Nonprofit · EIN 85-3869699
CATALYST FOUNDATION
Tax-exempt · CHARLESTON, SC 29492
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ (amended) | $35,005 | $33,183 | $1,822 | $7,821 | $10,000 | -$2,179 |
| June 30, 2024 | 990-EZ | $40,002 | $44,591 | -$4,589 | $2,464 | $6,465 | -$4,001 |
| June 30, 2023 | 990-EZ | $35,000 | $41,412 | -$6,412 | $588 | – | $588 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $35,000
- Investment income
- $5
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $21,475
- Occupancy
- $3,000
- Other expenses
- $8,708
- Program services (functional)
- $8,000
Balance sheet and other
- Total assets, start of year
- $2,464
- Total assets, end of year
- $7,821
- Total liabilities, end of year
- $10,000
- Net assets, end of year
- -$2,179
- Cash, savings and investments
- $7,821
- Gross receipts
- $35,005
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-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES JORDAN | CHAIR/PRESIDENT | 0.04 | $0 |
| REEVES SKEEN | VICE CHAIR/VP | 0.04 | $0 |
| DAVID HAMILTON | SECRETARY/TREASURER | 0.04 | $0 |
990-EZ for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TONY POPE | CHAIR / PRES | 0.04 | $0 |
| REEVES SKEEN | VICE CHAIR / | 0.04 | $0 |
| WILL RUSSELL | TREASURER/SE | 0.04 | $0 |
990-EZ for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TONY POPE | CHAIR / PRES | 0.04 | $0 |
| PETER FENNELLY | VICE CHAIR / | 0.04 | $0 |
| WILL RUSSELL | TREASURER/SE | 0.04 | $0 |
Address and contacts
- Address (IRS master file)
- 65 FAIRCHILD STREET STE 100, CHARLESTON, SC 29492-7505
- In care of
- % KAREN KUCHENBECKER
- Mailing address (990-N for 2020)
- 4401 BELLE OAKS DRIVE SUITE 420, NORTH CHARLESTON SC 29405
- Principal officer (990-N for 2020)
- STEPHEN GALLAGHER, 4401 BELLE OAKS DRIVE SUITE 420, NORTH CHARLESTON SC 29405
- Signed the 990-EZ
- DAVID HAMILTON, TREASURER
- Phone
- (843) 767-9300
- Return prepared by
- DAVIS & COMPANY CPAS
Mission
THE CATALYST FOUNDATION= WAS ESTABLISHED IN 2021 TO SUPPORT AND PROMOTE ECONOMIC DEVELOPMENT IN BERKELEY, CHARLESTON AND DORCHESTER COUNTIES OF SOUTH CAROLINA. THE FOUNDATION'S WORK INCLUDES FACILITATING ECONOMIC AND WORKFORCE RELATED RESEARCH STUDIES AND STRATEGIC PLANS, PROVIDING RELATED LEARNING OPPORTUNITIES FOR CURRENT AND EMERGING COMMUNITY LEADERS, CONVENING COMMUNITY LEADERS AROUND ECONOMIC DEVELOPMENT ISSUES, AND SUPPORTING INNOVATIVE PROGRAMS AND INITIATIVES DESIGNED TO ADVANCE THE LOCAL ECONOMY. THE FOUNDATION ALSO WORKS CLOSELY WITH OTHER ECONOMIC AND WORKFORCE DEVELOPMENT ORGANIZATIONS THROUGHOUT THE THREE-COUNTY REGION TO EXPAND AND STRENGTHEN LOCAL JOB OPPORTUNITIES FOR AREA RESIDENTS.
Program accomplishments
- THE CATALYST FOUNDATION EXISTS TO SUPPORT AND PROMOTE ECONOMIC DEVELOPMENT IN THE THREE-COUNTY CHARLESTON, SC REGION. IN FY24-25, THE CATALYST FOUNDATION PROVIDED PARTIAL FUNDING TO SUPPORT THE SECOND PHASE OF A FEASIBILITY STUDY AND SECTOR ANALYSIS FOR A POTENTIAL CENTER OF EXCELLENCE INNOVATION HUB LOCATED IN THE CHARLESTON REGION.Expenses $8,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-3869699
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $7,821
- Income (IRS master file)
- $35,005
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $35,005 | $33,183 | $7,821 | XML |
| 990-EZ | June 2024 | $40,002 | $44,591 | $2,464 | XML |
| 990-EZ | June 2023 | $35,000 | $41,412 | $588 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: STEPHEN GALLAGHER | June 30, 2021 | ≤ $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 85-3869699).
Questions about CATALYST FOUNDATION
- What is the EIN of CATALYST FOUNDATION?
- The employer identification number (EIN) of CATALYST FOUNDATION is 85-3869699.
- Is CATALYST FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to CATALYST FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CATALYST FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CATALYST FOUNDATION 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 CATALYST FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who is the principal officer of CATALYST FOUNDATION?
- The 990-N for 2020 names STEPHEN GALLAGHER.
- Who are the officers and directors of CATALYST FOUNDATION?
- The 990-EZ for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does CATALYST FOUNDATION have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $35,005, expenses of $33,183 and total assets of $7,821 at year end.
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- CHARLESTON REDEVELOPMENT CORPORATION EIN 27-3715681 · last filed 990 for 2024
- CLIMB FUND EIN 57-0707663 · last filed 990 for 2025
- SOUTH CAROLINA ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT EIN 56-2049813 · last filed 990 for 2025
- CHARLESTON DIGITAL CORRIDOR FOUNDATION EIN 20-0836170 · last filed 990 for 2025
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All nonprofits in CHARLESTON · South Carolina · Community improvement and capacity building