Nonprofit · EIN 57-0902483
DRS BRUCE & LEE FOUNDATION
Tax-exempt · FLORENCE, SC 29506
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $9,038,096 | $7,610,943 | $1,427,153 | $255,368,624 | $1,855,755 | $253,512,869 |
| December 31, 2023 | 990-PF | $6,512,367 | $5,434,768 | $1,077,599 | $235,595,853 | $4,792,706 | $230,803,147 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $5,949,183
- Net rental income
- $1,047,224
- Net gain from sales of assets
- $1,648,819
- Other income
- $21,000
Expenses
- Grants and similar amounts paid
- $5,461,337
- Compensation of officers, directors and key employees
- $524,502
- Salaries, compensation and benefits (total)
- $85,055
- Disbursements for charitable purposes
- $9,636,791
- Excise tax on investment income
- $207,463
Balance sheet and other
- Total assets, start of year
- $235,595,853
- Total assets, end of year
- $255,368,624
- Total liabilities, end of year
- $1,855,755
- Net assets, end of year
- $253,512,869
- Fair market value of assets
- $255,905,505
- Qualifying distributions
- $9,790,936
- Net investment income
- $15,676,971
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRADLEY L CALLICOTT 201 SOUTH DARGAN, FLORENCE, SC 29506 | EXECUTIVE DIRECTOR | 40 | $218,502 | $99,164 |
| MILLIE MCNAIR 201 SOUTH DARGAN STREET, FLORENCE, SC 29506 | EXECUTIVE ASSISTANT Highest-paid employee | 40 | $85,055 | $18,118 |
| C EDWARD FLOYD MD 201 SOUTH DARGAN, FLORENCE, SC 29506 | CHAIRMAN/TRUSTEE | 6 | $31,200 | $0 |
| JOHN L BRUCE JR DMD 201 SOUTH DARGAN, FLORENCE, SC 29506 | VICE CHAIRMAN/TRUSTEE | 6 | $31,200 | $0 |
| MARK W BUYCK JR 201 SOUTH DARGAN, FLORENCE, SC 29506 | SECRETARY/TRUSTEE | 6 | $31,200 | $0 |
| HAIGH PORTER 201 SOUTH DARGAN, FLORENCE, SC 29506 | TRUSTEE | 6 | $31,200 | $0 |
| HENRY SWINK 201 SOUTH DARGAN, FLORENCE, SC 29506 | TRUSTEE | 6 | $31,200 | $0 |
| GORDON B BAKER JR 201 SOUTH DARGAN, FLORENCE, SC 29506 | TRUSTEE | 5 | $30,000 | $0 |
| COLEMAN FLOYD BUCKHOUSE MD 201 SOUTH DARGAN, FLORENCE, SC 29506 | TRUSTEE | 5 | $30,000 | $0 |
| FRANK B LEE JR MD 201 SOUTH DARGAN, FLORENCE, SC 29506 | TRUSTEE | 5 | $30,000 | $0 |
| ALLISON TANNER 201 SOUTH DARGAN, FLORENCE, SC 29506 | TRUSTEE | 6 | $30,000 | $0 |
| KIM TURNER 201 SOUTH DARGAN, FLORENCE, SC 29506 | TRUSTEE | 5 | $30,000 | $0 |
990-PF for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRADLEY L CALLICOTT 201 SOUTH DARGAN, FLORENCE, SC 29506 | EXECUTIVE DIRECTOR | 40 | $218,502 | $108,176 |
| MILLIE MCNAIR 201 SOUTH DARGAN STREET, FLORENCE, SC 29506 | EXECUTIVE ASSISTANT Highest-paid employee | 40 | $79,093 | $37,292 |
| C EDWARD FLOYD MD 201 SOUTH DARGAN, FLORENCE, SC 29506 | CHAIRMAN/TRUSTEE | 6 | $31,200 | $0 |
| JOHN L BRUCE JR DMD 201 SOUTH DARGAN, FLORENCE, SC 29506 | VICE CHAIRMAN/TRUSTEE | 6 | $31,200 | $0 |
| MARK W BUYCK JR 201 SOUTH DARGAN, FLORENCE, SC 29506 | SECRETARY/TRUSTEE | 6 | $31,200 | $0 |
| HAIGH PORTER 201 SOUTH DARGAN, FLORENCE, SC 29506 | TRUSTEE | 6 | $31,200 | $0 |
| HENRY SWINK 201 SOUTH DARGAN, FLORENCE, SC 29506 | TRUSTEE | 6 | $31,200 | $0 |
| GORDON B BAKER JR 201 SOUTH DARGAN, FLORENCE, SC 29506 | TRUSTEE | 5 | $30,000 | $0 |
| COLEMAN FLOYD BUCKHOUSE MD 201 SOUTH DARGAN, FLORENCE, SC 29506 | TRUSTEE | 5 | $30,000 | $0 |
| FRANK B LEE JR MD 201 SOUTH DARGAN, FLORENCE, SC 29506 | TRUSTEE | 5 | $30,000 | $0 |
| ALLISON TANNER 201 SOUTH DARGAN, FLORENCE, SC 29506 | TRUSTEE | 6 | $30,000 | $0 |
| KIM TURNER 201 SOUTH DARGAN, FLORENCE, SC 29506 | TRUSTEE | 5 | $30,000 | $0 |
Address and contacts
- Address (IRS master file)
- 201 S DARGAN ST, FLORENCE, SC 29506-2535
- Signed the 990-PF
- BRADLEY CALLICOTT, EXECUTIVE DIRECTOR
- Phone
- (843) 664-2870
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 57-0902483
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $255,368,624
- Income (IRS master file)
- $32,539,887
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $9,038,096 | $7,610,943 | $255,368,624 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $6,512,367 | $5,434,768 | $235,595,853 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about DRS BRUCE & LEE FOUNDATION
- What is the EIN of DRS BRUCE & LEE FOUNDATION?
- The employer identification number (EIN) of DRS BRUCE & LEE FOUNDATION is 57-0902483.
- Is DRS BRUCE & LEE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to DRS BRUCE & LEE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DRS BRUCE & LEE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DRS BRUCE & LEE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DRS BRUCE & LEE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of DRS BRUCE & LEE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 12 people; 12 received compensation from the organization, the highest $218,502 (BRADLEY L CALLICOTT, EXECUTIVE DIRECTOR).
- How much revenue does DRS BRUCE & LEE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $9,038,096, expenses of $7,610,943 and total assets of $255,368,624 at year end.
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