Nonprofit · EIN 56-2121992
WACCAMAW COMMUNITY FOUNDATION INC
Tax-exempt · MURRELLS INLT, SC 29576
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $6,315,599 | $3,205,282 | $3,110,317 | $44,496,374 | $2,349,779 | $42,146,595 |
| December 31, 2024 | 990 (amended) | $5,009,782 | $2,967,578 | $2,042,204 | $38,409,782 | $2,189,200 | $36,220,582 |
| December 31, 2023 | 990 | $6,543,921 | $4,151,050 | $2,392,871 | $33,255,334 | $97,701 | $33,157,633 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,302,621
- Program service revenue
- $0
- Investment income
- $2,006,939
- Net gain from sales of assets
- $1,075,127
- Other revenue
- $6,039
Expenses
- Grants and similar amounts paid
- $2,570,119
- Compensation of officers, directors and key employees
- $122,714
- Other salaries and wages
- $161,490
- Salaries, compensation and benefits (total)
- $335,702
- Professional fundraising fees
- $0
- Occupancy
- $25,053
- Travel
- $9,312
- Depreciation
- $11,004
- Program services (functional)
- $2,746,635
- Management and general (functional)
- $390,982
- Fundraising (functional)
- $67,665
Balance sheet and other
- Total assets, start of year
- $38,409,782
- Total assets, end of year
- $44,496,374
- Total liabilities, end of year
- $2,349,779
- Net assets, end of year
- $42,146,595
- Land, buildings and equipment
- $401,409
- Publicly traded securities
- $40,890,766
- Net assets without donor restrictions
- $42,086,053
- Net assets with donor restrictions
- $60,542
- Gross receipts
- $10,277,746
- Employees
- 3
- Volunteers
- 2
- Year formed
- 1999
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL MANCUSO | EXECUTIVE DIRECTOR Officer | 40 | $122,714 | $25,291 |
| DENNIS WADE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT HUCKS II | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GARY COOPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHERYL CAIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COURTNEY LOVE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIK FROMM | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RICK ELLIOT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALLAN JEFFCOAT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLAY BRITTIAN | VICE CHAIR - DEVELOPMENT C Trustee or director, Officer | 1 | $0 | $0 |
| DR DESHAWN ROUSH | VICE CHAIR - GRANTS COMMITTE Trustee or director, Officer | 1 | $0 | $0 |
| KASEY HERRINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL MANCUSO | EXECUTIVE DIRECTOR Officer | 40 | $118,094 | $23,549 |
| DENNIS WADE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT HUCKS II | BOARD VICE CHAIR & CHAIR ELECT Trustee or director, Officer | 1 | $0 | $0 |
| EMMA RUTH BRITTIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHERYL CAIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WALLACE EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHILLIP ANDERSON | VICE CHAIR - GRANTING AND SCHOLARSHIPS Trustee or director, Officer | 1 | $0 | $0 |
| ERIK FROMM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICK ELLIOT | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ALLAN JEFFCOAT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY COOPER | VICE CHAIR - DEVELOPMENT COMMITTEE Trustee or director, Officer | 1 | $0 | $0 |
| DR DESHAWN ROUSH | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JANE LITZ | CFO Officer | 1 | $0 | $195,039 | $28,976 |
| MICHAEL MANCUSO | EXECUTIVE DIRECTOR Officer | 40 | $0 | $111,302 | $23,489 |
| DENNIS WADE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT HUCK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| EMMA RUTH BRITTIAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHERYL CAIL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WALLACE EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PHILLIP ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRENT GROOM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALLEN JEFFCOAT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GARY COOPER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DESHAWN ROUSH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICK ELLIOTT | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3655 HIGHWAY 17 BUSINESS, MURRELLS INLT, SC 29576-6178
- In care of
- % LINDSAY & LINDSAY
- Principal officer (990 for 2025)
- MICHAEL L MANCUSO, 3655 S HIGHWAY 17 BUSINESS, MURRELLS INLET, SC 29576
- Signed the 990
- MICHAEL L MANCUSO, PRESIDENT & CEO
- Phone
- (843) 357-4483
- Return prepared by
- BURCH OXNER SEALE CO CPA'S PA
Mission
THE FOUNDATION IS COMMITTED TO PROVIDING THE HIGHEST LEVEL OF SERVICES TO DONORS, GRANT RECIPIENTS AND THE COMMUNITY; THUS, FURTHERING ITS MISSION OF IMPROVING THE QUALITY OF LIFE IN HORRY AND GEORGETOWN COUNTIES.
Program accomplishments
- GRANTMAKING - OUR GRANTMAKING SPANS THE COMMUNITY'S BROADEST AREAS, FROM ARTS AND CULTURE TO COMMUNITY DEVELOPMENT, AND PROVIDES CRITICAL OPERATIONAL AND PROGRAMMATIC SUPPORT FOR THE NETWORK OF NONPROFIT ACTIVITIES IN OUR 2-COUNTY SERVICE AREA AND BEYOND. IN 2025, THE WACCAMAW COMMUNITY FOUNDATION DISPERSED 232 GRANTS AND SCHOLARSHIPS TOTALING $2,414,831. THESE GRANTS WERE DISTRIBUTED AS FOLLOWS: 75 GRANTS TOTALING $373,157 SUPPORTING VARIOUS EDUCATIONAL PURSUITS, 29 GRANTS TOTALING $361,939 SUPPORTING NEIGHBORHOOD AND COMMUNITY DEVELOPMENT, 61 GRANTS TOTALING $560,210 SUPPORTING HUMAN NEEDS, 10 GRANTS TOTALING $83,300 SUPPORTING ENVIRONMENTAL EFFORTS, 21 GRANTS TOTALING $96,039 SUPPORTING HEALTH INITIATIVES, AND 32 GRANTS TOTALING $410,158 IN SUPPORT OF RELIGIOUS ORGANIZATIONS, 9 GRANTS TOTALING $495,325 IN SUPPORT OF THE ARTS, AND 10 GRANTS TOTALING $32,303 SUPPORTING ANIMAL NEEDS.Expenses $2,746,635 · grants $2,570,119 · revenue $6,039
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2121992
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $44,496,374
- Income (IRS master file)
- $10,277,746
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $6,315,599 | $3,205,282 | $44,496,374 | XML |
| 990 | December 2024 | $5,009,782 | $2,967,578 | $38,409,782 | IRS |
| 990 | December 2023 | $6,543,921 | $4,151,050 | $33,255,334 | XML |
| 990 | December 2022 | $5,536,720 | $3,419,229 | $28,176,653 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 56-2121992).
Questions about WACCAMAW COMMUNITY FOUNDATION INC
- What is the EIN of WACCAMAW COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of WACCAMAW COMMUNITY FOUNDATION INC is 56-2121992.
- Is WACCAMAW COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to WACCAMAW COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does WACCAMAW COMMUNITY 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 WACCAMAW COMMUNITY FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WACCAMAW COMMUNITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WACCAMAW COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names MICHAEL L MANCUSO.
- Who are the officers and directors of WACCAMAW COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $122,714 (MICHAEL MANCUSO, EXECUTIVE DIRECTOR).
- How much revenue does WACCAMAW COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $6,315,599, expenses of $3,205,282 and total assets of $44,496,374 at year end.
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