LIFE SCIENCE SECTORS.-CREATING STATE-OF-THE-ART LAB SPACE HELPS GROW LIFE SCIENCE BUSINESSES.-INCREASES ECONOMIC DEVELOPMENT AND JOB CREATION IN ALL SECTORS: OVER 500 NEW JOBS HAVE ALREADY BEEN CREATED IN WESTEDGE IN THE LIFE SCIENCES SECTOR.-ACTIVELY SERVING THE BURKE HIGH SCHOOL IMPROVEMENT COUNCIL TO ESTABLISH INTERNSHIP AND OUTREACH PROGRAMS FOR BURKE STUDENTS TO EXPERIENCE LIFE SCIENCE EMPLOYMENT OPPORTUNITIES.-SUPPORT AND SPONSORSHIP OF EDUCATIONAL ACTIVITIES, SUCH AS BACK-TO-SCHOOL EVENTS AT BURKE HIGH AND IN GADSDEN GREEN, STEMAPALOOZA EVENT, AND OTHER COMMUNITY-DRIVEN EVENTS.
- THE WESTEDGE FOUNDATION MOBILIZES AND DEPLOYS RESOURCES TO INVEST IN INFRASTRUCTURE TO PROTECT THE HEALTH SAFETY AND WELFARE OF THE SURROUNDING COMMUNITY AND THE PUBLIC AT LARGE. WE MEASURE OUR PROGRESS IN ACCOMPLISHING THIS PORTION OF OUR MISSION BY:- ONGOING EFFORTS TO ADDRESS THE INCREASING FLOODING THAT IMPACTS THE COMMUNITY, DAMAGING PROPERTY AND PREVENTING ACCESS TO HOMES, BUSINESSES, AND SCHOOLS.- WORKING TO ELIMINATE CONTAMINATION EXPOSURES IN THE AREA DUE TO DEGRADATION OF THE HISTORIC LANDFILL CAP, AND BRING PERPETUAL HEALTH IMPROVEMENT TO THE IMMEDIATE NEIGHBORHOOD AND ALL OF THE WEST SIDE OF THE PENINSULA.- IMPROVING ACCESS AND MOBILITY WITH NEW OR IMPROVED AUTO, BICYCLE, PEDESTRIAN AND TRANSIT FACILITIES.WE ACCOMPLISH OUR MISSION THROUGH REPAIRING EXISTING INFRASTRUCTURE AND BUILDING NEW ROADS, DRAINAGE, AND UTILITIES TO SUPPORT THE NEEDS OF THE AREA OF AND AROUND THE WESTEDGE DISTRICT. SPECIFIC ACCOMPLISHMENTS OF WESTEDGE FOUNDATION'S EFFORTS INCLUDE: FLOODING:-DESIGN AND CONSTRUCTION TO ELIMINATE TIDAL SUNNY DAY FLOODING AND REDUCING INSTANCES OF STORMWATER FLOODING WITH NEW DRAINAGE SOLUTIONS AND ENHANCED STORMWATER STORAGE CAPACITY ALREADY IN PLACE OR PLANNED.-WORKING TO CONNECT EXISTING GADSDEN GREEN AND ASHTON STREET DRAINAGE SYSTEMS TO THE SPRING FISHBURNE DEEP TUNNEL SYSTEM TO REDUCE NEIGHBORHOOD FLOODING.-RESTORING RELIABLE EMERGENCY RESPONSE AND EVACUATION ROUTES.ENVIRONMENT:-STOPPING ONGOING HEALTH RISKS FROM SURFACE EXPOSURE TO CONTAMINATION FROM LANDFILL MATERIALS AND HAZARDOUS LEACHATE.-REDUCING TIDAL AND STORMWATER FLOODING TO STOP CONVEYANCE OF CONTAMINANTS INTO THE NEIGHBORHOOD, PROTECTING GADSDEN GREEN HOMES, CHARLESTON DEVELOPMENT ACADEMY AND HARMON FIELD.-SC DHEC VOLUNTARY CLEANUP PROGRAM FOR ALL PROJECTS ENSURES FUTURE SAFETY FOR THE PUBLIC AND REDUCES ONGOING LIABILITY/EXPOSURE OF THE CITY AND MUSCF.SAFE ACCESS:-TRAFFIC IMPROVEMENTS ALREADY IN PLACE IMPROVE FLOW AND SAFETY ON LOCKWOOD BLVD. AND PRESIDENT ST.-PROPOSED MEDICAL DISTRICT CONNECTOR WILL CREATE SAFER PEDESTRIAN, BICYCLE AND TRANSIT CONNECTIONS TO THE MEDICAL DISTRICT.-CREATING NEW WORKPLACES WITH DIRECT ACCESS TO TRANSIT & HOUSING SIGNIFICANTLY REDUCES TRAFFIC IMPACTS.-PROVIDING A TERMINUS LOCATION FOR THE PLANNED LCRT PUBLIC TRANSIT SYSTEM, INCREASING MOBILITY OPTIONS FOR AN UNDERSERVED POPULATION.-EFFORTS TO ADDRESS FLOODING ALSO PROMOTES CONSISTENT ACCESS TO HOMES, WORKPLACES AND SCHOOLS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-1998194
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2011
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $13,519,191
- Income (IRS master file)
- $1,513,522
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,513,522 | $708,592 | $13,519,191 | XML |
| 990 | June 2024 | $10,714,253 | $942,768 | $12,819,959 | XML |
| 990 | June 2023 | $840,428 | $1,488,436 | $13,690,092 | XML |
| 990 | June 2022 | $804,235 | $1,742,698 | $15,433,566 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Michael Maher | June 30, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-1998194).
Questions about WESTEDGE FOUNDATION INC
- What is the EIN of WESTEDGE FOUNDATION INC?
- The employer identification number (EIN) of WESTEDGE FOUNDATION INC is 45-1998194.
- Is WESTEDGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to WESTEDGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does WESTEDGE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WESTEDGE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WESTEDGE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WESTEDGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names MATTHEW FROHLICH.
- Who are the officers and directors of WESTEDGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $229,660 (MICHAEL MAHER, CEO - THROUGH 3/30/25).
- How much revenue does WESTEDGE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,513,522, expenses of $708,592 and total assets of $13,519,191 at year end.
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