Nonprofit · EIN 92-0463073
GARNET TRUST FOUNDATION
Tax-exempt · COLUMBIA, SC 29201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,678,630 | $4,548,000 | $130,630 | $113,190 | $0 | $113,190 |
| December 31, 2023 | 990 | $3,513,046 | $3,500,147 | $12,899 | $33,308 | $0 | $33,308 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,678,630
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $853,707
- Other salaries and wages
- $88,333
- Salaries, compensation and benefits (total)
- $95,090
- Professional fundraising fees
- $0
- Legal fees
- $5,205
- Accounting fees
- $4,075
- Program services (functional)
- $4,502,584
- Management and general (functional)
- $45,416
Balance sheet and other
- Total assets, start of year
- $33,308
- Total assets, end of year
- $113,190
- Total liabilities, end of year
- $0
- Net assets, end of year
- $113,190
- Gross receipts
- $4,678,630
- Employees
- 2
- Volunteers
- 4
- Year formed
- 2022
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARRY BODIFORD | MEMBER Trustee or director | 1 | $0 |
| RICHARD KAY | MEMBER Trustee or director | 1 | $0 |
| SCAT SCATURRO | MEMBER Trustee or director | 1 | $0 |
| KEN LONG | MEMBER Trustee or director | 1 | $0 |
| TIM PACKER | MEMBER Trustee or director | 1 | $0 |
| BRENT SKINNER | MEMBER Trustee or director | 1 | $0 |
| JERRY INMAN | MEMBER Trustee or director | 1 | $0 |
| DAVID SEATON | CHARIMAN Officer | 1 | $0 |
| CANDACE KNOX | SECRETARY Officer | 1 | $0 |
| MARKEISHA GRANT | VICE CHAIRMAN Officer | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARRY BODIFORD | MEMBER Trustee or director | 1 | $0 |
| RICHARD KAY | MEMBER Trustee or director | 1 | $0 |
| SCAT SCATURRO | MEMBER Trustee or director | 1 | $0 |
| KEN LONG | MEMBER Trustee or director | 1 | $0 |
| MARCUS LATTIMORE | MEMBER Trustee or director | 1 | $0 |
| TIM PACKER | MEMBER Trustee or director | 1 | $0 |
| BRENT SKINNER | MEMBER Trustee or director | 1 | $0 |
| JERRY INMAN | MEMBER Trustee or director | 1 | $0 |
| DAVID SEATON | CHARIMAN Officer | 1 | $0 |
| CANDACE KNOX | SECRETARY Officer | 1 | $0 |
| MARKEISHA GRANT | VICE CHAIRMAN Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 701 GERVAIS ST STE 150 PMB 198, COLUMBIA, SC 29201-3065
- Mailing address (990-N for 2022)
- 701Gervais Street Suite 150 No 198, Columbia SC 29201
- Principal officer (990 for 2024)
- DAVID SEATON, 701 GERVAIS STREET 150 NO 198, COLUMBIA, SC 29201
- Principal officer (990-N for 2022)
- Donald Barry Bodiford, 1306 Wayne Street, Mount Pleasant SC 29464
- Signed the 990
- DAVID SEATON, CHAIRMAN
- Phone
- (407) 670-9738
- Return prepared by
- BAUKNIGHT PIETRAS & STORMER PA
Mission
TO HELP PROMOTE, SUPPORT, AND ADVANCE CHARITABLE ORGANIZATIONS AND CAUSES, EDUCATE THE GENERAL PUBLIC REGARDING THESE CHARTIABLE ORGANIZATIONS AND CAUSES, AND TO MAKE POSITIVE IMPACTS ON COMMUNITIES, BY UTILIZING THE NAME-IMAGE-LIKENESS AND NOTORIETY OF UNIVERSITY OF SOUTH CAROLINA STUDNET-ATHLETES.
Program accomplishments
- GARNET TRUST FOUNDATION LEVERAGED THE INFLUENCE AND PLATFORM OF ATHLETES TO MAKE A POSITIVE IMPACT ON LOCAL COMMUNITIES. THROUGH HANDS-ON SERVICE, OUR ATHLETES PARTNER WITH LOCAL NON-PROFITS TO NOT ONLY RAISE AWARENESS FOR CRITICAL CAUSES BUT ALSO TO ACTIVELY CONTRIBUTE TO FULFILLING THEIR MISSIONS. BY ENGAGING IN DIRECT SERVICE, OUR ATHLETES HELP AMPLIFY THE WORK OF THESE ORGANIZATIONS, CREATING A STRONGER BOND BETWEEN THE COMMUNITY AND THE RESOURCES THEY PROVIDE. AT GARNET TRUST FOUNDATION, WE BELIEVE THAT THROUGH COLLABORATION AND ACTION, WE CAN EMPOWER BOTH ATHLETES AND LOCAL NON-PROFITS TO CREATE LASTING, MEANINGFUL CHANGE.Expenses $4,502,584 · grants $853,707 · revenue $4,678,630
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 | Not 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
- 92-0463073
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $113,190
- Income (IRS master file)
- $4,678,630
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,678,630 | $4,548,000 | $113,190 | IRS |
| 990 | December 2023 | $3,513,046 | $3,500,147 | $33,308 | XML |
| 990-N for 2022 Officer: Donald Barry Bodiford | December 31, 2022 | ≤ $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 92-0463073).
Questions about GARNET TRUST FOUNDATION
- What is the EIN of GARNET TRUST FOUNDATION?
- The employer identification number (EIN) of GARNET TRUST FOUNDATION is 92-0463073.
- Is GARNET TRUST FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to GARNET TRUST FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GARNET TRUST FOUNDATION 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 GARNET TRUST 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 GARNET TRUST FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GARNET TRUST FOUNDATION?
- The 990 for the year ended December 31, 2024 names DAVID SEATON.
- Who are the officers and directors of GARNET TRUST FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does GARNET TRUST FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,678,630, expenses of $4,548,000 and total assets of $113,190 at year end.
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